AUS Industrial Minerals Limited entered into share exchange agreement to acquire Black Bull Resources Inc. (TSXV:BBS.H) from Firebird Global Master Fund II Ltd, fund of Firebird Management LLC and others in a reverse merger transaction on April 23, 2014. AUS Industrial will purchase 103.33 million shares of Black Bull in exchange of all its stock. According to the terms of the agreement, AUS advanced a non-refundable deposit in the amount of CAD 0.05 million in favour of Black Bull. In addition, Black Bull agreed to advance a deposit of CAD 0.05 million to AUS via the issuance of 0.33 million common shares of Black Bull. Black Bull will change its name to AUS Industrial Minerals Limited. Black Bull current Board and Management will continue to remain along with new appointees upon completion of the transaction. The transaction is subject to approval by shareholders of Black Bull, Toronto stock exchange, due diligence of Black Bull and AUS, approval of the Board of Directors of Black Bull and AUS, completion of a 30 for 1 consolidation of the Black Bull's common shares. The expected closing of the transaction is extended to October 31, 2014, and if the transaction is not closed by then, a further extension will be necessary. The common shares of Black Bull will remain halted pending receipt by the TSX-V of certain required materials from Black Bull, and until Black Bull engages a sponsor or a sponsorship exemption is granted. After the expiration of the previous definitive agreement, are currently negotiating the terms and conditions of a new definitive agreement which are expected to remain similar to the previous agreement, to renew the transaction and close on or before Oct. 31, 2015. The new agreement is expected to occur by July 30, 2015, in accordance with the policies of the TSX-V. Completion of the transaction is subject to a number of conditions, including TSX-V acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. As of December 29, 2015, the period allowed to complete the definitive agreement extended till February 29, 2016. The definitive agreement is now expected to be achieved by February 29, 2016 enabling anticipated closing of the transaction by April 20, 2016. As reported on March 8, 2016, the preparation and completion of a definitive agreement, which was extended to February 29, 2016, has been further extended to March 14, 2016. The transaction closing date has also been amended to May 16, 2016, subject to customary closing conditions. As announced on May 31, 2016, the definitive agreement is expected to be signed by June 10, 2016 and the deal is expected to close by July 31, 2016. Renewable Energy Minerals Ltd cancelled the acquisition of Black Bull Resources Inc. (TSXV:BBS.H) from Firebird Global Master Fund II Ltd, fund of Firebird Management LLC and others in a reverse merger transaction on January 26, 2017.