QED Connect, Inc. (OTCPK:QEDN) signed a letters of intent to acquire Kyrzyg Alumina on August 2, 2012. In a related transaction, QED Connect entered into a letters of intent to purchase Terra Resources and Kuma Oil. Definitive agreement is expected to close within the next 75 days pending due diligence and approval of any regulatory agencies. The transaction also requires approval from QED, Terra, and Kuma's Board of Directors. QED Connect, Inc. plans to sign a definitive agreement to acquire Kyrzyg Alumina in 2013.

QED Connect, Inc. (OTCPK:QEDN) cancelled the acquisition of Kyrzyg Alumina on August 2, 2013.