SDX Energy Inc. is reportedly concerning a potential acquisition and material equityfundraising . Has entered into non-binding heads of terms with circle oil for acquisition of Circle Oil Company, (Panama), S.A.'s Egyptian and Moroccan businesses. Hot has a 30 day exclusivity period. Acquisition is subject to completion of due diligence, compliance with all regulatory requirements and conclusion of an equity fundraising .Can be no guarantee that acquisition or equity fundraising will proceed.