Crazy Horse Resources Inc. signed a letter of intent to acquire Ballyliffin capital Corp. (TSXV:BLL.H) in a reverse merger transaction.
Pursuant to the transaction, Devinder Randhawa, President and Chief Executive Officer of Balluliffin, will be the Chief Executive Officer of Asia Arc, Brian Lueck, Chief Operating Officer and Director of Crazy Horse Resources, will be the President and Director of Asia Arc, Jose D. Leviste III, Chief Executive Officer and Director of Crazy Horse Resources, will be a Director of Asia Arc, Gregory Downey will be the Chief Financial Officer of Asia Arc, Ross McElroy and William Marsh will be Directors of Asia Arc. The transaction is subject to satisfactory completion of due diligence, completion of name change, continuance of the Corporation from Alberta into British Columbia, signing of definitive agreement, Exchange acceptance and majority of the minority shareholder approval.