SW Tech Corporation entered into a non-binding letter of intent to acquire Arcland Resources Inc. (TSXV:ADR.H) in a reverse merger transaction on November 25, 2020. In consideration, Arcland will issue 74.22 million post-Consolidation common shares to the shareholders of the SW Tech, whereby the final consideration of the Transaction will be negotiated and settled in good faith by the parties prior to executing the Definitive Agreement. The Transaction will constitute a "reverse takeover" under the policies of the TSX Venture Exchange (the "TSXV") and the corporation resulting from the Transaction (the "Resulting Issuer") will carry on the business of SW Tech as currently constituted and its common shares will be listed and posted for trading on the TSXV as a Tier 1 or Tier 2 mining issuer under the name "Ord Mountain Mining Corp.", or such other name as directed by the SW Tech. Under the terms of the Letter of Intent, the following steps will be necessary, subject to the approval of the TSXV, provided that the parties may revise the structure of the Transaction by mutual agreement: 1. Arcland and the SW Tech shall enter into the Definitive Agreement on or before January 31, 2021; 2. consolidation (the "Consolidation") of all of the issued and outstanding securities of the Arcland on the basis of 10-to-1; 3. completion of the Name Change; 4. continuation of Arcland under the laws of the Cayman Islands; 5. completion of the acquisition by Arcland of all of the issued and outstanding securities of the SW Tech; 6. completion of a private placement by SW Tech of subscription receipts, which are convertible at the closing of the Transaction into post-Consolidation common shares of the Resulting Issuer, for minimum proceeds of $30,000,000 (the "Private Placement"). SW Tech is expected to make payment of customary compensation, including the securities of Arcland, to one or more agents that may be engaged to act as agent of the parties for the Private Placement and in connection therewith. The closing of the Transaction is subject to obtaining a full revocation of the CTO which the Arcland is presently pursuing. However, even after revocation of the CTO, the securities of Arcland will remain halted pending the completion of the Transaction. Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. The completion of the Transaction is also subject to several other conditions set out in the Letter of Intent, including approval by the directors of Arcland and SW Tech, satisfactory completion of due diligence and regulatory approval. SW Tech Corporation cancelled the acquisition of Arcland Resources Inc. (TSXV:ADR.H) in a reverse merger transaction on March 16, 2021. As a definitive agreement was not executed by the two parties, the letter of intent has been terminated.