Cerus Energy Group Ltd. announced that its wholly owned subsidiary TexAlta Industries has entered into a definitive asset purchase agreement dated as of March 14, 2018 according to which it will acquire Camarico Group Ltd. In connection with completion of the Transaction, it is anticipated that the Company will reconstitute its board of directors to consist of R. Mackenzie Loree, Len Tucker, Tom Carpenter and Arthur Kwan. It is also anticipated that R. Mackenzie Loree will remain the President and Chief Executive Officer of the Company, and Anthony Chan will be acting Chief Financial Officer.