Conexus Cattle Corp. (OTCPK:CNXS) acquired 51% stake in Bitcoin Direct LLC from Tarpon Bay Partners LLC and Barton PK LLC for $0.5 million on May 13, 2015. Conexus Cattle issued 500 shares of Series H Convertible Preferred Stock as consideration in the transaction. Conexus agreed to provide a working capital facility to Bitcoin in an amount up to $0.3 million. The shareholders of Bitcoin Direct LLC have an option for a period of five years to repurchase from the Conexus 10% of the Bitcoin membership interests held by Conexus for $0.25 million.

Conexus Cattle Corp. (OTCPK:CNXS) completed the acquisition of 51% stake in Bitcoin Direct LLC from Tarpon Bay Partners LLC and Barton PK LLC on May 13, 2015.