Highwood Oil Company Ltd. entered into a letter of intent to acquire Predator Blockchain Capital Corp. (TSXV:PRED.P) from Stephen J. Holyoake, Trevor Wong-Chor and others in a reverse merger transaction on November 7, 2018. Highwood Oil Company Ltd. entered into an amalgamation agreement to acquire Predator Blockchain Capital Corp. (TSXV:PRED.P) from Stephen J. Holyoake, Director of Predator Blockchain Capital Corp. (TSXV:PRED.P) and others in a reverse merger transaction on December 20, 2018. Predator will acquire all of the issued and outstanding securities of Highwood. In connection with the transaction, the outstanding common shares of Highwood Oil Company Ltd. were exchanged for an equal number of common shares of the issuer. The terms of the acquisition contemplate a share consolidation of the 10 million outstanding common shares of Predator at a ratio of approximately 1:53 and the issuance of approximately 5.74 million post-consolidation common shares to Highwood shareholders at a deemed value of CAD 9.00 per share. Accordingly, if the acquisition is completed, it is expected that the Resulting Issuer will have approximately 5.93 million post consolidation common shares issued and outstanding (on a non-diluted basis). It is anticipated that upon completion of the acquisition, the Resulting Issuer will meet the Tier 2 listing requirements of the TSXV for an oil and gas issuer. Upon completion of the acquisition, the individuals to be appointed as the officers and directors of the Resulting Issuer will be Greg Macdonald as Chairman, President, Chief Executive Officer and Director; Graydon Glans as Chief Financial Officer and Corporate Secretary; Kelly McDonald as Vice President, Exploration; Stephen J Holyoake as Director; Trevor Wong-Chor as Director and Arif Shivji as Director. Closing of the proposed acquisition is subject to a number of conditions including, but not limited to approval by the Board of Directors of both Predator and Highwood; Predator shareholders' approval; Highwood shareholder approval; satisfactory due diligence by both Predator and Highwood; Predator having not more than 10 million pre-consolidation common shares issued and outstanding as at the closing of the acquisition, on a fully diluted basis; negotiation and execution of a definitive agreement; listing of the newly issued shares on the stock exchange; dissenters rights limited to 5%; execution of TSXV escrow agreement and obtaining any requisite regulatory approvals. Predator has set December 20, 2018 as the date for a special meeting of shareholders to approve the acquisition. The resolution which shareholders will be asked to consider in connection with the acquisition will be subject to Majority of the Minority shareholder approval in accordance with the Policies of the TSXV and securities laws. As of December 28, the transaction was unanimously approved by the Board of Predator. The transaction has been approved by shareholders of Highwood and Predator on January 22, 2019. The transaction is expected to close on or about January 23, 2019. Trevor Wong-Chor of DLA Piper (Canada) LLP acted as legal advisor to Highwood and Ashif Merani of Law Offices of Peter C. Merani P.C. acted as legal advisor to Predator. Odyssey Trust Company acted as registrar to Predator. Highwood Oil Company Ltd. completed the acquisition of Predator Blockchain Capital Corp. (TSXV:PRED.P) from Stephen J. Holyoake, Trevor Wong-Chor and others in a reverse merger transaction on January 23, 2019. Following both the concurrent financing and the Amalgamation, former holders of Predator Shares hold 0.188,679 million resulting Issuer Shares and former holders of Highwood Shares hold 5.751,804 million resulting Issuer Shares, each representing 3.2% and 96.8%, respectively, of the outstanding Resulting Issuer Shares. Each Resulting Issuer Share issued to Highwood Shareholders and Predator Shareholders pursuant to the amalgamation was issued at a deemed price of CAD 9.00 per Resulting Issuer Share. As a result of the Amalgamation, the Resulting Issuer has 5.940483 million resulting issuer shares issued and outstanding (and 6.192,098 million on a fully diluted basis including Options and RSUs granted on January 23, 2019). Pursuant to the terms of a Tier 2 Value Security Escrow Agreement among the Resulting Issuer, Odyssey Trust Company and certain escrowed security holders, an aggregate of 4.530670 million Resulting Issuer Shares held by certain officers, directors and insiders of the Resulting Issuer have been placed in escrow, whereby 10% will be released on issuance of the Final Exchange Bulletin, and the balance of such shares will be released in tranches over the next 36 months. In addition, an aggregate of 0.025030 Resulting Issuer Shares will be subject to a resale restriction for a period of 36 months pursuant to the Exchange's resale matrix. The resulting issuer will be named Highwood Oil Company Ltd. The resulting issuer will remain halted pending final materials being reviewed by the Exchange and expects to commence trading on, or about, January 30, 2019 under the new symbol HOCL and CUSIP/ISIN 431277102.