Savoy Ventures Inc. (TSXV:SVO.H) entered into a letter of intent to acquire Hybrid Minerals Inc. for $0.84 million on May 31, 2017. Savoy Ventures Inc. (TSXV:SVO.H) entered into a share exchange agreement to acquire Hybrid Minerals Inc. for $0.86 million on October 27, 2017. Savoy Ventures will acquire all of the issued and outstanding common shares of Hybrid in exchange for common shares of Savoy on a 1:1 exchange ratio. Current Board of Directors of Savoy will be increased to four members, with one of the members being nominated by Hybrid and three of the members being nominated by Savoy. The transaction is subject to a definitive business combination agreement on or before June 30, 2017, completion of an equity financing to raise minimum gross proceeds of $1.5 million, customary due diligence, receipt of all necessary regulatory, corporate and third party approvals, compliance with all applicable regulatory requirements, and all requisite board and shareholder approvals being obtained. In particular, it is a condition of closing that Savoy maintains its listing on the TSX-V. Savoy Ventures Inc. (TSXV:SVO.H) completed the acquisition of Hybrid Minerals Inc. on January 15, 2018. In connection with the transaction, Savoy Ventures has changed its name to “Hybrid Minerals Inc.” Savoy Ventures common shares will resume trading on the Exchange under the new ticker symbol “HZ” after the Exchange’s conditions for listing are satisfied. Hybrid Minerals Inc. will now operate as Hybrid Minerals USA Inc. In addition, Savoy Ventures also completed private placement.