Highmark Marketing Inc. entered into a non-binding letter of intent to acquire Lightning Industries Inc. from Domenari Capital, LLC on September 2, 2015. Highmark Marketing Inc. entered into a definitive share exchange agreement to acquire Lightning Industries Inc. from Domenari Capital, LLC for $0.8 million in stock on February 1, 2016. The consideration includes 40 million shares. Highmark will issue a bonus of 2 million common shares to Domenari each if Lightning records a profit for a single fiscal year, in either the first or second full fiscal year starting January 1, 2015 and if Lightning records $3 million in revenues in the first, second or third full fiscal year immediately following the effective date. In a related transaction, Highmark Marketing announced a private placement of 5 million shares at $0.05 per unit for gross proceeds of up to $250,000. The funds are intended to be allocated towards associated costs of closing the proposed transaction with lightning. For the period ended December 31, 2014, Lightning Industries Inc. had revenues of $1.1 million, loss after tax of $0.17 million, total negative equity of $0.16 million and total assets of $1.58 million. After closing, the board of directors of Highmark will include Marc Branson, Donald Rainwater, David Taylor and Donald Rainwater will be the President and Chief Executive Officer. Marc Branson will be appointed as Vice President and an Chief Financial officer will be jointly nominated at a later date. The transaction is subject to CSE acceptance and shareholder approval. The transaction was unanimously recommended to the shareholders by the Board of Directors of Highmark Marketing Inc. As announced on April 26, 2016, the transaction was approved by Canadian Securities Exchange. The shareholder meeting of Highmark Marketing will be held on May 20, 2016 to approve the transaction. As on May 20, 2016, the shareholders of Highmark Marketing approved the transaction. The deal is expected to close by May 25, 2016. Computershare Investor Services Inc. acted as the transfer agent and registrar for Highmark Marketing Inc. Highmark Marketing Inc. completed the acquisition of Lightning Industries Inc. from Domenari Capital, LLC on June 1, 2016. Upon closing of the transaction, Highmark Marketing Inc. applied for a name change to Lightning Ventures, Inc. Marc Branson resigned from his position as Chief Executive Officer and President and was replaced in these roles by Donald Rainwater. Marc Branson will remain with the Company in a role as Vice President, Corporate Development. Donald Rainwater is also appointed to the Board of Directors of Highmark Marketing Inc.