Haltain Developments Corp. entered into a letter of intent to acquire substantially all assets of SK3 Group Inc. (OTCPK:SKTO) on June 4, 2014. As at July 31, 2014, Haltain has received a deposit of CAD 50,000 on execution of the agreement. As on September 11, 2014 Haltain Developments amended the letter of intent in which it agreed to acquire substantially all assets of SK3 Group for exchange of common stock of a newly formed subsidiary of Haltain Developments. In a related transaction, Haltain Developments Corp. entered into a letter of intent to acquire substantially all assets of Alternative Energy Partners, Inc. (OTCPK:AEGY) on June 4, 2014. In order to effect the transaction, Haltain will be required to effect a corporate reorganization prior to undertaking any of the transactions and in relation to its corporate reorganization will seek shareholder approval to spin out a subsidiary which will then acquire the assets and liabilities of SK3 Group Inc. and Alternative Energy Partners, Inc. or seek shareholder approval to approve the amalgamation. Upon completion of the transaction, an application will be made to list the common assets of new subsidiary of Haltain Developments on the Canadian Securities Exchange.

The deposit that has paid shall be refundable to SK3 Group and Alternative Energy Partners if no definitive agreement is entered into by October 15, 2014. The deal is subject to approval of the Supreme Court of British Columbia, the British Columbia Registrar of Companies, and to shareholder approval. The Board of each of Haltain and SK3 Group will unanimously recommend to their respective shareholders that they vote in favour of the transaction. The acquisition was expected to be completed by October 31, 2014. SK3 Group continues to work with Haltain to complete the definitive agreement and has agreed in principle to extend the closing date to November 30, 2014, respectively.