Bayport International Holdings, Inc. (OTCPK:BAYP) entered into an asset purchase agreement to acquire certain oil and gas properties in Wayne County, West Virginia from Sylios Corp. (OTCPK:UNGS) on July 10, 2014. The transaction is scheduled to close on or before July 30, 2014. As on July 31, 2014, due diligence has been completed and financing having been arranged and the final contract, with Sylios Corporation has also been signed.

Bayport International Holdings, Inc. (OTCPK:BAYP) completed the acquisition of certain oil and gas properties in Wayne County, West Virginia from Sylios Corp. (OTCPK:UNGS) on July 31, 2014.