An unknown buyer signed an agreement in principle to acquire Bayfield Resources Inc. from Tribute Resources Inc. (TSXV:TRB) for CAD 1 million on October 12, 2017. As a part of the consideration, the buyer will pay CAD 0.004 million in cash and will assume Bayfield debt to Tribute in the amount of CAD 0.996 million. In two related transactions, Tribute Resources Inc. has entered into agreements whereby it will sell its oil and natural gas assets to On-Energy Corp. for CAD 1.4 million and will sell its 100% interest in Liberty Oil & Gas Ltd. to Clearbeach Resources Inc. and Budd Energy Inc. for CAD 0.90 million. The sale of these assets will enable Tribute to focus on its renewable energy projects within the tidal and marine sector and will provide working capital to continue with these development initiatives. The sales will also enable Tribute to access additional financing for its renewable energy projects that can only be sourced after the non-renewable assets have been divested. As on November 1, 2017, Resources Inc. (TSXV:TRB) announced the execution of the final agreements to sell all of the shares of Bayfield Resources Inc. to 2601389 Ontario Inc. 2601389 Ontario Inc. completed the acquisition of Bayfield Resources Inc. from Tribute Resources Inc. (TSXV:TRB) on November 1, 2017.