Valmie Resources, Inc. (OTCBB:VMRI) entered into a letter of intent to acquire Vertitek Inc. from Masamos Services Ltd. on January 20, 2015. As per the terms of the letter of intent, Valmie Resources will complete its due diligence on Vertitek in 60 days. During the due diligence period, Valmie will provide financing to Vertitek in the maximum amount of $0.15 million by way of a line of credit.

Valmie Resources, Inc. (OTCBB:VMRI) signed a definitive agreement to acquire Vertitek Inc. on January 27, 2015. The transaction is subject to the customary closing conditions. Valmie Resources agreed to extend the closing date until March 31, 2015.