West Texas Resources, Inc. (OTCPK:WTXR) signed a letter of intent to acquire Gas Tap Corp. for $4.5 million on December 19, 2017. The consideration will be made by issuance of 15 million shares of West Texas Resources common stock to the stockholders of Gas Tap Corp. The transaction is subject to continued due diligence inquiry and the execution of definitive agreements. The transaction is expected to close in early 2018.