Blue Water Petroleum Corp. (OTCPK:BWPC) entered into an agreement to acquire Atakam Group Inc. for $0.15 million on May 18, 2020. Under the terms of the agreement, Blue Water Petroleum Corp. will issue 5 million of its common shares to the shareholders of Atakam Group Inc. in exchange for 100% of the issued and outstanding common stock of Atakam Group Inc. As per the amended agreement, Blue Water Petroleum Corp. agreed to acquire Atakam for $0.78 on December 1, 2020. As part of agreement, Blue Water will issue 25 million shares as of December 15, 2020 to the shareholders of Atakam. On June 2, 2020, Blue Water Petroleum Corp. added Andrew Osichnuk, Chief Executive Officer of Atakam Group Inc., as a company Director, Secretary, Treasurer and Chief Financial Officer. On December 1, 2020, Atakam will add five directors and two officers to the board of Blue Water upon close and appoint a new treasurer and secretary. Members include: Jose Kreidler as Director, President, Alexander Dekhtyar as Director, Andrew Osichnuk as Treasurer, CFO, Secretary, Director, Dmytro Yankovyi as Director, Aleksejs Griskovecs as Director. As of June 2, 2020 Blue Water Petroleum changed its corporate address to 1103 Old Town Ln, Suite 16, Cheyenne, Wyoming, which is the location of Atakam Group Inc. The transaction is expected to close on December 15, 2020.