MatRRix Energy Technologies Inc. (TSXV:MXX) entered into an agreement to acquire D2 Drilling Inc. for CAD 3.2 million on January 17, 2018. Under the transaction, the purchase consideration includes the issuance of 6.67 million common shares and payment of CAD 0.53 million in cash. The shareholders of D2 will receive, for each D2 Share, 1.20992 MATRRIX shares and a cash amount equal to 0.09624, assuming D2's working capital, as contemplated in the share purchase agreement, is $0.53 million at the time of closing. D2 shareholders will join MatRRix Energy as shareholders. The transaction is subject to customary closing conditions and approval of the TSX Venture Exchange Inc. The transaction is expected to close on or about January 19, 2018. Lightyear Capital Inc. acted as financial advisor to MatRRix Energy. MatRRix Energy Technologies Inc. (TSXV:MXX) completed the acquisition of D2 Drilling Inc. on January 19, 2018.