Enwin Resources, Inc. (OTCBB: ENWN) (“Enwin”) today announced that it has reached an agreement to acquire D2Fusion, Inc. (“D2Fusion”) from Solar Energy Limited (OTCBB: SLRE) (“Solar”) in exchange for 30,000,000 shares of Enwin common stock.
The agreement further requires that Enwin have $2,000,000 in working capital available on or before closing to fund D2Fusion’s 12-month business plan and that Enwin cancel 30,000,000 shares of its outstanding share capital prior to closing. Solar is also entitled under the agreement to nominate two of three individuals proposed for appointment to the Enwin board of directors.
Enwin intends to change its name to “D2Fusion Corporation” and consummate the acquisition as soon as is practicable.
D2Fusion, a Foster City, California and Los Alamos, New Mexico based company, is focused on developing and delivering low-cost, clean, waste-free, practical nuclear energy applications for use in a wide range of environments from homes to industry. Operations are focused on the engineering and development of practical solid-state fusion thermal energy devices derived from work sometimes referred to as LENR (Low Energy Nuclear Reactions) or CANR (Chemically Assisted Nuclear Reactions). These reactions utilize deuterium, a common isotope of hydrogen, which when loaded into solid-state materials produces heat and helium without significant energetic radiation such as neutrons, gammas, and x-rays.
The science and news surrounding solid-state fusion and D2Fusion can be viewed on the company’s website at www.d2fusion.com.
Enwin is a public company focused on the development of eco-friendly business opportunities; its common shares are quoted on the OTCBB under the ticker symbol “ENWN”.
Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, and uncertainties related to the development of Enwin’s business model. The actual results that Enwin may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Enwin encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. Enwin’s public filings may be viewed at www.sec.gov.
