GP Global Power Ltd. entered into an agreement to acquire Greenstone Industries Ltd. (TASE:GRTN) in a reverse merger transaction on June 11, 2014. Under the terms of the agreement, Greenstone Industries will issue an amount of shares equivalent 75% of the company's valuation in exchange for all shares of GP Global Power Ltd. If certain conditions apply which significantly affects Global Power's development, additional shares will be allotted to Global Power, equivalent 25% of Global Power's valuation. The transaction is conditional upon Greenstone Industries divesting stake in Zimha Investment House Ltd., Gefen Biomed Investments Ltd., Galilee Resources Ltd., YMG Gold Minin plc, RVB, Peregrine Industries Inc. The transaction is expected to be completed on September 30, 2014.