Centaurus Diamond Technologies (OTC:CTDT)

Disclosure: GeoInvesting is providing this information for your edification and in no way has any affiliation with any promoters and/or newsletters disseminating information on CTDT, nor is GeoInvesting being paid to post this information. At times, the GeoTeam may trade P&D's on a long or short basis, depending on how we feel the momentum of the stocks will be affected by the efforts of stock promoters and any ensuing dumps.

On April 19, 2012, Sweetwater Resources, Inc., a Nevada corporation (the “Company”), entered into a letter of intent (the “Letter of Intent”) with Centaurus Technologies Inc., a Nevada corporation (“Centaurus”), in connection with a proposed asset acquisition whereby the Company would acquire a certain cultured diamond technology patent and related intellectual property (the “Assets”) from Centaurus in exchange for 43,850,000 shares (the “Consideration Shares”) of the Company’s restricted common stock (the “Acquisition”). Also in consideration for the purchase of the Assets, the Company would assume debts of Centaurus in an amount not to exceed $100,000 including any bridge loan provided by the Company to Centaurus (the “Bridge Loan”) in connection with the execution of the Letter of Intent. The Bridge Loan is for an amount up to $250,000 (the “Bridge Loan”) on terms to be set forth in a definitive loan agreement to be entered into between the Company and Centaurus. The Bridge Loan will bear interest at the rate of 8% per annum and will have a maturity date of April 1, 2013, unless extended by mutual agreement of the Company and Centaurus.