ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On May 31, 2007, Enwin Resources, Inc., (“Enwin”) entered into a Securities Exchange Agreement and Plan of Exchange with Solar Energy Limited (“Solar”) and D2Fusion, Inc. (“D2Fusion”) whereby Enwin intends to acquire 100% of the outstanding ownership or right to ownership of D2Fusion, a wholly owned subsidiary of Solar, from Solar in exchange for an aggregate of 30,000,000 shares of Enwin’s common stock in addition to the following conditions:
|X| Enwin make available to D2Fusion working capital of no less than $2,000,000;
|X| Enwin cancel 30,000,000 shares of its issued and outstanding common share capital;
|X| Enwin change its name to “D2Fusion Corp.”;
|X| Enwin permit Solar to nominate two individuals for appointment to its board of directors.
On consummation of the transaction D2Fusion will be a wholly-owned subsidiary of Enwin and Solar will hold a controlling interest in Enwin. The closing of the transaction is expected to take place as soon as is practicable subject to Enwin shareholder approval and full satisfaction of the disclosure requirements of the Securities Exchange Act of 1934, as amended.
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.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) The following exhibits are filed herewith:
Exhibit No. Page No. Description
10 3 Securities Exchange Agreement and Plan of Exchange between Enwin, Solar and D2Fusion, dated May 31, 2007
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Enwin Resources, Inc. Date
By:/s/ Nora Coccaro June 1, 2007
Name: Nora Coccaro
Title: Chief Executive Officer
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