Whitemark Homes, a Florida-based land development firm, has agreed to acquire Bluesky Oil and Gas, a natural gas production company.

Upon completion of the acquisition, Bluesky will merge with Whitemark Homes and Bluesky will become the surviving operating entity. The company will be filing an information statement with the Securities and Exchange Commission relating to the merger. The transaction is expected to be completed in the next 30 days.

Alvin Liknes, president and CEO of Bluesky Oil and Gas, said: We are pleased to leverage the public financial markets to fund our expansion. It is my hope and desire that our business model and technology will be well received by the investment community.