Paradigm Resource Management Corporation (OTCPK:PRDC) signed a memorandum of understanding to acquire 30% stake in TOSS Plasma Technologies Limited from AMSA Development Technology Co. Ltd. in stock on July 17, 2013. Under the terms of deal, Paradigm Resource Management will issue as consideration new shares that will represent 20% of its share capital.

Ozaki will be replacing David M. Price as the new Chief Executive Officer of Paradigm Resource. The transaction is expected to close on or before July 31, 2013.