Amseco Exploration Ltd (TSXV:AEL) signed an agreements in principle to acquire Manenga Mining Potash SA from Serge Nana for CAD 2.8 million, in stock, on February 10, 2014. Under the terms, Amesco will issue a total of 80 million common shares as consideration. As a part of transaction, Amseco's current board and management will continue to operate and Serge Nana will be appointed as Amseco's Director. The transaction is subject to the satisfaction of all applicable listing requirements of the exchange, TSX Venture Exchange approval, shareholder approval, a satisfactory due diligence review by Amseco, receipt of a report completed in accordance with National Instrument 43-101; completion or waiver of sponsorship and the approval of the Board of Directors of Amseco. As od November 25, 2014, Amseco Exploration is still working on the financing of the exploration campaign and keeping the agreement in good
standing in order to protect all of its rights thereunder.