Peat Resources Limited (TSXV:PET) signed a binding letter of intent to acquire Belair African Metals SARL from Belair Maniema Corp for CAD 0.38 million on December 11, 2017. Peat Resources entered into a definitive share purchase agreement to acquire Belair African Metals SARL on January 18, 2018. As a part of consideration, Peat Resources will issue 15 million of its common shares. The deal is subject to certain standard conditions including, but not limited to, completion of satisfactory due diligence, receipt of all necessary corporate and regulatory approvals and the execution of a definitive share purchase agreement. As of February 7, 2018, the Board of Peat Resources unanimously recommended the shareholders to approve the deal. As of March 13, 2018, the shareholders of Peat Resources unanimously approved the acquisition. Peat Resources Limited (TSXV:PET) completed the acquisition of Belair African Metals SARL from Belair Maniema Corp on April 5, 2018. As of April 5, 2018, regulatory approval for the transaction was received. As of April 11, 2018, Cobalt Blockchain Inc. (TSXV:COBC) issued 15 million shares as consideration for the acquisition following the receipt of regulatory approval. As of April 13, 2018, TSX Venture Exchange approved the transaction.