IBITX SOFTWARE INC (OTCMKTS:IBXS) signed a definitive asset purchase agreement to acquire Prospective Gold and Copper Mining Property in Mumbwa Zambia from De Pere En Fils Ltd and Kasni Investments Inc. on October 18, 2018. Under the terms of agreement, the consideration will be paid as 100 million common shares of IBITX Software Inc to De Pere en Fils Ltd, issuance of $5 million worth of debentures, issuance of a $4,000 non-interest convertible debenture into Series A Preferred Shares. The Board of IBITX SOFTWARE INC. has taken over a month to consider the due diligence from the proposition.