Pepcap Ventures Inc. (TSXV:WAV.P) entered into a letter of intent to acquire 51% stake in Asia Mining Management, B.V. from JMC Corporation Ltd HK for $4.2 million in stock on July 9, 2013. As per the transaction, $4.2 million will be paid in common shares by Pepcap. Pepcap will make a $0.025 non-refundable deposit to JMC. On closing, Pepcap is expected to change its name to Veyron Resources Inc. or any such name agreed by the parties. Upon completion the directors and senior officers of Pepcap are anticipated to be: Clark Swanson, Chairman; Claus Andrup, President and CEO; Edward Rochette, Director, Chandra Reddy, Director and Saliba Sassine, Director. The transaction is subject to execution of definitive agreement, regulatory approval, including the approval of the Exchange, and standard closing conditions, including the approval of the directors of each of JMC and Pepcap. The transaction is also subject to completion of due diligence investigations by JMC and Pepcap.

Asia Mining Management, B.V. entered into a share exchange agreement to acquire Pepcap Ventures Inc. (TSXV:WAV.P) in a reverse merger transaction on March 31, 2015. Pepcap will issue 26.7036 million shares to acquire 0.01 million shares representing 51% stake in Asia Mining Management. B.V. Pepcap will issue 18.85 million shares to JMC Corporation and 7.85 million shares to Azure Global HK Ltd. The agreement states that if the valuation of certain mining concessions in Sumatra is more than CAD 5.6 million ($4.48 million) on a future specified date and if certain other conditions are met, Pepcap Ventures will issue additional shares representing 20% bonus on the incremental value above CAD 5.6 million of the mining concessions Pepcap will also issue 1.85 million warrants to certain consultants in consideration for prior services provided to the Corporation in connection with the transaction.

Upon completion of the agreement, subject to shareholder and regulatory approvals, the combined company intends to change its name to Pepcap Resources, Inc. The transaction is also subject to completion of CAD 8.5 million ($6.81 million) private placement and resignation of all Directors and officers of Pepcap, except Clark Swanson and Claus Andrup as Directors only. The transaction is expected to close by April 30, 2015. As announced on April 7, 2015, the transaction is approved by the Toronto Stock Exchange. The Toronto Stock Exchange also granted Pepcap an exemption from the Exchange's sponsorship requirement. Robb McNaughton of Borden Ladner Gervais LLP acted as legal advisors for Pepcap Ventures and Asia Mining Management.

Asia Mining Management, B.V. completed the acquisition of Pepcap Ventures Inc. (TSXV:WAV.P) in a reverse merger transaction on April 30, 2015. As a condition to and prior to the closing of the qualifying transaction, Pepcap Ventures Inc. completed a brokered private placement on April 29, 2015 of 6,500 subscription receipts of the Pepcap Ventures Inc. for gross proceeds of CAD 650,000. Richard King, Gary Swanson and Victor Dusik resigned as Directors of the Corporation and Edward Rochette, Margaret Wee and Saliba Sassine were appointed as Directors of the Corporation. Clark Swanson will remain as President, Chief Executive Officer and a Director of Pepcap, Gavin Cooper as Chief Financial Officer and Corporate Secretary of Pepcap and Soebali Sudjie as Vice President, Business Development of Pepcap. The proceeds from the Brokered offering had been held in escrow by Alliance Trust Company and were released to Pepcap Ventures in connection with the closing of the qualifying transaction.