Amani Consulting Sprl signed a memorandum of understanding to acquire Panex Resources Inc. (OTCPK:DBGF) in a reverse merger transaction on October 22, 2013. Under the terms, Panex will make a payment of $0.1 million to the current shareholders of Amani two months after the successful conclusion of the due diligence. Six months after the commencement date Panex will pay a further $0.3 million to the current shareholders of Amani. On signing of a share purchase agreement, Panex will issue 55% of the share capital in Panex to current partners of Amani. Should Panex identify 3moz (measured and indicated) gold resources at a cut off grade of 2.5g/t, Panex will pay a further $5.35 million to the current shareholders in Amani. On successful completion of the due diligence, Panex will fund a 3,000m RC drilling programmed to test the mineralized potential on the two main target areas mined previously by the Belgians on the Giro Project. Panex may at its discretion withdraw from this agreement by written notice to Amani at any time without penalty.

Amani Consulting Sprl cancelled the acquisition of Panex Resources Inc. (OTCPK:DBGF) in a reverse merger transaction on May 22, 2014.