Titanium Sands Limited (ASX:TSL) executed a Binding Term Sheet to acquire James Global (Pvt) Ltd for $2.1 million on May 2, 2023. The terms of the acquisition will consist of the payment of up to $1,200,000 in cash and the issue of up to 140,000,000 fully paid ordinary shares. The transaction is subject to consummation of due diligence, execution of formal agreements for the transaction, Approval of offer by acquirer shareholders, obtaining all required or desirable regulatory approvals and acquirer raising funds to fulfil its payment obligations under the acquisition.

Transaction is expected to complete on September 8, 2023.