Cabral Resources Limited announced that it has signed a binding term sheet (Term Sheet) with the major shareholders of Tapit Media Pty Ltd. to facilitate a transaction for the purchase of 100% of the issued share capital in Tapit Media. Following completion of the transaction, the board of AirmarketTM will comprise of Tapit Media key management personnel Jamie Conyngham and Andrew Davis (both as executive directors), who will join existing directors Eddie King and Steve Formica. Steve Brockhurst will remain as Cabral's company secretary and Greg D'Arcy will resign from the board at completion. Jamie Conyngham's career spans 28 years in technology, with the past 16 years spent in international mobile start-ups, including Telcogames and iobox. With experience acquiring and selling companies in this space, he has previously raised institutional investment from the UK, Sweden, Israel and Australia. Based in New York, Andrew Davis has spent his career at the intersection of media, marketing and technology, working as a senior executive with global brands including Coca-Cola, Unilever and Microsoft. With extensive experience in media and marketing as well as brand development, Andrew has a proven track-record developing relationship with blue-chip companies.