Williamsville Sears Management, Inc. (OTCPK:WSML) signed a letter of intent to acquire 60% stake in African Alliance Insurance Plc (NGSE:AFRINSURE) from Conau Limited on May 31, 2018. The transaction is all swap. The deal is subject to the approval by Williamsville Sears Management, Inc. and African Alliance Insurance Plc, the execution of definitive agreements and the achievement of certain other milestones. The transaction is expected to close in August 2018.

Williamsville Sears Management, Inc. (OTCPK:WSML) cancelled the acquisition of 60% stake in African Alliance Insurance Plc (NGSE:AFRINSURE) from Conau Limited on May 31, 2019.