Vatic Ventures Corp. has entered into an assignment and purchase agreement to acquire 80% of the issued and outstanding shares of Saksrithai Development Co. Ltd. Pursuant to the Agreement the Company is acquiring the rights of Red Branch Investments Ltd. to acquire the Shares pursuant to a memorandum of understanding entered into among the holders of the Shares of Saksrithai, Saksrithai and Red Branch dated February 26, 2016 which is in the process of being superseded by a share purchase agreement. Upon closing of the transaction Gerry Wright, the principal of Red Branch, will be joining the board of directors of the company. He has over 30 years’ experience in the minerals exploration and development industry in Asia, North America, Europe and Africa, serving as a Senior Officer and Director of a number of public and private companies.