Williamsville Sears Management, Inc. (OTCPK:WSML) signed a letter of intent to acquire True Life Capital Microfinance Limited on May 30, 2018. The transaction is structured as all stock transaction. The transaction is subject to approval of definitive documents by both Williamsville and True Life. The transaction also requires approval from Bank of Ghana and is expected to complete in August 2018. Williamsville Sears Management, Inc. (OTCPK:WSML) cancelled the acquisition of True Life Capital Microfinance Limited on May 30, 2019.