Santa Fe Resource Development, Inc. signed an agreement in principal to acquire Veracity Management Global, Inc. (OTCPK:VCMG) in a reverse merger transaction on August 31, 2015. Santa Fe Resource Development, Inc. signed an agreement to acquire Veracity Management Global, Inc. on November 20, 2015. Under the terms of the transaction, it is required to effect a 1-20 reverse split of the stock resulting in 18 million shares outstanding following the merger.

Post transaction Veracity Management Global, Inc., will change its name to Santa Fe Resource Development, Inc. The name change has been approved by the Board of Directors of Veracity Management Global, Inc. The transaction is subject to shareholder approval of Veracity Management Global, Inc.