M Consultant Company Limited entered into a sale and purchase agreement to acquire the assets of Amanta Resources Ltd. for $2 million on February 5, 2015. Under the terms, M Consultant Company Limited will make an initial payment of $0.3 million of which M Consultant will remit the sum of $0.13 million to the Government in respect of outstanding land rental and other contractual payments and the balance of $0.18 million will be paid directly to Amanta and remaining $1.7 million on completion of the transaction. Post completion, Amanta’s sole asset will be cash and some incidental amounts receivable. The transaction is subject to approval from Amanta's shareholders, Amanta's board of directors, TSX Venture Exchange, the consent of the Lao Government and satisfactory confirmation that M Consultant has sufficient funds on hand to complete the transaction. Amanta has received conditional acceptance of the transaction from the exchange. Amanta's board of directors has also recommended the deal. M Consultant Company Limited cancelled the acquisition of the assets of Amanta Resources Ltd. on July 13, 2016.