KMT-Hansa Corp. (TSXV:KMC.H) entered into a non-binding letter of intent to acquire 50% of QXCENTURY Ventures Ltd. for $5 million on August 15, 2019. The consideration will include 60,367,045 common shares. KMT-Hansa Corp. closed a bridge financing of $0.62 million with HDD Investment Holdings Corp. The proceeds of the financing will be used to fund KMT-Hansa's expenses associated with the closing of HDD's Lumuwan Forest Farm property and QXCENTURY Ventures Ltd. transactions . The transaction is subject to requisite KMT's shareholders' and regulatory approval, including the approval of the TSX Venture Exchange and standard closing conditions, including the completion of due diligence investigations to the satisfaction of each of QXVC and KMT. KMT-Hansa Corp. (TSXV:KMC.H) cancelled the acquisition of 50% of QXCENTURY Ventures Ltd. on December 4, 2019. After the completion of KMT-Hansa Corp's due diligence on the transaction, KMT-Hansa Corp felt it was in its best interest to terminate the QXVC LOI.