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Tracking 1053 U.S. listed China Stocks and Counting...
Tracking 1535 U.S. Stocks and Counting...
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Golden Century Tech Corp (OTC BB:GCYT)
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Liquidity Requirements
Sunday, July 17, 2011
On July 12, 2011, we entered into two
convertible loan agreements
with two investors (the “Lenders”) to make available to the Company loans of up to HKD $2,000,000 and HKD $1,200,000, respectively, advanced in one installment each, which amounts, plus 10% per annum accrued interest, are convertible into shares of common stock of the Company at a price of USD $0.60 per share for a period of one year.
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