date:May 06, 2014
s.
The term of the agreement is one year, and can be extendable by both parties. GIC will also have the option to exchange both the principal and all accrued interest into 245.5 million issued and outstanding shares of CNPF.
If and when the exchange option is exercised, GIC will own about 11% of CNPF's issued and outstanding shares.
CCC and CNPF president and CEO Christopher Po said, The financing provided by this transaction will allow us to support our various businesses, including Century