China Gold Pte Ltd has acquired an additional 1,497,600 common shares in the capital of Asia Now Resources Corp at a deemed price of $0.05 per share to settle quarterly interest payment obligations accrued from October 1 to December 31, 2014 in the aggregate amount of $74,880.
The transaction comes under the $2.496 million in aggregate principal amount of senior unsecured convertible debentures of Asia Now held by China Gold.
China Gold’s ownership of shares has increased to 60,735,104, which represents approximately 52.22% of Asia Now’s issued and outstanding shares, calculated on a non-diluted basis.
In the event that the $2.496 million in aggregate principal amount of the debentures are converted into shares as at the date hereof, and assuming no options are exercised, China Gold would hold approximately 63.85% of Asia Now’s issued and outstanding shares.
China Gold completed the transaction for investment purposes only and may acquire further debentures or shares, or dispose of its holdings of debentures or shares, as investment conditions warrant.