WAI Capital Investments Corp. announced that it has received CAD 3 million in funding from China International Fund Limited
On September 7, 2012, the company announced that TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of the transaction for CAD 2,000,000 of convertible debentures. The placees beneficial ownership of common shares of the company will not exceed 19.9% of the issued and outstanding common shares of the company at the time of exercise.
On September 13, 2012, the company announced that it has received CAD 1,000,000 in first tranche of the transaction. The company has also recorded interest expense of CAD 3,507 for the period ending September 30, 2012.
On October 9, 2012, the company announced that its legal counsel is trying to get an agreement signed for the transaction.
On October 24, 2012, the company announced that it has received CAD 1,000,000 in second tranche of the transaction.
In the year ended December 31, 2012, WAI Capital Investments Corp. (TSXV:WAI.H) closed the transaction. The company has received CAD 3,000,000 in funding. The company was yet to sign definitive purchase agreement.