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TORONTO, ONTARIO--(Marketwired - April 22, 2013) - China Green Star Agricultural Corporation (TSX VENTURE:GRE) ("Green Star" or the "Corporation") today announced that it has entered into a shareholder loan transaction with Mr. Guan Lianyun ("Mr. Guan") whereby Mr. Guan agreed to loan the Corporation up to C$1.5 million, to fund the ongoing expenses of the Corporation' s Canadian operation. The loan is unsecured, bears no interest and will be payable on April 19, 2016. The Corporation may repay any amount of the principal outstanding or all of the loan without bonus or penalty at any time before April 19, 2016. As at the date of the loan, a total of C$545,916.73 had been advanced by Mr. Guan to the Corporation. |
