NOTE 9 - SHAREHOLDER LOAN

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

NOTE 9 - SHAREHOLDER LOAN

NOTE 9 SHAREHOLDER LOAN

	March 31 2016	December 31 2015
	US$	US$
Shareholder loan	2,000,000	2,000,000

This long term shareholder loan is due to Central High Limited, a major shareholder of the Company. This loan is unsecured and repayable on November 25, 2017, and bears interest of 8% per annum. The accrued interest for the three months ended March 31, 2016 was $40,000 (2015: $40,000).