CIM International Group Inc. (CNSX:CIM) entered into an agreement in principle to acquire additional outstanding limited partnership units of CIM Mackenzie Creek Limited Partnership from Shang Titlist Investment Inc, CIM Investment & Development LP and Global King Inc. on January 13, 2020. The aggregate consideration for the transaction and a related transaction involving the purchase of all of the issued and outstanding common shares in the capital of CIM Invests Development Inc. is CAD 1. The Director participating to the agreement declared his conflict of interest and did not vote on the subject matter. As of August 18, 2020, CIM International Group Inc. completed the acquisition of stake owned by Shang Titlist Investment Inc. and CIM Investment & Development LP representing approximately 98.6% of the outstanding units of CIM Mackenzie Creek Limited Partnership.