WAI Capital Investments Corp. announced that it has received a Notice of Default from China International Fund Ltd., under the terms of certain convertible debentures issued to CIF. The notice suggests the Company has triggered an event of default under the convertible debentures, and the maturity of the debt has been accelerated.

CIF has requested payment in full of the principal, and all accrued interest, by July 31, 2015. The Company is of the opinion that an event of default has not occurred, and a request has been made to CIF to provide the grounds upon which a default has occurred. To date, no response has been received from CIF and, without a satisfactory explanation, the Company considers the convertible debentures to be in good standing.

For further information regarding the convertible debentures, and the Company's ongoing relationship with CIF, readers are advised to review the Company's news releases of September 4, 2012 and May 1, 2014.