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GLOBALINK, LTD. FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events

May 12, 2014



Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On May 1, 2014, the registrant received a loan from Hin Kwok Sheung, director and CEO of the registrant. Mr. Sheung has extended a demand loan to the registrant for $300,000 with an annual interest rate of 2%. The loan is due on demand.

Item 8.01 - Other Events



On May 1, 2014, the registrant announced that it will be expanding the website of its wholly-owned subsidiary OneWorld Hotel Destination Services Inc. and will be developing a workable and efficient website for its own marketing and for furthering exposure and investor awareness of their business developments.

On May 1, 2014, the registrant announced that it was in the contract stage to acquire 20% of the world's supply of Gingko leaves and will be developing a natural health maintenance system derived from Gingko leaves, which will include Gingko Biloba products.

On April 24, 2014, the BC Securities Commission revoked the cease trade order that was levied on the registrant on May 10, 2011 due to the registrant's financial inability to comply with the SEDAR filing requirements for the years of 2011 through 2013. As of February 2014, the registrant has back filed and updated all required filings. Canadian shareholders may against trade in the markets and the registrant may again raise capital in British Columbia.

9.01 - Financial Statements and Exhibits

99 - Press release dated May 1, 2014


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Source: Edgar Glimpses


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