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Article: China Nutrifruit Group Limited Raises $11.86 million in Private Placement.
- Article from:
- PR Newswire
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DAQING, HEILONGJIANG PROVINCE, China, Oct. 1 /PRNewswire-Asia-FirstCall/ - - China Nutrifruit Group Limited (NYSE Amex: CNGL) ("China Nutrifruit" or "the Company"), a leading producer of premium specialty fruit based products in China ("PRC"), today announced the initial closing of a private placement financing with a group of accredited investors for 359,502 units at a purchase price of $33.00 per unit, each consisting of one share of the Company's newly- designated Series A Convertible Preferred Stock and a warrant to purchase 2.5 shares of the Company's common stock. In connection with the initial closing of the offering, the Company received an aggregate gross ...