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Article: American Lorain Announces Closing of $12 Million Private Placement.
- Article from:
- PR Newswire
- Article date:
- November 3, 2009
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Proceeds Will Fund Nationwide Commercial Campaign to Promote Lorain
Convenience Foods and Chestnut Products in China
JUNAN COUNTY, China, Nov. 3 /PRNewswire-Asia-FirstCall/ -- American Lorain Corporation (NYSE Amex: ALN), an international processed foods company based in Shandong Province, People's Republic of China, announced today that it has consummated a previously disclosed private placement transaction in which it successfully raised approximately $12 million in gross proceeds through the sale of its common stock and warrants to several accredited investors. Additional information regarding the private placement transaction, including the ...