By Devika Patel
Knoxville, Tenn., Jan. 18 - China Education Resources Inc. raised C$2.3 million in a non-brokered private placement of units. The deal priced Jan. 8.
The company sold 4.6 million units at C$0.50 apiece to Keywise Capital Management Co. and other investors. Each unit consists of one common share.
Based in Beijing, China Education Alliance is an e-learning and online education company.
| Issuer: | China Education Resources Inc.
|
| Issue: | Units of one common share
|
| Amount: | C$2.3 million
|
| Units: | 4.6 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Keywise Capital Management Co.
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 17
|
| Stock symbol: | TSX Venture: CHN
|
| Stock price: | C$0.40 at close Jan. 7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
