JD International settles $736,400 of $1.35 million placement of stock

Deal sells 1,346,600 common shares at about $1.00 to foreign investors

By Devika Patel

Knoxville, Tenn., Sept. 23 – JD International Ltd. raised $736,400 in the third tranche of a private placement of stock with foreign investors between Aug. 5 and Sept. 6, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The deal raised $380,400 between July 23 and Aug. 19 and $229,800 between July 30 and Aug. 29 for total proceeds of $1.35 million.

The company sold 1,346,600 common shares at $1.00 per share, which is identical to the July 22 closing share price. It sold 380,400 shares in the first tranche, 229,800 shares in the second and 736,400 shares in the third tranche.

The blank-check company is based in Tsuen Wan, Hong Kong.

Issuer:	JD International Ltd.
Issue:	Common stock
Amount:	$1,346,600
Shares:	1,346,600
Price:	$1.00
Warrants:	No
Investor:	MP West Canada SAS
Settlement date:	July 23 through Aug. 19 (for $380,400), July 30 and Aug. 29 (for $229,800), Aug. 5 through Sept. 6 (for $736,400)
Stock symbol:	OTCBB: JDID
Stock price:	$1.00 at close July 22

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