Chinese gold mining company sells 2 million common shares at $0.60
By Devika Patel
Knoxville, Tenn., Feb. 15 - China Shouguan Mining Corp. completed a $1.2 million private placement of stock with Wang Hao on Feb. 8, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 2 million common shares at $0.60 apiece, which is a 52% discount to the $1.25 closing price of the stock on Feb. 14.
China Shouguan is a gold miner based in Shenzhen, China.
| Issuer: | China Shouguan Mining Corp.
|
| Issue: | Common stock
|
| Amount: | $1.2 million
|
| Shares: | 2 million
|
| Price: | $0.60
|
| Warrants: | No
|
| Investor: | Wang Hao
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| Settlement date: | Feb. 8
|
| Stock symbol: | OTCBB: CHSO
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| Stock price: | $1.25 at close Feb. 14 (last trade Aug. 7, 2012)
|
| Market capitalization: | $125 million
|
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