New Issue: LJ International settles $5.5 million private placement of stock

By Sheri Kasprzak

New York, Sept. 27 - LJ International Inc. concluded a private placement of stock for $5,500,005.

The company issued 1,466,668 shares at $3.75 each to a group of institutional investors.

The investors received warrants for 366,668 shares, exercisable at $4.50 each for five years and warrants for 236,909 shares, exercisable at $4.22 each for 90 days after the registration statement is declared effective.

Proceeds will be used to expand the company's retail jewelry chain in China.

Based in Hong Kong, LJ International is a jewelry company.

Issuer:	LJ International Inc.
Issue:	Stock
Amount:	$5,500,005
Shares:	1,466,668
Price:	$3.75
Warrants:	For 603,577 shares
Warrant expiration:	Five years for 366,668 shares; 90 days after registration statement is effective for 236,909 shares
Warrant strike price:	$4.50 for 366,668 shares; $4.22 for 236,909 shares
Settlement date:	Sept. 27
Stock symbol:	Nasdaq: JADE
Stock price:	$3.85 at close Sept. 26

© 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.