New Issue: RINO International plans $100 million registered direct stock offering

By Devika Patel

Knoxville, Tenn., Dec. 2 - RINO International Corp. reported that agent Rodman & Renshaw, LLC will assist the company with a $100 million registered direct offering of stock in an 8-K filed Wednesday with the Securities and Exchange Commission.

The company will sell 3,252,033 common shares at $30.75 per share. The investors also will receive two series of warrants. The series A warrants are exercisable for 1,138,212 shares at $34.50 until June 2, 2010. The series B warrants are exercisable for 1,138,212 shares at $34.50 until Dec. 3, 2010.

Settlement is expected Dec. 7.

Proceeds will be used for general corporate purposes and working capital requirements.

RINO is a Dalian, China, environmental protection and remediation company.

Issuer:	RINO International Corp.
Issue:	Common shares
Amount:	$100 million
Units:	3,252,033
Price:	$30.75
Warrants:	Series A warrants for 1,138,212 shares, series B warrants for 1,138,212 shares
Warrant expiration:	June 2, 2010 (series A), Dec. 3, 2010 (series B)
Warrant strike price:	$34.50
Agent:	Rodman & Renshaw, LLC
Pricing date:	Dec. 2
Settlement date:	Dec. 7
Stock symbol:	Nasdaq: RINO
Stock price:	$33.26 at close Dec. 1
Market capitalization:	$780 million

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