New Issue: Rodobo International settles private placement of stock for $3 million

By Devika Patel

Knoxville, Tenn., June 23 - Rodobo International, Inc. settled a $3 million private placement of stock on June 17, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 1,111,112 common shares at $2.70 apiece and warrants for 555,556 shares. The warrants are exercisable at $3.50 until June 17, 2015.

Rodman & Renshaw, LLC was the agent. FT Global Capital, Inc. was co-placement agent.

Proceeds will be used for general corporate purposes.

Rodobo is a Harbin, China, producer and distributor of powdered milk formula products.

Issuer:	Rodobo International, Inc.
Issue:	Common stock
Amount:	$3 million
Shares:	1,111,112
Price:	$2.70
Warrants:	For 555,556 shares
Warrant expiration:	June 17, 2015
Warrant strike price:	$3.50
Agents:	Rodman & Renshaw, LLC, FT Global Capital, Inc. (co-placement agent)
Settlement date:	June 17
Stock symbol:	OTCBB: RDBO
Stock price:	$3.24 at close June 17

© 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.