By Devika Patel
Knoxville, Tenn., Jan. 18 - China Education Resources Inc. raised C$2.3 million in a non-brokered private placement of units. The deal priced Jan. 8.
The company sold 4.6 million units at C$0.50 apiece to Keywise Capital Management Co. and other investors. Each unit consists of one common share.
Based in Beijing, China Education Alliance is an e-learning and online education company.
Issuer: | China Education Resources Inc.
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Issue: | Units of one common share
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Amount: | C$2.3 million
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Units: | 4.6 million
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Price: | C$0.50
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Warrants: | No
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Agent: | Non-brokered
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Investor: | Keywise Capital Management Co.
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Pricing date: | Jan. 8
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Settlement date: | Jan. 17
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Stock symbol: | TSX Venture: CHN
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Stock price: | C$0.40 at close Jan. 7
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