Published on 10/20/2009 in the Prospect News PIPE Daily.
New Issue: China Infrastructure raises $10 million via private placement of shares
By Devika Patel
Knoxville, Tenn., Oct. 20 - China Infrastructure Construction Corp. said it settled a $10 million private placement of stock on Oct. 16.
The company sold approximately 2,564,103 common shares at $3.90 per share via agent Hunter Wise Securities, LLC.
The Denver-based company produces ready-mix concrete materials in Beijing.
| Issuer: | China Infrastructure Construction Corp.
|
| Issue: | Common stock
|
| Amount: | $10 million
|
| Shares: | 2,564,103 (approximate)
|
| Price: | $3.90
|
| Warrants: | No
|
| Agent: | Hunter Wise Securities, LLC
|
| Settlement date: | Oct. 16
|
| Stock symbol: | OTCBB: CHNC
|
| Stock price: | $4.00 at close Oct. 19
|
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