JD International wraps $229,800 tranche of $610,200 placement of stock

Deal sells 610,200 common shares at about $1.00 to foreign investors

By Devika Patel

Knoxville, Tenn., Sept. 16 – JD International Ltd. raised about $229,800 in the second tranche of a private placement of stock with foreign investors between July 30 and Aug. 29, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal raised about $380,400 between July 23 and Aug. 19 for total proceeds of about $610,200.

The company sold 610,200 common shares at about $1.00 per share, which is identical to the July 22 closing share price. It sold 380,400 shares in the first tranche and 229,800 shares in the second.

The blank-check company is based in Tsuen Wan, Hong Kong.

Issuer:	JD International Ltd.
Issue:	Common stock
Amount:	$610,200 (approximate)
Shares:	610,200
Price:	$1.00 (approximate)
Warrants:	No
Settlement date:	July 23 through Aug. 19 (for $380,400), July 30 and Aug. 29 (for $229,800)
Stock symbol:	OTCBB: JDID
Stock price:	$1.00 at close July 22

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