China Sky One Medical gets $25mn in pvt. placement
Date:2008/02/21 Source:
China Sky One Medical, a manufacturer, marketer and distributor of pharmaceutical, medicinal and diagnostic products in China has said that it has successfully closed $25 million in a private placement of 2.5 million shares of the company's common stock, with 30% warrant coverage. The warrants have an exercise price of $12.50 per share and a term of 3 years.
The common stock issued in the private placement has not been registered under the Securities Act of 1933, as amended, and may not be subsequently offered or sold by the investors in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements. China Sky One Medical has agreed to file a registration statement covering the resale by the investors of the common stock issued in the private placement.
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