CHINA NATURAL RESOURCES, INC. ANNOUNCES THE CLOSING OF REGISTERED DIRECT PLACEMENT OF $3.27 MILLION OF COMMON SHARES AND PRIVATE PLACEMENT WARRANTS
China Natural Resources, Inc. - Common Shares (CHNR)
US:NASDAQ Investor Relations:
chnr.net/display.php?cid=21
Company Research
Source: PR Newswire
HONG KONG, Feb. 21, 2024 /PRNewswire/ -- CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR) (the "Company") today announced that it closed the registered direct placement of approximately $3.27 million of common shares at a price of $2.20 per share on February 21, 2024, as previously announced on February 16, 2024. The Company issued a total of 1,487,870 common shares to the institutional investors participating in the offering. In a concurrent private placement, the Company also issued warrants ("Warrants") to the investors, initially exercisable for the purchase of up to 1,115,903 common shares at an exercise price of $3.00 per share, which Warrants have a term of 42 months from the date of issuance.The net proceeds from this offering will be used for general corporate purposes.FT Global Capital, Inc. acted as the exclusive placement agent for the transactions.Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as counsel to the Company and Sheppard Mullin Richter & Hampto
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News
- China Natural Resources, Inc. (NASDAQ: CHNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- China Natural Resources, Inc. (NASDAQ: CHNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- China Natural Resources, Inc. (NASDAQ: CHNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- China Natural Resources, Inc. (NASDAQ: CHNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- China Natural Resources, Inc. (NASDAQ: CHNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
CHNR
Sec Filings
- 3/18/24 - Form F-1
- 3/8/24 - Form D
- 2/23/24 - Form 6-K
- CHNR's page on the SEC website