China Select Capital Partners Corp. (TSX-V: CH) has closed a private placement under which it issued 2,500,000 units for $0.20 per unit resulting in a total of $500,000 in gross proceeds.
The terms of the private placement were identical to its last round of financing which was completed in connection with the closing of the qualifying transaction. Each unit contains 1 unissued common share and ½ of a share purchase warrant. A whole warrant enables its holder to acquire 1 additional common share for $0.40 per common share any time until May 20, 2011 and following that date at a price of $0.60 per common share until May 20, 2012.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
China Select plans to use their proceeds mainly for licensing fees related to the Company’s application and license to manage RMB-denominated private equity funds in China.
China Select Capital Partners is a Canada-based investment issuer and asset management firm focused on facilitating foreign investment in the private equity RMB fund industry.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
