New Issue: AgFeed announces $25.2 million stock offering

By Devika Patel

Knoxville, Tenn., April 24 - AgFeed Industries, Inc. has priced a $25.2 million direct offering of shares in a prospectus supplement filed Thursday with the Securities and Exchange Commission.

The company will sell 1,322,836 common shares at $19.05 apiece.

Rodman & Renshaw, LLC is the agent and will receive a $638,400.59 fee. Settlement is expected Friday.

Proceeds will be used to acquire additional producing commercial hog farms in China and for general corporate purposes.

AgFeed, based in Beijing, produces animal feed.

Issuer:	AgFeed Industries, Inc.
Issue:	Common shares
Amount:	$25,200,025.80
Shares:	1,322,836
Price:	$19.05
Warrants:	No
Agent:	Rodman & Renshaw, LLC
Fees:	$638,400.59
Pricing date:	April 24
Settlement date:	April 25
Stock symbol:	Nasdaq: FEED
Stock price:	$19.02 at close April 21

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