Kingold Jewelry negotiates $10 million at-the-market sales agreement

Offering to be conducted by agent MLV, company reports in SEC filings

By Devika Patel

Knoxville, Tenn., Nov. 19 – Kingold Jewelry, Inc. arranged a $10 million at-the-market issuance sales agreement with MLV & Co. LLC on Nov. 15, according to an 8-K and prospectus supplement filed Monday with the Securities and Exchange Commission.

MLV will be paid a 5% commission.

Proceeds will be used to purchase additional raw materials for products, for working capital and other for general corporate purposes.

Based in Wuhan, China, Kingold designs, manufactures and sells gold jewelry.

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