New Issue: China Housing & Land stock sale raises $1.08 million

By Sheri Kasprzak

New York, July 6 - China Housing & Land Development, Inc. settled a private placement for $1,075,000.

The company sold 330,769 shares at $3.25 each to a group of accredited investors.

The investors also received warrants for 99,231 shares, exercisable for three years at $3.60 each.

New York Global Securities, Inc. was the placement agent.

Based in Shaanxi, China, China Housing is a real estate development company focused on properties in China.

Issuer:	China Housing & Lane Development, Inc.
Issue:	Stock
Amount:	$1,075,000
Shares:	330,769
Price:	$3.25
Warrants:	For 99,231 shares
Warrant expiration:	Three years
Warrant strike price:	$3.60
Placement agent:	New York Global Securities, Inc.
Settlement date:	June 28
Stock symbol:	OTCBB: CHLN
Stock price:	$3.50 at close June 28

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