By Sheri Kasprzak
New York, Jan. 17 - China Natural Gas, Inc. said it received another $2,195,198 from its private placement of units.
The company sold 783,999 units at $2.80 each.
The investors received warrants for 213,422 shares, exercisable at $3.60 each for three years.
New York Global Securities was the placement agent.
On Jan. 9, the company issued 1,921,428 units for proceeds of $5.38 million.
Based in Shaanxi, China, China Natural Gas is a natural gas exploration company.
| Issuer: | China Natural Gas, Inc.
|
| Issue: | Units of stock and warrants
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| Amount: | $2,195,198
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| Units: | 783,999
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| Price: | $2.80
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| Warrants: | For 213,422 shares
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| Warrant expiration: | Three years
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| Warrant strike price: | $3.60
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| Placement agent: | New York Global Securities
|
| Settlement date: | Jan. 13
|
| Stock symbol: | OTCBB: CHNG
|
| Stock price: | $3.70 at close Jan. 13
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