January 11, 2013 at 06:07 AM EST
Kingold Jewelry Announces Sale of 7M Shares at $1.80/Share to Chinese Investors
Kingold Jewelry. (NASDAQ: KGJI ) today announced that the Company has entered into a Subscription Agreement ("Agreement") with three individuals providing for the sale of 7,000,000 shares of its common stock at a price of $1.80 per share for gross proceeds of $12,600,000. The Company also issued to the investors,
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