Brief: Bat Group Says Entered Securities Purchase Agreement With Non-U.S. Persons

BAIYU Holdings

23/01/2020 24:16

Jan 22 (Reuters) - Bat Group Inc  GLG.O :
    * BAT GROUP INC -  ENTERED INTO CERTAIN SECURITIES PURCHASE
AGREEMENT WITH CERTAIN NON-U.S. PERSONS - SEC FILING
    * BAT GROUP INC -  PURSUANT TO SPA, CO AGREED TO SELL AN
AGGREGATE
OF 15 MILLION SHARES AT $0.90/SHARE
    * BAT GROUP INC - PROCEEDS OF OFFERING SHALL BE USED IN
CONNECTION
WITH PLANNED COMMODITIES TRADING BUSINESS, GENERAL PURPOSES
    * BAT GROUP INC - ALSO  ENTERED INTO CERTAIN SECURITIES
PURCHASE
AGREEMENT
    * BAT GROUP-AGREED TO SELL UNSECURED SENIOR CONVERTIBLE
PROMISSORY
NOTES OF $30 MILLION ACCOMPANIED BY WARRANTS TO BUY SHARES
ISSUABLE UPON NOTES CONVERSION
    * BAT GROUP INC - PURSUANT TO NOTES SPA, WARRANTS WILL BE
EXERCISABLE IMMEDIATELY UPON DATE OF ISSUANCE AT EXERCISE PRICE
OF $1.80 FOR CASH
    * BAT GROUP INC -  PURSUANT TO AGREEMENT WITH SHENZHEN
QIANHAI, CO
PURCHASED ABOUT 55 TONS OF ALUMINUM INGOTS AT A PRICE OF
RMB14195 PER TON

Source text: (https://bit.ly/2sOsF3w)
Further company coverage:  GLG.O 

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