Brief: China Jo-Jo Drugstores Announces $10 Mln Registered Direct Offering

Ridgetech

11/04/2019 14:29

April 11 (Reuters) - China Jo-Jo Drugstores Inc  CJJD.O :
    * CHINA JO-JO DRUGSTORES ANNOUNCES $10 MILLION REGISTERED
DIRECT
OFFERING
    * CHINA JO-JO DRUGSTORES INC - ISSUANCE OF 4 MILLION SHARES
OF
COMMON STOCK AT A PURCHASE PRICE OF $2.50 PER SHARE
    * CHINA JO-JO DRUGSTORES INC - ALSO AGREED TO ISSUE TO
INVESTORS
UNREGISTERED WARRANTS TO PURCHASE UP TO 3 MILLION SHARES OF
COMMON STOCK
    * CHINA JO-JO DRUGSTORES INC - WARRANTS WILL HAVE A TERM OF
FIVE
AND ONE HALF YEARS; WILL HAVE AN EXERCISE PRICE OF $3.00 PER
SHARE.

Source text for Eikon:  ID:nPn3YCjzTa 
Further company coverage:  CJJD.O 

 ((Reuters.Briefs@thomsonreuters.com;))