China Natural Resources, Inc. Announces Entry into Agreement for Registered Direct Placement of $7.3 Million of Common Shares and Private Placement Warrants
HONG KONG, Jan. 20, 2021 /PRNewswire/ -- CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR) (the "Company") announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of approximately
FT Global Capital, Inc. acted as the exclusive placement agent for the transactions. The common shares are being offered through a prospectus supplement pursuant to the Company's effective shelf registration statement and the base prospectus contained therein. A shelf registration statement (SEC Filing No. 333-233852) relating to these securities has been filed with and was declared effective by the Securities and Exchange Commission (the "SEC") on November 20, 2019.
A prospectus supplement related to the offering of the common shares will be filed with the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.
For further details of this transaction, please see the Form 6-K to be filed with the SEC.
About China Natural Resources:
China Natural Resources, Inc., a British Virgin Islands corporation, through its operating subsidiaries in the PRC, is currently engaged in (a) the acquisition and exploitation of mining rights in Inner Mongolia, including preliminary exploration for lead, silver and other nonferrous metal, and (b) copper trading in the PRC, and is actively exploring business opportunities in the healthcare and other non-natural resources sectors.
Forward-Looking Statements:
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's reports that are filed or furnished with the SEC and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE China Natural Resources, Inc.