Attached files
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8-K - FORM 8-K - Rodobo International Inc | rodo_8k.htm |
EX-4.1 - EXHIBIT 4.1 - Rodobo International Inc | ex4x1.htm |
EX-10.2 - EXHIBIT 10.2 - Rodobo International Inc | ex10x2.htm |
EX-10.1 - EXHIBIT 10.1 - Rodobo International Inc | ex10x1.htm |
Exhibit 99.1
Rodobo
International, Inc. Raises $3.0 Million From Institutional Investors Through
Private Placement
HARBIN,
China, June 18, 2010— PRNewswire-Asia-FirstCall/ -- Rodobo International, Inc.
(the “Company” or “Rodobo”) (OTC Bulletin Board: RDBO.OB - News), announced today
that it has signed an agreement with various institutional investors for the
private placement of an aggregate of 1,111,112 shares of its common stock and
warrants to purchase 555,556 shares of its common stock for an aggregate
purchase price of $3,000,000, or $2.70 per share. The warrants are
immediately exercisable following issuance, have a term of exercise of 5 years
and an exercise price of $3.50 per share.
The
transaction is expected to be consummated on June 21, 2010. The Company intends
to use the proceeds of the private placement for general corporate purposes,
which may include working capital, capital expenditures, acquisitions of new
businesses and investments.
Rodman
& Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital
Group, Inc. (Nasdaq: RODM - News), served as the
Company's lead placement agent and FT Global Capital, Inc. served as the
Company’s co-placement agent for the transaction.
The
shares and warrants offered in the private placement and the shares issuable
upon the exercise of the warrants have not been registered under the Securities
Act of 1933, as amended, or state securities laws, and may not be offered or
sold in the United States without being registered with the Securities and
Exchange Commission (“SEC”) or through an applicable exemption from SEC
registration requirements. The shares of common stock and warrants were offered
only to accredited investors. The Company has agreed to file a registration
statement with the SEC covering the securities issued in the offering and
issuable upon the exercise of the warrants within thirty days of the date of the
registration rights agreement entered into in connection with the transaction.
Any offering of the Company’s securities under the resale registration statement
referred to above will be made only by means of a prospectus.
About
Rodobo International, Inc.:
Rodobo
International, Inc. is one of the leading non-state-owned dairy companies in
China. Through its wholly-owned operating subsidiaries and variable interest
entity, Rodobo International, Inc. is a producer and distributor of high-quality
formula milk powder products for infants, children, the middle-aged and the
elderly in China. The Company's products are sold under the brand names
“Rodobo”, “Healif” and “Peer” and are produced in cutting edge facilities under
superior quality control systems and in compliance with high industry
standards.
Safe
Harbor Statement:
This
press release and the statements of representatives of Rodobo International,
Inc., and its consolidated subsidiaries (collectively, the “Company”) related
thereto contain, or may contain, among other things, “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements, other than statements of historical fact included
herein are “forward-looking statements,” including statements regarding: the
impact of the recent acquisitions on the business and operations of the Company;
the ability of the Company to achieve its commercial objectives including
increased growth, revenues, earnings, and production capacity; the business
strategy, plans and objectives of the Company; and any other statements of
non-historical information. These forward-looking statements are subject to
significant known and unknown risks and uncertainties and are often identified
by the use of forward-looking terminology such as “projects,” “may,” “could,”
“would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,”
“plans” or similar expressions. 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. Investors 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 those discussed in the periodic reports that are filed with
the Securities and Exchange Commission and available on its 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 factors. The Company undertakes no duty to update these forward-looking
statements except as required by law.
For more
information, please contact:
Xiuzhen
Qiao
Rodobo
International Inc
Tel: +86-451-8226-5922
Email:
qiaozhen1973@163.com
Haiming
Liu
Rodobo
International Inc.
Tel:
+86-13883931103
Email:
hmlwuhangeneral@hotmail.com