JINJIANG, China, Feb. 4, 2016 /PRNewswire/ -- China Ceramics Co.,
Ltd. (NASDAQ Global Market: CCCL) ("China Ceramics" or the
"Company"), a leading Chinese manufacturer of ceramic tiles used
for exterior siding and for interior flooring and design in
residential and commercial buildings, today announced the pricing
of a public offering of the Company's common shares and warrants
with expected total gross proceeds of $900,000. The
offering is expected to close on or about February 8, 2016, subject to satisfaction of
customary closing conditions.
The offering was priced at $0.63 per common share, with each common
share coupled with one five-year warrant to purchase one common
share, at an exercise price of $0.78 per
share, and one six-month warrant to purchase one common share, at
an exercise price of $0.63 per share.
China Ceramics plans to use the net proceeds from the offering
to fund inventory, distribution expenses, vendor obligations
outside of the PRC, as well as for general corporate and working
capital purposes.
Dawson James Securities, Inc. acted as the sole placement agent
in connection with the offering.
This offering is being made pursuant to an effective "shelf"
registration statement on Form F-3 (File No. 333-206516) that was
previously filed with the Securities and Exchange Commission. The
offering will be made only by means of a prospectus. Copies of the
prospectus supplement and the accompanying prospectus relating to
this offering may be obtained by contacting Dawson James
Securities, Inc., Attention: Prospectus Department, 1 North Federal
Highway, 5th Floor, Boca Raton, FL
33432, mmaclaren@dawsonjames.com or toll free at
866.928.0928.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
About China Ceramics Co., Ltd.
China Ceramics Co.,
Ltd. is a leading manufacturer of ceramic tiles in China. The Company's ceramic tiles are used
for exterior siding, interior flooring, and design in residential
and commercial buildings. China Ceramics' products, sold under the
"Hengda" or "HD", "Hengdeli" or "HDL", the "TOERTO" and "WULIQIAO"
brands, and the "Pottery Capital of Tang Dynasty" brands, are
available in over 2,000 style, color and size combinations and are
distributed through a network of exclusive distributors as well as
directly to large property developers. For more information, please
visit http://www.cceramics.com.
Safe Harbor Statement
Certain of the statements made
in this press release are "forward-looking statements" within the
meaning and protections of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements include statements
with respect to our beliefs, plans, objectives, goals,
expectations, anticipations, assumptions, estimates, intentions,
and future performance, and involve known and unknown risks,
uncertainties and other factors, which may be beyond our control,
and which may cause the actual results, performance, capital,
ownership or achievements of the Company to be materially different
from future results, performance or achievements expressed or
implied by such forward-looking statements. Forward-looking
statements in this press release include, without limitation, the
Company's ability to satisfy the closing conditions for the
offering and to complete the offering. All forward-looking
statements attributable to us are expressly qualified in their
entirety by this cautionary notice, including, without limitation,
those risks and uncertainties described in our annual report on
Form 20-F for the year ended December 31,
2014 and otherwise in our SEC reports and filings. Such
reports are available upon request from the Company, or from the
Securities and Exchange Commission, including through the SEC's
Internet website at http://www.sec.gov. We have no obligation and
do not undertake to update, revise or correct any of the
forward-looking statements after the date hereof, or after the
respective dates on which any such statements otherwise are
made.
Contact
Information:
|
China Ceramics Co.,
Ltd.
|
Precept Investor
Relations LLC
|
Edmund Hen, Chief
Financial Officer
|
David Rudnick,
Account Manager
|
Email:
info@cceramics.com
|
Email:
david.rudnick@preceptir.com
|
|
Phone: +1
917-864-8849
|
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SOURCE China Ceramics Co., Ltd.