Dawson James Securities Announces the Closing of $1.27 Million Public Offering for China Ceramics Co., Ltd.
December 04 2018 - 2:31PM
Dawson James Securities, Inc. in conjunction with China Ceramics
Co., Ltd. (NASDAQ Global Market: CCCL) completed a public offering
of 1,000,000 million units to purchase up to 1,000,000 shares of
common stock and 500,000 warrants. The Unit was priced at $1.27 and
the 5-year warrants exercisable at $1.27 per share. The Company
expects to receive net proceeds of approximately $1.06 million.
China Ceramics plans to use the 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
Exclusive Placement Agent for the offering and utilized its
Diversified Investor Offering™ structure including both
institutional and retail investors.
This offering is being made pursuant to an
effective "shelf" registration statement on Form F-3 (File No.
333-228182) that was previously filed with the Securities and
Exchange Commission ("SEC") and declared effective by the SEC
on November 19, 2018. The offering will be made only by means
of a prospectus supplement and accompanying prospectus. A final
prospectus supplement and accompanying prospectus related to the
offering will be filed with the SEC and will be available on the
SEC's website located at http://www.sec.gov. 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.
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. For more information, please
visit http://www.cceramics.com.
About Dawson James
Securities
Dawson James Securities specializes in capital
raising for small and microcap public and private growth companies
primarily in the Life Science/Health Care, Technology and Consumer
sectors. The Firm offers full service investment banking, research,
institutional and retail sales, as well as execution trading and
corporate services. Headquartered in Boca Raton, FL, Dawson James
is privately held with offices in New York, Maryland and New
Jersey. www.dawsonjames.com
Safe Harbor Statement
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: This news release
may contain forward-looking information within the meaning of
Section 27A Of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including
statements that include the words “believes”, “expects”,
“anticipates” or similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company to differ materially from those
expressed or implied by such forward-looking
statements.
Member FINRA/SIPC. For more information, please
contact:
Elise Stern, Sr. Managing Director -
Institutional
Equitiesestern@dawsonjames.com561-208-2926
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