Le Lézard
Classified in: Mining industry
Subject: OFR

Tantech Holdings Ltd. Announces the Closing of a Registered Direct Placement for $6.5 Million of Common Stock and Warrants



LISHUI, China, Sept. 29, 2017 /PRNewswire/ -- Tantech Holdings Ltd. (TANH) ("Tantech" or the "Company"), a leading clean energy company in China, today announced that it closed on September 29, 2017 a previously announced securities purchase agreement with certain institutional investors, raising approximately $6.5 million from selling its common stock at a price of $3.45 per share. After deducting offering expenses, the net proceeds will be used for general working capital purposes.

The Company issued a total of 1,891,307 common shares to institutional investors. As part of the transaction, the Company also issued to the investors warrants for the purchase of up to 945,655 common shares at an exercise price of $4.25 per share, which warrants have a term of 5-year from the date of issuance.

FT Global Capital acted as the exclusive placement agent for the transaction.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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 jurisdiction.

About Tantech Holdings Ltd.

Established in 2001 and headquartered in Lishui City, Zhejiang Province, China, Tantech Holdings Ltd., together with its subsidiaries, develops and manufactures bamboo-based charcoal products, including a variety of branded consumer products and electric double-layer capacitor ("EDLC") carbon products for industrial energy applications. The Company aims to transform itself from a bamboo-based charcoal products producer to a vertically integrated company along the EDLC Carbon - power battery - specialty new energy vehicle value chain. For more information please visit: http://www.tantechholdings.com.

Forward-Looking Statements

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information please contact:

Tantech Holdings Ltd. 
Ms. Ye Ren 
IR Manager 
+86-578-261-2869 
ir@tantech.cn

SOURCE Tantech Holdings Ltd.


These press releases may also interest you

22 jun 2018
Yorbeau Resources Inc. ("Yorbeau" or the "Company") announces that the nominees listed in the Company's management proxy circular dated May 18, 2018 were elected as directors of Yorbeau. The detailed results of the vote for the election of directors...

22 jun 2018
Lithium Americas Corp. ("Lithium Americas" or the "Company") is pleased to announce the results of its annual general meeting of shareholders (the "AGM") that was held on June 21, 2018. All of the following business items were approved at the AGM...

22 jun 2018
Coro Mining Corp. ("Coro" or the "Company") is pleased to announce that the Definitive Feasibility Study (DFS) completed by Coro as a condition of its earn in to acquire up to a 75% interest in the Marimaca 1-23 Claim ("the Project"), located near...

22 jun 2018
Largo Resources Ltd. ("Largo" or the "Company") reports that it filed a preliminary short form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta, Manitoba and Ontario in connection with a proposed...

22 jun 2018
Silvercorp Metals Inc. ("Silvercorp" or the "Company") reports that the Company has filed today its fiscal 2018 annual report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC").  The Form 40-F, which includes the Company's...

22 jun 2018
Altiplano Minerals Ltd. ("APN" or the "Company") is pleased to report that it has entered into an agreement with Integral Wealth Securities Limited ("Integral") whereby Integral was appointed the Company's market maker for a fee of $5,500 per...




News published on 29 september 2017 at 16:30 and distributed by: