November 27, 2009 (FinancialWire) China Green Agriculture, Inc. (AMEX: CGA), a Chinese producer and distributor of fertilizer has completed a registered direct offering with several select institutional investors for 1,282,052 shares of its common stock at a price of $15.60 per share, resulting in gross proceeds of $20,000,011.20.
A subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) acted as the exclusive placement agent for the transaction.
The company has granted Rodman the exclusive right for a period of 30 days to place up to an additional 320,512 shares on the same terms as the current placement.
China Green Agriculture produces and distributes humic acid based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co.
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