JINJIANG, China, Nov. 30,
2018 /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 "best efforts" public
offering of the Company's common shares and warrants with expected
total gross proceeds of $1.27
million. The offering is expected to close on or about
December 4, 2018, subject to
satisfaction of customary closing conditions.
The offering was priced at $1.27
per common share, with each common share coupled with one five-year
warrant to purchase 0.5 common share, at an exercise price of
$1.27 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. 333-228182) 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.
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. 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, 2017 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.
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SOURCE China Ceramics Co., Ltd.