China Gao Xian

China Gao Xian: Grp announced that Fleur Capital plans to invest $27m into the Co. and is subscribing for 270m new shares at 10c apiece. China Gaoxian will issue 1.155b warrants representing one free warrant to all shareholders and Fleur Capital, for every two existing shares in the company at 10c per share with an exercise period of five yrs from the date of issue. Fleur Capital will then hold a 33% stake in the company. Assuming that all the proposed warrants are exercised and new shares issued, Co. would receive additional gross proceeds of approximately $115.5m, which can be used for expansion of the company's business and/or general working capital.