March 22, 2018 / 1:06 PM / 6 months ago

BRIEF-Seven Stars Cloud To Raise $40 Mln In Strategic Private Placement

March 22 (Reuters) - Seven Stars Cloud Group Inc:

* SEVEN STARS CLOUD TO RAISE AN AGGREGATE OF $40 MILLION USD IN STRATEGIC PRIVATE PLACEMENT FROM GT DOLLAR

* SEVEN STARS CLOUD GROUP - GTD WILL RECEIVE 13.8 MILLION SHARES OF SSC FOR $25.1 MILLION

* SEVEN STARS CLOUD GROUP INC - GTD HAS AGREED TO FUND $25.1 MILLION AS PER DEAL ON OR BEFORE MARCH 31, 2018

* SEVEN STARS CLOUD - SHALL ISSUE TO GTD TWO PROMISSORY NOTES, ONE FOR $10 MILLION AND ONE FOR $4.9 MILLION

* SEVEN STARS CLOUD GROUP INC - SSC AND GTD INTEND TO ENTER INTO A PARTNERSHIP Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below