China Education Resources Inc. Closes Private Placement
16 Março 2010 - 3:41AM
Marketwired
In connection with two previous news releases dated January 29,
2010 and February 3, 2010, China Education Resources Inc. (the
"Company") (TSX VENTURE: CHN)(PINK SHEETS: CHNUF) is pleased to
announce that is has received final approval for its non-brokered
private placement of 1,500,000 common shares in the capital of the
Company (the "Common Shares") at a price of $0.53 per share for
gross proceeds of $795,000. The proceeds of the private placement
will be used for general working capital purposes. The Common
Shares issued pursuant to the private placement are subject to a
four month hold period in compliance with applicable securities
laws and the rules of the TSX Venture Exchange.
ABOUT CHINA EDUCATION RESOURCES INC.
In collaboration with China's various education authorities and
experts, the Company is helping to transform the curriculum of the
world's largest educational system. Recognizing the need for
centralization and increased accessibility to address the Chinese
Central government's 2000 education reform policy changes, the
Company has created educational tools and curricula for China's
entire kindergarten through twelfth grade system. By implementing
the government's goal of converting the existing educational system
from memory-based learning to creative thinking and utilizing a
more interactive approach to embrace a world-based economy, the
Company has played an integral part in positioning China's
educational system to reach new heights.
Safe Habor Statement
This release contains certain forward-looking statements that
reflect the current views and/or expectations of the Company with
respect to its performance, business and future events. Such
statements are subject to a number of risks, uncertainties and
assumptions. Actual results and events may vary significantly.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: China Education Resources Inc. (604) 683-6865
www.chinaeducationresources.com Equiti-trend Advisors LLC (800)
953-3350
China Education Resources (TSXV:CHN)
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