SHENZHEN, CHINA — (Marketwired) — 07/14/15 — Moxian China, Inc. (OTCQB: MOXC), a leader in online-to-offline platform, today announced that the Company has entered into a subscription agreement with Beijing Xinhua Huifeng Equity Investment Centre (–Xinhua Huifeng–), a limited partnership based in Beijing, China, for 8.19 million shares of its common stock in a private placement to raise US$8.19 million. We have so far received the first tranche of the funds and expecting to receive the remainder before end of July 2015.
Moxian has also offered Beijing Xinhua Huifeng Equity Investment Centre the opportunity to subscribe to a warrant for an additional 32.0 million shares. The expiration date to subscribe to the warrant is July 31, 2015.
Moxian intend to use the net proceeds from this private placement for working capital and general corporate purposes.
“The investment by Beijing Xinhua Huifeng Equity will allow us to continue to invest in Moxian–s growth and, we believe, is a vote of confidence in the path we have set for the Company,” commented Tan Meng Dong James, Interim CEO of Moxian China, Inc.
Beijing Xinhua Huifeng Equity Investment Centre is managed by HeWeisu and HaoQinghu, who have extensive experience investing in technology and social media companies. He Weisu commented, “Moxian–s innovative platform and loyalty program is driving the Company–s growth and securing their market position. Our investment will allow us to help fund, and participate in, Moxian–s bright future.”
Moxian engages in the business of providing social marketing and promotion platforms to merchants who desire to promote their businesses through online social media. Our products and services aim to enhance the interaction between users and merchant clients by allowing merchant clients to study consumer behavior through data compiled from our database of users– activities. We design our products and services to allow our merchant clients to run advertising campaigns and promotions targeting their customers. Our platform is also designed to entice users to return frequently and to encourage new consumer users to subscribe our website.
: This release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
Contact:
Moxian China, Inc.
Nicolas Lin
+86 – 755 – 6681 3984
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