Navigation Links
Emerald Dairy Extends Terms of Offer for Early Exercise of Warrants
Date:10/31/2008

RESTON, Va., Oct. 31 /Xinhua-PRNewswire-FirstCall/ -- Emerald Dairy Inc. (OTC Bulletin Board: EMDY) announced today that the Company has extended the terms of its offer to existing warrant holders to exercise their warrants on amended terms. The offer to exercise the warrants on amended terms was scheduled to expire on October 31, 2008, but has been extended by the Company until November 21, 2008. If all of the Company's outstanding warrants to purchase approximately 8.0 million shares are exercised according to the amended terms, the Company should receive funds for approximately $16.9 million. To date, two warrant holders have exercised their warrants for 180,000 shares under the amended terms. A number of others have indicated a desire to exercise, but have not provided all of the necessary documentation in order to do so. The Company expects to apply the proceeds from the exercise of warrants toward the cost of constructing a new production facility.

Amended terms, originally offered on April 24, 2008, include the following:

-- With respect to the 373,344 warrants having an exercise price of

$0.94 per share, a holder accepting the offer may exercise some or

all of the warrants at $0.75 per share of Common Stock;

-- With respect to the 1.3 million warrants having an exercise price of

$1.50 per share, a holder accepting the offer may exercise some or all

of the warrants at $1.20 per share of Common Stock;

-- With respect to the 1.4 million warrants having an exercise price of

$2.04 per share, a holder accepting the offer may exercise some or all

of the warrants at $1.63 per share of Common Stock; and

-- With respect to the 4.9 million warrants having an exercise price of

$3.26 per share, a holder accepting the offer may exercise some or all

of the warrants at $2.61 per share of Common Stock.

Warrant holders with questions or concerns regarding the option to exercise warrants should contact the exchange agent for the offer, John Harmann at Computershare, Inc., at 303-262-0775 or 800-962-4284 ext 5732 or by e-mail to: John.Harmann@computershare.com.

About Emerald Dairy Inc.:

Through its wholly-owned operating subsidiaries, Emerald Dairy Inc. is a producer and distributor of infant and children's formula, milk powder and soybean products in the People's Republic of China. The Company's products are sold under two brand names -- "Xing An Ling" and "Yi Bai."

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward- looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

For more information, please contact:

In the U.S.:

Ashley Ammon

ICR, Inc.

Tel: +1-203-682-8200

In China:

Wei-Jung Yang

ICR, Inc.

Tel: +86-10-8523-3088


'/>"/>
SOURCE Emerald Dairy Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Abbott to Preview New CELL-DYN(R) Emerald(TM) Hematology Instrument
2. The Emerald Dream Ball
3. Dairy Veterinarians Highlight Need for Improved Methods for Detecting Mastitis
4. China-Biotics, Inc. Sees No Impact on Its Business From Dairy Products Safety Concerns
5. PA Agriculture Department Warns Consumers About Raw Milk Sold by York County Dairy
6. National Dairy Council Joins USDA in Partnering With MyPyramid
7. ExploreDairy.com Debuts With Information on Minnesota Dairy Events, People and Products
8. Wildcat Power Cord Repairs Cruciate Ligament in Dairy Cows Knee
9. African Americans at Risk for Low Calcium Intake - New Survey Finds Those Experiencing Symptoms of Lactose Intolerance May be Sidelining Dairy in Their Diets
10. Allergy Alert on Undeclared Soy Ingredient in Bulk Cases of GFS Ultra-Pasteurized Non-Dairy Creamer
11. Low-Fat Dairy Reduces High Blood Pressure Risk
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/29/2017)... ... March 29, 2017 , ... In the United States alone, ... each year develop other types of metastatic brain tumors(3). Though most meningiomas are benign, ... efforts focus on finding more effective treatment options, the San Diego Gamma Knife ...
(Date:3/29/2017)... ... ... Youth Futures International (YFI) premiered its Serve, Learn, & Empower program in 2009 ... have participated in the program every summer. The 2017 Serve, Learn, & Empower ... Visit http://www.ghana.yfiexperience.org to learn more. , “I have sent my daughter ...
(Date:3/29/2017)... ... March 29, 2017 , ... The Wall ... referral to new patients from Burnaby, BC. Patients in need of experienced orthodontics, ... services, can see the esteemed team at Wall Centre Dental. Drs. Parviz Roshan, ...
(Date:3/29/2017)... Minn. (PRWEB) , ... March 29, 2017 , ... ... medical office buildings (MOBs) and other outpatient facilities, and who are the most ... exclusively at those questions, Revista and Healthcare Real Estate Insights (HREI) found that ...
(Date:3/29/2017)... (PRWEB) , ... March 29, 2017 , ... ... in many scientific laboratories. The assembly protocols involve many repetitive steps and often ... for automation, which enables the high-throughput needed, and results in a lower error ...
Breaking Medicine News(10 mins):
(Date:3/30/2017)... -- The new research portal will provide ... of company reports on UnitedHealth Group , as ... activities in the healthcare industry. ...      (Logo: http://photos.prnewswire.com/prnh/20160330/349511LOGO) ... through a fundamental transformation globally-a shift from a volume-based ...
(Date:3/30/2017)... 2017  Purcell Julie & Lefkowitz LLP, a class action ... potential breach of fiduciary duty claim involving the board of ... If you are a shareholder of Synergy ... investigation, free of charge, please visit us at: ... http://pjlfirm.com/synergy-pharmaceuticals-inc/ ...
(Date:3/29/2017)... 2017 Research and Markets has announced the ... to their offering. ... The global gas chromatograph market to grow at a CAGR ... Global Gas Chromatograph Market 2017-2021, has been prepared based on an ... the market landscape and its growth prospects over the coming years. ...
Breaking Medicine Technology: