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:6/27/2016)... ... June 27, 2016 , ... TopConsumerReviews.com recently awarded their highest five-star rating to ... of individuals in the United States and Canada wear eyeglasses. Once considered to be ... vision and make a fashion statement. Even celebrities use glasses as a way of ...
(Date:6/26/2016)... North Carolina (PRWEB) , ... June 26, 2016 , ... ... release of a new product that was developed to enhance the health of felines. ... for centuries. , The two main herbs in the PawPaws Cat Kidney Support ...
(Date:6/25/2016)... Austin, TX (PRWEB) , ... June 25, 2016 , ... ... Fellow of the American College of Mohs Surgery and to Dr. Russell Peckham for ... popular and highly effective treatment for skin cancer. The selective fellowship in Mohs Micrographic ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, ... and his M.D from the David Geffen School of Medicine at UCLA. He trained ... Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published June 14 ... The article goes on to state that individuals are now more comfortable seeking to ... operations such as calf and cheek reduction. The Los Angeles area medical group, Beverly ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Calif. , June 23, 2016 Any dentist ... many challenges of the current process. Many of them do ... of the technical difficulties and high laboratory costs involved. And ... to offer it at such a high cost that the ... it. Dr. Parsa Zadeh , founder of ...
(Date:6/23/2016)... June 23, 2016 Roche (SIX: RO, ROG; ... for its Elecsys BRAHMS PCT (procalcitonin) assay as a ... septic shock. With this clearance, Roche is the first ... integrated solution for sepsis risk assessment and management. ... infection and PCT levels in blood can aid clinicians ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... 52" report to their offering. ... creates a favourable commercial environment for MedImmune to enter. The ... that will serve to drive considerable growth for effective anti-influenza ... to cap sales considerably, but development is still in its ...
Breaking Medicine Technology: