9/10/2008 investors led by Black River Asset Management

http://www.bio-medicine.org/biology-technology-1/Yongye-Biotechnology-International-Raises--249-4-Million-in-Private-Placement-7603-1/

Yongye Biotechnology International Raises $9.4 Million in Private Placement[Outline] ... BEIJING Sept. 10 /Xinhua-- Yongye Biotechn...The Company intends to use the proceeds from this placement to beginr...[RSS & Subscription]
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Email Subscription: Get Latest Biology Technology delivered by emailDate:9/10/2008[Outline] [RSS & Subscription]



BEIJING, Sept. 10 /Xinhua-PRNewswire-FirstCall/ -- yongye Biotechnology International, Inc. (OTC Bulletin Board: YGYB; "Yongye" or the "Company"), a leading developer, producer and distributor of nutrients for plants and animals in the People's Republic of China, today announced that it closed a private placement financing with certain institutional investors led by Black River Asset Management, pursuant to which the Company issued 6,073,006 shares of its common stock for gross proceeds of approximately $9.4 million. Roth Capital Partners served as the placement agent.