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Gulf Resources, Inc. Announces Termination of Fixed Price Standby Equity Distribution Agreement.

Publication: PR Newswire
Publication Date: 06-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK and SHANDONG, China, March 6 /Xinhua-PRNewswire-FirstCall/ -- Gulf Resources, Inc. (the "Company") (BULLETIN BOARD: GFRE) , a leading producer of bromine, crude salt and specialty chemicals in China, today announced that it and the eight investors who had entered into the Fixed Price Standby Equity Distribution Agreement on May 7, 2007 have decided to terminate that Agreement. No shares have been sold or distributed under the Agreement. The Company has decided to pursue more cost efficient funding sources due to the appreciation of the Company's common stock since...

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