Jx luxventure limited announces closing of $3,900,000 series d convertible preferred stock

Haikou, china, nov. 1, 2021 /prnewswire/ -- jx luxventure limited (nasdaq: lll) (the "company"), a company engaged in casual menswear, cross-border merchandise, airfare and tourism business announced today that the company has closed a private placement offering (the "offering") of its newly-designated series d convertible preferred stock, par value $0.0001 per share ("series d convertible preferred stock"), in which the company issued 100,000 shares of series d convertible preferred stock (the "shares") for the total gross proceeds of $3,900,000.  the shares were issued to an accredited investor not affiliated with the company, in reliance upon section 4(a)(2) of the securities act of 1933, as amended, and/or rule 506(b) of regulation d promulgated thereunder, pursuant to the terms of the certificate of designation, preferences and rights of series d convertible preferred stock (the "certificate of designation") and the subscription agreement between the investor and the company, dated as of november 1, 2021.
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