Lingxian Capital Inc. (TSXV:LXC.P) announced a non-brokered private placement of 2,500,000 common shares at a price of CAD 0.20 per share for gross proceeds of CAD 500,000 on August 14, 2014. The transaction will close concurrently with the qualifying transaction entered into by the company for acquiring all of the issued and outstanding securities of Jinsili International Steel Holdings Co., Ltd. from its shareholders.

On September 11, 2015, Lingxian Capital Inc. closed the transaction. The company announced that TSX Venture Exchange has accepted the filing documentation with respect to the transaction. The transaction included participation from 45 placees.