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HONG KONG, June 30 /CNW/ - Kingsway International Holdings Limited (TSX:KIH) (the "Company"), an Asian based financial services firm, is pleased to announce that it has completed the second tranche of its non-brokered private placement offering of common shares previously announced on September 11, 2009 and amended on May 20, 2010 (the "Offering"). Gross proceeds from the second tranche amounted to CAN$500,000 and consisted of 1,000,000 common shares at a price of CAN$0.50 per share. The first tranche of the Offering for gross proceeds of CAN$4,500,000 closed and was announced on June 3, 2010. The proceeds from the Offering will be used to fund current investment transactions in accordance with ongoing investment mandates and general working capital.
About Kingsway International Holdings Limited
The Company is listed on the Toronto Stock Exchange (the "TSX") under the symbol KIH. The Company and its subsidiaries (the "Group") are leading middle tier financial services providers, linking the global investment community with China's high growth economy. In addition to engaging in strategic investment activities and advisory services, the Group offers a variety of complementary, client-focused services through its capital markets and asset management divisions. Founded in 1990, the Group operates from offices in Hong Kong, Beijing, Shanghai, Shenzhen and Toronto.
SOURCE KINGSWAY INTERNATIONAL HOLDINGS LIMITED
For further information: For further information: Gary Quedado, Kingsway Group, (416) 861-3099 Ext. 0238, firstname.lastname@example.org