Gulf Resources, Inc

[Drexion2004]

"On December 11, 2009, the Registrant entered into a securities purchase agreement (the "Purchase Agreement"), with institutional investors (the "Investors"), pursuant to which the Registrant will sell 2,941,181 shares of its common stock, par value $0.0005 per share (the "Common Stock") at a purchase price of $8.50 per share, for gross proceeds of approximately $25.0 million (the "Financing"). The closing of the Financing is expected to occur on or prior to January 1, 2010 (the "Closing Date"). "

Wanna bet this thing goes below $10 today?

-Fernando