Lihua International Inc fka LIWA

[bUrRpPPP!]

LIWA news.Lihua Public Offering of 3,726,708 Common SharesLast update: 4/8/2010 6:13:00 PMDANYANG, China, April 8, 2010 /PRNewswire via COMTEX/ -- Lihua International, Inc., (LIWA) ("Lihua" or the "Company"), a leading Chinese developer, designer, manufacturer, marketer and distributor of low cost, high quality alternatives to pure copper superfine and magnet wire, as well as copper rod products, today announced that it is offering 3,726,708 shares of its common stock. In connection with this offering, the Company has granted the underwriters a 45-day option to purchase up to 559,006 shares of common stock to cover over-allotments, if any. The Company intends to use the majority of the proceeds from this offering for the construction of a new smelting facility, which is expected to accelerate the production of refined copper products. Construction of this new facility is expected to begin in the fourth quarter of this year. Any remaining proceeds will be used for general working capital purposes. Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (RODM), is acting as sole book running