Covenant Group Of China (PINK:CVGC)

On January 31, 2010, Covenant Group of China Inc. entered into an Equity Credit Agreement with an institutional investor providing the Company with the right, but not the obligation, to issue shares of its common stock at any time and from time to time during the next two years for gross proceeds of up to $20,000,000. The Company also agreed to issue to the Investor warrants to purchase an additional 300,000 shares of its common stock during a five year period at an exercise price of $2.00 per share. The Company also entered into a Registration Rights Agreement as part of the transaction.

Source: 8K February 4, 2010