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12. COMMON STOCK
12 Months Ended
Dec. 31, 2012
Equity [Abstract]  
12. COMMON STOCK

NOTE 12 – COMMON STOCK

 

The Company changed the trading ticker symbol of its common stock on the NASDAQ Global Select Market to “GURE” effective at the open of the market on June 30, 2011.

 

In the second quarter of 2011, the Company issued 9,430 shares of its common stock based on the fair market price of $3.42 upon the cashless exercise of 12,500 stock options granted to a Board member.

 

In November 2012, the Company issued 3,806,728 shares of its common stock, valued at $4,872,612, to acquire assets owned by Mr. Chengyong Zhao (Note 2).