3-D Geophysical announces public offering.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Dec. 17, 1996--3-D Geophysical Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TDGO) today announced a public offering of 3,500,000 shares of common stock at $7.50 per share with anticipated net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $23,875,000. The company had initially proposed to offer 4,300,000 shares. The net proceeds of the offering will be utilized to purchase additional seismic data acquisition systems and related vehicles and equipment (approximately $16.9 million), to fund a portion of the purchase price for a Canadian seismic exploration business, J.R.S. Exploration Company Limited, and certain related equipment (approximately $3.7 million), to repay indebtedness incurred in connection with the company's purchase in May 1996 of two 24-bit seismic data acquisition systems ($3.0 million), and the balance, if any, will be used for working capital and general corporate purposes. The syndicate of underwriters for the offering is being led by Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc., Rauscher Pierce Refsnes, Inc. and Simmons & Company International. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission and was declared effective on Dec. 12, 1996. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such an offer or sale would be unlawful. These securities will be offered only by means of a prospectus that may be obtained from: Smith Barney Inc., Prospectus Department, Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, Brooklyn, NY 11220 - Tel: 718/921-8474 Rauscher Pierce Refsnes, Inc., Prospectus Department, 1001 Fannin, Suite 400, Houston, 77002 - Tel: 713/651-3351 Simmons & Company, Prospectus Department, 700 Louisiana Street, Suite 4000, Houston, 77002 - Tel: 713/236-9999. CONTACT: 3-D Geophysical Inc. Ronald L. Koons, 303/290-0214 or Strauss Global Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most George Strauss George Russell Strauss, Baron Strauss PC (18 July 1901 - 5 June 1993) was a long-serving British Labour Party politician, who was a Member of Parliament (MP) for 47 years and was Father of the House of Commons from 1974 to 1979. Strauss was educated at Rugby School. , 212/818-1112 |
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