3TEC Energy Corporation Announces Filing of Universal Shelf Registration Statement.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Dec. 18, 2000 3TEC Energy Corporation ("3TEC") (Nasdaq:TTEN TTEN Thermoanaerobacter Tengcongensis ) announced that it has filed a universal shelf Registration Statement with the Securities and Exchange Commission for the public offering from time to time of up to $150 million of debt securities, equity securities or warrants. The specific terms of securities that may be issued under the universal shelf Registration Statement will be determined at the time of any issuance and the specific terms will be set forth in a supplemental prospectus prior to any issuance of the securities. The 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). from any sale of these securities will be used for general corporate purposes, including repayments or refinancing Refinancing An extension and/or increase in amount of existing debt. of debt, working capital, acquisitions, capital expenditures and repurchases or redemptions of outstanding securities. 3TEC Energy Corporation is engaged in the acquisition, development, production and exploration of oil and natural gas, with properties geographically concentrated in East Texas and the Gulf Coast regions. 3TEC also owns significant properties in the Permian and San Juan basins The San Juan Basin is a drainage basin and geologic structural basin in the Four Corners region of the Southwestern United States; its main portion covers around 4,600 square miles, encompassing much of northwestern New Mexico, northeastern Arizona, and parts of Colorado and Utah. and in the Mid-Continent region. A Registration Statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This communication shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. |
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