Abacan Receives Final Receipt for Prospectus.CALGARY, Alberta--(BUSINESS WIRE)--Nov. 1, 1996--Abacan Resource Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , 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 : ABACF) announced that the Alberta Securities Commission has issued a final receipt for a Short-Form Prospectus filed by the Corporation under the Multi- Jurisdictional Disclosure System qualifying for distribution 12,500,000 common shares being offered primarily to institutional investors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and an additional 1,875,000 common shares that may be acquired by the underwriters within 30 days of the date of the prospectus solely to cover over-allotments. The common shares are being offered at the price of U.S. $7.50 per common share for gross proceeds to the company of U.S. $93,750,000 exclusive of any proceeds that may be received by the Corporation pursuant to the exercise of the underwriters over-allotment option. A copy of the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc this offering may be obtained from Howard, Weil, Labouisse, Friedrichs Incorporated and Oppenheimer & Co., Inc., who are acting jointly as the underwriters for the offering. A Registration Statement relating to the common shares being offered has been filed and has become effective under the United States Securities Act of 1933. CONTACT: Abacan Resource Corporation Wade Cherwayko, 403/262-1220 Lon Boshouwers, 403/262-1220 |
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