Abacan closes 15 million common share issue.CALGARY, Alberta--(BUSINESS WIRE)-- Dec. 27, 1995--Abacan Resource Corporation (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : 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 the closing of the 15 million common share issue at a price of U.S. $2.4375 per common share for gross proceeds of U.S. $36,562,500. The shares were sold to institutional investors in the United States and Europe. Oppenheimer & Co., Inc. and Howard, Weil Labouisse, Friedrichs Incorporated acted as the placement agents for the offering. Abacan is an independent, international exploration company which, since 1992, has focused on identifying, acquiring and developing oil and gas prospects in West Africa. CONTACT: Wade Cherwayko or Ms. Lon Boshouwers, 403/262-1220 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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