Abacan receives receipt for final prospectus.CALGARY, Alberta--(BUSINESS WIRE)--Dec. 20, 1995--Abacan Resource Corporation announces that the Alberta Securities Commission has issued a final receipt for a prospectus filed by the Corporation under the Multi-Jurisdictional Disclosure System qualifying for distribution 15,000,000 common shares being offered primarily to institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. 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. . The common shares are being offered at a price of U.S. $2.4375 per common share for gross proceeds of U.S. $36,562,500. The offering is required to close within 120 days of the date of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. . 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 Oppenheimer & Co., Inc. and Howard, Weil, Labouisse, Friedrichs Incorporated who are acting as the placement agents for the offering. Abacan is an independent, international exploration company. Headquartered in Calgary, Alberta, the Corporation has focused on identifying, acquiring and developing oil and gas prospects in West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. since 1992. A registration statement relating to the common shares has been filed and has been made effective by the United States Securities and Exchange Commission. CONTACT: Wade Cherwayko or Ms. Lon Boshouwers, (403) 262-1220 |
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