Aprogenex closes offering of securities.HOUSTON--(BUSINESS WIRE)--May 31, 1995--Aprogenex Inc. (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. :APG APG Assists Per Game (basketball) APG Assists Per Game (hockey statistic) APG Aberdeen Proving Ground APG Automated Password Generator APG Asia Pacific Group on Money Laundering ) Wednesday announced that it has closed an offering of convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". with 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 approximately $4 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Joel Bresser, president and chief executive officer. ``The funds available from the offering, together with existing cash resources, should fund the company's normal operating activities into early 1996,'' said Bresser. The terms of the offering were not disclosed. The securities offered were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. CONTACT: Aprogenex Inc. J. Donald Payne, 713/748-5114 or Keatinge & Associates Inc. Richard W. Keatinge, 619/625-2100 (media) or Lippert/Heilshorn & Associates Michele Fasano, 212/838-3777 (investors) |
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