BCT International Inc. makes announcement.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Dec. 8, 1994--BCT International Inc. (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 :BUCS) Thursday announced that 688,888 of its 988,888 Class B Warrants have been exercised to purchase 688,888 shares of the company's common stock at a price of $3.00 per share. The 300,000 Warrants that were not exercised have been redeemed by the company pursuant to the terms of the Warrant Certificate at a price of 5 cents each. The exercise of 688,888 Warrants yielded 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 $1,964,997 after deducting an $86,667 commission to the company's investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. and the $15,000 paid to redeem the unexercised Warrants. The Warrant exercise leaves the company with a total of 4,562,404 shares of Common Stock issued and outstanding at Dec. 8, 1994. Primary shares, after taking into account Common Stock equivalents, totaled 6,137,407 shares at Dec. 8, 1994. On a fully diluted basis, the company's Common Stock totaled 6,845,636 shares at Dec. 8, 1994. BCT BCT Brigade Combat Team BCT Basic Combat Training BCT Best Conventional Pollutant Control Technology (EPA) BCT Business Cards Tomorrow BCT Banque Centrale de Tunisie (Central Bank of Tunisia) International Inc. is a holding company which operates BCT, the world's largest wholesale printing chain with 98 plants in 37 states and Canada. For further information contact: William Wilkerson, chairman, BCT International Inc., 3000 N.E. 30th Place, Fort Lauderdale, FL 33306, telephone: 305/563-1224. CONTACT: BCT International Inc., Fort Lauderdale William Wilkerson, 305/563-1224 |
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