Basic Petroleum registration statement declared effective.NEW YORK--(BUSINESS WIRE)--June 12, 1996--Basic Petroleum International Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BPILF) announced today that the Securities and Exchange Commission has declared effective Basic's registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a public offering of Ordinary Shares of Basic. The 1,000,000 share offering was priced at $29.50 per share. The offering is being underwritten by Oppenheimer & Co. Inc. and PaineWebber Inc., who have been granted an option to purchase up to an additional 150,000 shares for the purpose of covering over-allotments. Completion of the sale to the underwriters is scheduled for June 14, 1996. Copies of the Prospectus may be obtained from Oppenheimer & Co. Inc., Oppenheimer Tower, World Financial Center, 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 or from PaineWebber Inc., 1285 Avenue of the Americas, New York. Basic Petroleum International Ltd. is an oil exploration, development and refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar company with operations in Guatemala, executive offices in Paris and an investor relations Investor relations The process by which the corporation communicates with its investors. office in New York. CONTACT: Monica R. Bonner, 212/832-0474 or Stuart M. Carlisle, 212/614-4000 |
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