Belco Announces Common Stock Offering.Business Editors NEW YORK--(BUSINESS WIRE)--November 28, 2000 Belco Oil & Gas Corp. ("Belco") announced that it is commencing a public offering of 4.0 million shares of its common stock through managing underwriters CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. and Dain Rauscher Wessels, plus up to 600,000 additional shares to cover the underwriters' over-allotments. Proceeds of the offering will be used to reduce indebtedness incurred to finance acquisitions. Belco is an independent energy company engaged in the exploration for and the acquisition, exploitation, development and production of oil and gas 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. . Its producing properties and exploration acreage are primarily located in the Rocky Mountains Rocky Mountains, major mountain system of W North America and easternmost belt of the North American cordillera, extending more than 3,000 mi (4,800 km) from central N.Mex. to NW Alaska; Mt. Elbert (14,431 ft/4,399 m) in Colorado is the highest peak. , Gulf Coast, Permian Basin and Mid-Continent areas. Belco's common stock is traded under the symbol "BOG" on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . A copy of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders supplement relating to the offering may be obtained from Belco Oil & Gas Corp., 767 Fifth Avenue, 46th Floor, 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 , New York 10153; telephone (212) 644-2200. The release does not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities laws of any such state. |
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