Belmac Corp. announces proposed public offering of Units.TAMPA, Fla.--(BUSINESS WIRE)--Dec. 21, 1995--On Dec. 18, 1995, Belmac Corp. (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. :BLM BLM n abbr (US) (= Bureau of Land Management) → les domaines ) filed a registration statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed public offering of 6,000 Units, each consisting of $1000 Principal Amount 12% Convertible Senior Subordinated Debenture subordinated debenture An unsecured bond with a claim to assets that is subordinate to all existing and future debt. Thus, in the event that the issuer encounters financial difficulties and must be liquidated, all other claims must be satisfied before due January 2006 and 1,000 Class A Redeemable Warrants, each to purchase one share of Common Stock and one Class B Redeemable Warrant, plus an over allotment option granted by the company to the underwriter to purchase an additional 900 Units. The 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 the proposed public offering to the company will be applied to the repayment of working capital indebtedness, the acquisition of complementary products, technologies and/or businesses, research and development and working capital. The offering is being underwritten by Coleman and Company Securities Inc. Although the registration statement has been filed with the Securities and Exchange Commission, it has not yet been declared effective. The offered securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notice does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. Belmac Corp., based in Tampa, is an international pharmaceutical and health care company engaged primarily in the manufacture, marketing and distribution of pharmaceutical products in France and Spain, with limited distribution of health care products and research and development activities in the United States. CONTACT: Belmac Corp., Tampa James R. Murphy, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 813/286-4401 |
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