CMC Industries announces Common Stock and Warrant sale.CORINTH, Miss.--(BUSINESS WIRE)--May 16, 1996--CMC Industries, Inc. (Nasdaq: CMCI CMCI Constant Maturity Commodity Index (investing) CMCI Cable Modem to CPE Interface (Sprint) CMCI Computer and Math Citation Index CMCI CM Consulting and Investigations ), a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. (the "Company") announced today that it has raised approximately $2.5 million through a placement to private investors of an aggregate of 436,037 shares of the Company's Common Stock and Warrants to purchase an aggregate of 168,963 shares of the Company's Common Stock. The Warrants are exercisable at $7.50 per share. Approximately $1.4 million of the total offerings were sold to investors 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. and approximately $1.1 million were sold to offshore investors. The investors were granted certain registration rights by the Company which may not be exercised prior to Nov. 30, 1996. The Company stated that the purpose of the offering is principally to provide additional financial flexibility to take advantage of business opportunities as they arise. No other terms were disclosed. The securities have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold absent registration under the Securities Act and applicable state securities laws or applicable exemptions from registration requirements. Headquartered in Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif., CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. Industries is a leading provider of electronic contract manufacturing Electronic Contract Manufacturing (ECM) is a is term used for companies that offer contracts for electronic assembly for another company. For instance, instead of attempting to manufacture complex circuit boards themselves OEM companies often outsource their manufacturing services to original equipment manufacturers in the telecommunications, computer and electronics industries. The Company has manufacturing operations in Corinth and Santa Clara. CONTACT: CMC Industries, Inc., Corinth Lanny N. Lambert, 601/287-3771, ext. 170 |
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