Consolidated Publishing Group Completes Additional $3.375 Million Financing.SHERMAN Sherman, city (1990 pop. 31,601), seat of Grayson co., N Tex., near the Red River; inc. 1858. Originally on a stagecoach route, it is a highway and railroad junction. Manufactures include electronic equipment, processed foods, military equipment, and metal products. OAKS, Calif.--(BUSINESS WIRE)--Dec. 8, 1997-- Consolidated Publishing Group Inc. (Nasdaq/OTC:UPLN) Monday announced it has completed a financing of an additional $3.375 million, consisting of $1.2 million in debt and $2.175 million in equity. The equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. was completed with Success Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , owners of Success Magazine, for 362,500 shares at $6 per share. In addition, Success Holding purchased an option to acquire an additional 181,210 shares at $8 per share over the next 18 months. "The capital raised will allow Consolidated Publishing Group and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Upline Magazine, to continue its aggressive expansion plan internationally," stated chief executive officer Ridgely Goldsborough. CONTACT: Consolidated Publishing Group, Sherman Oaks Ridgely Goldsborough/Chris Gross, 818/385-1588 |
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