Crown Laboratories Inc. press release.LAS VEGAS--(BUSINESS WIRE)--March 12, 1996--Crown Laboratories Inc. (AMEX AMEX See: American Stock Exchange :CLL CLL abbr. chronic lymphocytic leukemia CLL, n.pr See leukemia, chronic lymphocytic. CLL 1. Chronic lymphocytic leukemia 2. Cholesterol-lowering lipid .EC) announced Tuesday that is has extended until March 28, its offer to its holders of its privately placed warrants to exercise the warrants at $1 3/8 per share instead of $3 per share if each holder exercises at least 60% of such warrants by such date. If at least 60% of a holder's warrants are exercised, the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of his remaining warrants will be extended one year. Crown Laboratories Inc. cannot predict which, if any, of its 1,475,563 privately placed warrants may be exercised. As of March 11, 25,000 warrants had been tendered for exercise. The warrants were issued in a transaction exempt from the registration requirements of the Securities Act of 1933 and may not be transferred or sold in absence of an applicable registration statement or an exemption from registration. The shares underlying the warrants have been registered for resale by holders of the warrants. CONTACT: Crown Laboratories Inc., Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. Larry Rosenthal Larry Rosenthal (May 21, 1910 - March 4, 1992) was a subprofessional baseball outfielder in the 1930's and 40's. He first played with the Chicago White Sox in 1936, and hit a respectable .281 in 317 at bats. , 610/667-4448 or 702/696-9300 |
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