Printer Friendly

EASTEX ENERGY FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING

 HOUSTON, Jan. 26 /PRNewswire/ -- Eastex Energy Inc. (NASDAQ-NMS: ETEX) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2.2 million shares of common stock.
 Of the shares being offered, 1.7 million shares are to be issued and offered by the company and 500,000 shares are to be offered by certain selling stockholders. A preliminary prospectus relating to these securities may be obtained from Mabon Securities Corp., which will act as managing underwriter, at One Liberty Plaza, 165 Broadway, New York, N.Y., 10006, 212-732-2820.
 Eastex expects to use the net proceeds of the offering for general corporate purposes attributable to the company's growing natural gas merchant business and for the development or acquisition of additional gathering, processing, storage and production assets, and other gas merchants, to enhance control of long-term gas supplies and complement the company's nationwide merchant activities.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these 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 such state.
 Eastex Energy Inc., through its subsidiaries, is involved in the marketing, storage, gathering and transportation of natural gas.
 -0- 1/26/93
 /CONTACT: Bradley K. Alford, director-corporate development of Eastex Energy Inc., 713-650-6255/
 (ETEX)


CO: Eastex Energy Inc. ST: Texas IN: OIL SU: OFR

CK -- NY055 -- 9060 01/26/93 12:05 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 26, 1993
Words:304
Previous Article:TIME WARNER TO BUILD FIRST FULL-SERVICE NETWORK; THE ELECTRONIC SUPERHIGHWAY INTO THE HOME
Next Article:FEDERAL SIGNAL CORP. ANNOUNCES AN 11 PERCENT INCREASE IN NET INCOME FOR 1992 WITH FOURTH QUARTER; NET INCOME UP 14 PERCENT
Topics:


Related Articles
EASTEX ANNOUNCES AGREEMENT IN PRINCIPLE TO ACQUIRE SERVCO
TRANSCO ENERGY FILES FOR SALE OF NOTES
TEXAS GAS FILES $100 MILLION REGISTRATION STATEMENT
EASTEX ANNOUNCES SECOND QUARTER 1992 EARNINGS
EASTEX REPORTS THIRD QUARTER 1992 EARNINGS
VALERO ENERGY REACHES AGREEMENT TO ACQUIRE PUBLICLY OWNED COMMON UNITS OF VALERO NATURAL GAS PARTNERS, L.P.
TEXAS GAS FILES $150 MILLION REGISTRATION STATEMENT
EL PASO NATURAL GAS COMPANY TO ACQUIRE EASTEX ENERGY INC.
EL PASO NATURAL GAS COMPANY AND EASTEX ENERGY INC. ANNOUNCE DATE FOR MERGER ELECTION FORMS
Mariner Energy Files Registration Statement for Initial Public Offering.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters