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ENEX RESOURCES CORPORATION ANNOUNCES ODD-LOT TENDER OFFER AT $6 PER SHARE

 ENEX RESOURCES CORPORATION ANNOUNCES ODD-LOT TENDER OFFER
 AT $6 PER SHARE
 KINGWOOD, Texas, Sept. 1 /PRNewswire/ -- Enex Resources Corporation (NASDAQ: ENEX), today announced that it is offering to purchase for cash shares of its common stock to all shareholders who own 99 or fewer shares. The offer, at $6 per share, is to shareholders of record on Aug. 28, 1992 and will remain outstanding until Oct. 16, 1992.
 Gerald B. Eckley, president, stated, "This offer, which is 20 percent above the current market price, allows investors with small holdings to liquidate their position at a premium and without incurring brokerage commissions. The company is making this offer to reduce its administrative costs directly associated with shareholder recordkeeping which is disproportionately high for small shareholders."
 -0- 9/1/92
 /CONTACT: Robert E. Densford, vice president, secretary and treasurer of Enex Resources Corporation, 713-358-8401/
 (ENEX) CO: Enex Resources Corporation ST: Texas IN: OIL SU:


AH -- NY038 -- 5365 09/01/92 10:58 EDT
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Publication:PR Newswire
Date:Sep 1, 1992
Words:161
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