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GOLDEN EAGLE GROUP COMPLETES INITIAL PUBLIC OFFERING

 MIAMI, Nov. 24 ~PRNewswire~ -- Golden Eagle Group, Inc. (NASDAQ: GEGP; BSE: GEG) reported the completion of an initial public offering of 800,000 shares of common stock and 800,000 warrants of $5.00 per share and $.10 per warrant. Net proceeds of $3,237,600 will be used to establish new offices, repay senior debt and accounts receivable, and provide working capital. The underwriting was managed by Vantage Securities, Inc.
 Golden Eagle Group, through wholly owned subsidiaries, is engaged in providing international ocean and air freight forwarding as well as transportation logistics and related services, principally for shipments from the United States to Central and South America and the Caribbean. The company is also a customs broker and has an international network of 56 agents.
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 ~CONTACT: R.W. Redlien, chief financial officer of Golden Eagle, Inc., 305-888-1600, or Mark Cohen of Cameron Associates, 212-644-9560, for Golden Eagle, Inc.~
 (GEGP)


CO: Golden Eagle Group, Inc. ST: Florida IN: TRN SU: OFR

LR-OS -- NY044 -- 1059 11~24~92 12:25 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:174
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