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HEMDALE COMMUNICATIONS INC. ANNOUNCES ADDITIONAL CAPITAL INFUSION OF $1,266,817

 LOS ANGELES, Oct. 11 /PRNewswire/ -- Hemdale Communications Inc. (NASDAQ: HEMD) (HCI) announced that the company has received $1,266,817 of additional equity from warrant holders. The common stock purchase warrants which were traded separately on the NASDAQ exchange as (HEMDW) expired on Sept. 30, 1993. Warrant holders elected to convert 844,545 stock purchase warrants for 844,545 shares of HCI common stock at $1.50 per share.
 The issuance of an additional 844,545 shares of common stock by Hemdale Communications brings the total outstanding shares of HCI common stock to 7,094,545. The issuance of 844,545 common stock shares represents a 12 percent increase in the number of shares outstanding.
 The company is primarily engaged in the distribution of feature films on video in the United States.
 -0- 10/11/93
 /CONTACT: Marina Bailey of Hemdale Communications, 213-966-3768/
 (HEMD)


CO: Hemdale Communications Inc. ST: California IN: ENT SU:

JL-MF -- LA034 -- 0854 10/11/93 19:45 EDT
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Publication:PR Newswire
Date:Oct 11, 1993
Words:162
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