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LATSHAW ENTERPRISES ANNOUNCES RIGHTS OFFERING

 WICHITA, Kan., Nov. 17 ~PRNewswire~ -- Latshaw Enterprises, Inc. today announced that the rights offering to stockholders to purchase $2,500,000 principal amount of variable interest rate convertible subordinated debentures due Nov. 8, 2022 was oversubscribed. As a results of the completion of the offering, the company has approximately $1 million in new cash (less offering expenses) and has reduced its outstanding short-term indebtedness by approximately $1,500,000.
 -0- 11~19~92
 ~CONTACT: David G. Carr, vice president-finance of Latshaw Enterprises, Inc., 316-942-7266 ext. 277~


CO: Latshaw Enterprises, Inc. ST: Kansas IN: SU:

TS-SM -- NY021 -- 2736 11~19~92 09:40 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:103
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