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LIFE USA HOLDING, INC. COMPLETES $45 MILLION PUBLIC OFFERING OF COMMON STOCK

 MINNEAPOLIS, March 25 /PRNewswire/ -- Life USA Holding, Inc. (NASDAQ-NMS: LUSA), a Minneapolis-based insurance holding company, announced today that its public offering of 4.5 million newly issued shares of its common stock at $10 per share has become effective.
 The offering is being co-managed by Stephens Inc. and Dain Bosworth Incorporated.
 Proceeds from the offering will be used to finance a potential acquisition of a shell life insurance company and to increase the statutory capital and surplus of its insurance subsidiary, LifeUSA Insurance Company (LifeUSA) or, if acquired, the shell life insurance company, thereby enabling retention of a larger share of the business produced by LifeUSA agents instead of reinsuring the business under its current reinsurance treaties.
 -0- 3/25/93
 /CONTACT: Robert W. MacDonald, 612-591-5201 or Margery G. Hughes, 612-591-5217, both of Life USA/
 (LUSA)


CO: Life USA Holding, Inc. ST: Minnesota IN: INS SU: OFR

AL -- MN005 -- 9602 03/25/93 12:52 EST
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Publication:PR Newswire
Date:Mar 25, 1993
Words:156
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