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NUCORP ANNOUNCES ACCELERATION OF SERIES B AND SERIES C WARRANTS' EXPIRATION DATES

 NUCORP ANNOUNCES ACCELERATION OF SERIES B AND SERIES C WARRANTS'
 EXPIRATION DATES
 CHICAGO, May 15 /PRNewswire/ -- Nucorp, Inc. (NASDAQ: NUCO) announced today that its board of directors has accelerated the expiration dates of its Series B and Series C Warrants to July 14, 1992 from Oct. 31, 1992, and June 30, 1993, respectively. The board of directors took the action in order to guarantee the receipt of the warrant proceeds prior to the presently proposed closing of the acquisition of Surewest Financial Corp.
 The warrants trade through the National Market System of NASDAQ under the ticker symbol NUCOL (a unit of one Series B and one Series C Warrant) and NUCOW (a Series C Warrant). Each Series B Warrant entitles the holder to purchase one share of common stock at $6.81 per share during May 1992, at $6.88 per share during June 1992, and at $6.94 from July 1, 1992 until July 14, 1992. Each two Series C Warrants entitle the holder to purchase one share of common stock at $6.26 per share during May 1992, at $6.33 per share during June 1992, and at $6.39 per share from July 1, 1992 until July 14, 1992. All unexercised Series B and Series C Warrants shall expire, if not exercised, at the close of business on July 14, 1992.
 Warrantholders may exercise their Series B and Series C Warrants by mailing or delivering their warrant certificates with the warrant exercise form on the reverse side thereof duly executed, together with payment for each share purchased to:
 By hand or private carrier delivery:
 First Chicago Trust Co. of New York
 Tenders and Exchanges/11th floor
 30 W. Broadway, New York, N.Y. 10007
 By mail:
 First Chicago Trust Co. of New York
 P.O. Box 2992
 Church Street Station
 New York, N.Y. 10008
 -0- 5/15/92
 /CONTACT: Susan Obuchowski, 312-466-4010 or Kirk Brewer, 312-258-4359, both for Nucorp/
 (NUCO) CO: Nucorp Inc. ST: Illinois IN: SU:


SH -- NY050 -- 0701 05/15/92 11:24 EDT
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Publication:PR Newswire
Date:May 15, 1992
Words:340
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