Pure Cycle Corporation Announces Filing of Form S-3 to Register Stock.THORNTON, Colo. -- Pure Cycle Corporation (the "Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PCYO PCYO Pakistan Crescent Youth Organization PCYO Patel Conservatory Youth Orchestra (Tampa, Florida) ) announced today it has filed a Form S-3 to register 2,406,697 shares of its common stock for resale on behalf of various selling stockholders. The Form S-3 also includes a shelf registration allowing the Company to sell up to $15.0 million of common stock from time to time. The Company is registering the following shares of its common stock on behalf of the companies listed: * 242,169 shares owned by Inco Securities Corporation ("Inco"), pursuant to the Purchase and Sale Agreement between the Company and Inco, entered into on August 28, 2006. * 1,414,528 shares held by the companies listed below which are affiliated with George Middlemas, a member of our board of directors: [TABLE OMITTED] * 750,000 shares owned by High Plains A&M, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("HP A&M"), which were issued to HP A&M pursuant to an Asset Purchase Agreement entered into on August 31, 2006. These shares are being issued pursuant to a piggy back registration Piggy Back Registration When an underwriter allows existing holdings of a company's shares to be sold in conjunction with an offering of new public shares. Notes: granted to HP A&M in the Asset Purchase Agreement. The Company will not receive any of the proceeds from the sale of stock by the selling stockholders. The common stock registered on behalf of the Company may be sold from time to time to pay outstanding indebtedness, for water system expenditures, and for working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and other general corporate purposes. For questions, please contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at info@purecyclewater.com. Company Information Pure Cycle owns water assets in several river basins in the State of Colorado as well as certain aquifers The following is a partial list of aquifers around the world. A of aquifers is also available. North America Canada
Additional information including our recent press releases and fiscal year ended August 31, 2005 Annual Report are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, at 303-292-3456. |
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