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UNIQUE MOBILITY ANNOUNCES COMPLETION OF PUBLIC OFFERING

 GOLDEN, Colo., Nov. 24 ~PRNewswire~ -- Unique Mobility Inc. (AMEX: UQM.EC) announced today the completion of a public offering of 1.0 million shares of its 1 cent par value common stock at $5 per share. The offering was underwritten on a firm basis by VTR Capital Inc. (Denver) and Berkeley Securities Corp. (New York)
 Net proceeds from the offering of approximately $4.2 million will be used for working capital and general corporate purposes, including proprietary product development, product marketing and acquisition of manufacturing and other equipment.
 Unique Mobility is a publicly held Golden-based manufacturer of high power density permanent magnet motors and electronic controls for automotive, aerospace, industrial and consumer appliance applications. The company's stock trades on the Emerging Company Marketplace of the American Stock Exchange.
 -0- 11~24~92
 ~CONTACT: Donald A. French of Unique Mobility, 303-278-2002; or Mark Cohen of Cameron Associates, 212-644-9560~
 (UQM)


CO: Unique Mobility Inc. ST: Colorado IN: ARO AUT SU: OFR

BB -- DV004 -- 1110 11~24~92 13:44 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:168
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