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1,500,000 WINTHROP RESOURCES CORPORATION COMMON SHARES OFFERED AT $7.25 PER SHARE

 MINNETONKA, Minn., April 29 /PRNewswire/ -- The Chicago Corporation and John G. Kinnard and Company, Incorporated, managers of the underwriting syndicate, announced today the public offering of 1,500,000 shares of Winthrop Resources Corporation (NASDAQ-NMS: WINR) common stock at $7.25 per share. Of the total, 750,000 shares are being sold by the company and the same amount by selling shareholders. The selling shareholders have granted the underwriters a 30-day option to purchase up to 225,000 additional shares to cover over-allotments, if any.
 Net proceeds to the company will be used to purchase equipment for lease, expand operations and for working capital and general corporate purposes.
 Headquartered in Minnetonka, Winthrop Resources Corporation leases computer equipment to creditworthy companies nationwide. Equipment leased to diverse industries includes data processing equipment, point- of-sale devices, and telecommunications and office automation equipment.
 -0- 4/29/93
 /CONTACT: Kirk A. MacKenzie, executive vice president/treasurer, Winthrop Resources Corporation, 612-936-0226; or Walter D. Fitzgerald of The Chicago Corporation, 312-855-7600/
 (WINR)


CO: Winthrop Resources Corporation ST: Minnesota IN: CPR SU: OFR

JG -- DE015 -- 2660 04/29/93 12:29 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
Words:184
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