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BUCKEYE COMMUNICATIONS, INC. ANNOUNCES ADDITIONAL CLOSING OF A PRIVATE OFFERING OF SECURITIES TO ACCREDITED INVESTORS

 NEW YORK, Nov. 12 /PRNewswire/ -- BUCKEYE COMMUNICATIONS, INC., (BKCI) announced today that is had an additional closing of a private offering of units consisting of one share of Series A cumulative convertible preferred stock, and a Class C redeemable warrant to purchase ten shares of the company's common stock. An additional 11,250 units were sold, raising $450,000. In addition, the company issued an aggregate of 269,346 Class C redeemable warrants to the lenders who participated in the company's $4,050,000 financing which closed on April 30, 1993
 BUCKEYE, established in 1988, is a company which seeks investment and business opportunities in the leisure and entertainment industries including investments in such areas as merchandising, licensing and intellectual assets, including the marketing and distribution of various consumer products through direct response and other traditional retail methods on a worldwide basis, themed tourist attractions, and entertainment. BUCKEYE common stock is quoted on the over-the-counter non-NASDAQ Bulletin Board under the symbol BKCI.
 -0- 11/12/93
 /CONTACT: Mark P. Hershhorn, president and chief operating officer, or Arnold P. Kling, Esq., general counsel, 212-888-9115, fax 212-888-9399, or 215-891-8320, fax 215-891-8326, both of BUCKEYE COMMUNICATIONS, INC./
 (BKCI)


CO: BUCKEYE COMMUNICATIONS, INC. ST: New York IN: ENT REA SU: OFR

LD-DH -- NY098 -- 3962 11/12/93 18:37 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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