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CASINO RESOURCE CORPORATION ANNOUNCES INTENTION TO FILE A REGISTRATION STATEMENT

 ELKHORN, Wis., June 3 /PRNewswire/ -- Casino Resource Corporation (OTC: CNOR) today announced its intention to file a registration statement within the next sixty days for the public offering by the company of approximately 2,400,000 units after giving effect to a proposed 1-for-2 reverse stock split to shareholders of record June 25, 1993 (that is, a shareholder will receive one share of common stock in exchange for two shares of common stock outstanding). Each unit would consist of one share of common stock and one redeemable warrant for the purchase of one share of common stock, at an anticipated warrant exercise price of $6.75 per share of common stock subject to the warrant. It is anticipated that such units would be sold at an approximate price to the public of $5.00 per unit. The company intends to use the proceeds from the sale of the units for operations and business development. The financing is subject to conditions and no binding agreement has been entered into. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering will be made only by means of a prospectus following filing of a registration statement under the Securities Act of 1933, as amended.
 -0- 6/3/93
 /CONTACT: Kris Cummings of the Casino Resource Corporation Financial Relations Dept., 414-723-6660/
 (CNOR)


CO: Casino Resource Corporation ST: Wisconsin IN: CNO SU: OFR

MA -- MN005 -- 4791 06/03/93 09:01 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
Words:282
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