Printer Friendly

CONQUEST AIRLINES ANNOUNCES PUBLIC OFFERING OF 4,629,630 UNITS

 AUSTIN, Texas, April 23 /PRNewswire/ -- Conquest Airlines Corp. (NASDAQ: CAIR), a regional airline serving 10 cities in Texas, announced today that its public offering of 4,629,630 units at $1.08 per unit has become effective. Each unit consists of one share of common stock and one Class B redeemable common stock purchase warrant entitling the holder to purchase one share of common stock commencing April 23, 1995 at a price of $1-3/16.
 Gross proceeds of the offering are $5 million The net proceeds of approximately $4 million will be used primarily to expand the company's operations and to repay approximately $460,000 of bridge loans. The offering is underwritten by Lew Lieberbaum & Co., Inc.
 Conquest Airlines Corp. currently operates some 1500 flights per month serving 10 cities in Texas with six Fairchild Metro III 19-seat aircraft.
 -0- 4/23/93
 /CONTACT: Victor M. Rivas, chairman and CEO of Conquest Airlines Corp., 512-929-6706/
 (CAIR)


CO: Conquest Airlines Corp. ST: Texas IN: AIR SU: OFR

WB-TS -- NY101 -- 0298 04/23/93 17:37 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 23, 1993
Words:175
Previous Article:AMERICAN CLAIMS EVALUATION ESTIMATES EARNINGS
Next Article:TELMEX SIGNS NEW AGREEMENT WITH PRINCIPAL LABOR UNION
Topics:


Related Articles
CONQUEST AIRLINES ANNOUNCES 61 PERCENT INCREASE IN JULY TRAFFIC
CONQUEST AIRLINES CORP. APPOINTS JOHN R. WALTERS AS PRESIDENT AND CHIEF OPERATING OFFICER
CONQUEST AIRLINES CORP. SIGNS LETTER OF INTENT TO RAISE $4 MILLION IN EQUITY OFFERING
CONQUEST AIRLINES AGREES TO SETTLEMENT WITH PRATT & WHITNEY
CONQUEST AIRLINES REVISES TERMS OF PUBLIC OFFERING OF 4,629,630 UNITS, WARRANTS ARE NOW IMMEDIATELY EXERCISABLE
CONQUEST AIRLINES COMMENCES NON-STOP SERVICE FROM BIRMINGHAM TO KNOXVILLE AND CHARLESTON; DOUBLES FLEET SIZE TO 12 AIRCRAFT
CONQUEST TO SERVE SUGAR LAND AIRPORT; SIGNS LETTER OF INTENT WITH SUN EXPRESS GROUP, INC.
CONQUEST TO REDEEM WARRANTS
CONQUEST AIRLINES RECEIVES APPROXIMATELY $6.2 MLN FROM EXERCISE OF CLASS B WARRANTS; COMMENCES NON-STOP SERVICE FROM HOUSTON'S SUGAR LAND AIRPORT
CONQUEST ANNOUNCES THANKSGIVING FARES

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters