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CONQUEST AIRLINES REVISES TERMS OF PUBLIC OFFERING OF 4,629,630 UNITS, WARRANTS ARE NOW IMMEDIATELY EXERCISABLE

 AUSTIN, Texas, April 26 /PRNewswire/ -- Conquest Airlines Corp. (NASDAQ: CAIR) announced today that the Class B redeemable common stock purchase warrants included in its public offering of 4,629,630 units, which became effective on April 23, 1993, are immediately exercisable to purchase one share of common stock at a price of $1-3/16. The underwriter, Lew Lieberbaum & Co., Inc. elected to accelerate the exercise date of the Class B warrant to April 23, 1993 in accordance with the terms of the warrant.
 Conquest Airlines Corp., a regional airline serving 10 cities in Texas, currently operates some 1500 flights per months serving 10 cities in Texas with six Fairchild Metro III 19-seat aircraft.
 -0- 04/26/93
 /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

SB-AH -- NY100 -- 0838 04/26/93 15:05 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
Words:149
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