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COOKER RESTAURANT CORPORATION ANNOUNCES SALE OF COMMON SHARES

 COOKER RESTAURANT CORPORATION ANNOUNCES SALE OF COMMON SHARES
 COLUMBUS, Ohio, Dec. 27 /PRNewswire/ -- Cooker Restaurant Corporation (NASDAQ: COKR) today announced it has completed the sale of 450,000 common shares, which included the underwriter's exercise of its over-allotment option of 50,000 shares, under a registration statement filed with the Securities and Exchange Commission on Dec. 11, 1991. Proceeds of the sale were $11,475,000 before fees and expenses. The net proceeds, which were received today, will be used to retire bank debt, to finance the development of new restaurants, to remodel existing restaurants and for general corporate purposes. The sale was underwritten by J.C. Bradford & Co.
 Cooker Restaurant Corporation, based in Columbus, Ohio, owns and operates 15 full service "Cooker (SM)" restaurants in Tennessee, Ohio, Indiana, Kentucky and Michigan. The company's executive offices are located at 1530 Bethel Rd., Columbus, Ohio, 43220. The company's common stock is traded on NASDAQ-National Market System under the symbol "COKR".
 -0- 12/27/91
 /CONTACT: William Z. Esch, vice president, chief financial officer of Cooker Restaurant Corporation, 614-457-8500/
 (COKR) CO: Cooker Restaurant Corporation ST: Ohio IN: FOD SU:


CG -- CL005 -- 5523 12/27/91 15:49 EST
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Publication:PR Newswire
Date:Dec 27, 1991
Words:196
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