DOTRONIX ANNOUNCES PRIVATE PLACEMENT
DOTRONIX ANNOUNCES PRIVATE PLACEMENT NEW BRIGHTON, Minn., Nov. 25 /PRNewswire/ -- Dotronix, Inc.
(NASDAQ: DOTX) announced today that it has completed a private placement of 475,000 shares of its common stock, $.05 par value, and warrants to purchase an additional 475,000 shares of common stock. The company raised aggregate gross proceeds of $593,750 in the private placement and plans to use the funds for general corporate and working capital purposes and for the repayment of bank debt. The warrants sold in the private placement have an exercise price of $1 per share and are exercisable until Nov. 22, 1994.
-0- 11/25/91 /CONTACT: Warren White of Dotronix, 612-633-1742/ (DOTX) CO: Dotronix, Inc. ST: Minnesota IN: CPR SU: OFR
DS -- MN005 -- 6754 11/25/91 10:45 EST
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|Date:||Nov 25, 1991|
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