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FARRAGUT MORTGAGE CO., INC. ANNOUNCES REVERSE STOCK SPLIT

 FARRAGUT MORTGAGE CO., INC. ANNOUNCES REVERSE STOCK SPLIT
 MANSFIELD, Mass., Feb. 20 /PRNewswire/ -- Farragut Mortgage Co., Inc. announced today that a 1-for-2.53837 reverse stock split of its common stock became effective for holders of record at the close of business on Feb. 19, 1992.
 A registration statement relating to securities of Farragut has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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, solicitat ion or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 2/20/92
 /CONTACT: Edward D. Lagarde, president and chief executive officer of Farragut Mortgage Company, 508-337-8605/ CO: Farragut Mortgage Company ST: Massachusetts IN: FIN SU:


EG-PB -- NE007 -- 0855 02/20/92 10:41 EST
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Publication:PR Newswire
Date:Feb 20, 1992
Words:180
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