Printer Friendly

FRANKLIN SUPPLY UNIT OFFERING LISTS ON THE AMEX

 NEW YORK, Nov. 18 /PRNewswire/ -- The American Stock Exchange today began trading the common stock and warrants of Franklin Supply Company Ltd.
 The stock and warrants are part of an initial public offering of 1 million units with an over-allotment option of 150,000 units. Upon listing, the units immediately were broken down into the component common stock and warrants for trading purposes.
 Franklin Supply's common shares, (symbol: FSL), opened at 5-3/4 on 100 shares, immediately followed by 14,300 shares.
 The company's warrants, (symbol: FSL.WS), opened on a quotation of 1-3/4 (bid) to 2 (ask).
 GHM, Inc. has been selected as the company's specialist firm.
 Franklin Supply Company, headquartered in Calgary, Alberta, is a distributor of oilfield supplies to the energy exploration and production industry.
 John Gilbank, president and chief executive officer of Franklin Supply, said, "We are pleased to be joining the growing list of Canadian companies traded on the American Stock Exchange. Listing on the AMEX will help to increase our international exposure and help Franklin to access additional pools of growth capital."
 The American Stock Exchange is unique among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies and a principal market for derivatives. The American Stock Exchange is dedicated to providing both public and professional investors with superior trading products and services at competitive prices.
 -0- 11/18/93
 /CONTACT: Melissa Grand, manager, communications of American Stock


Exchange, 212-306-1635/
 (FSL)


CO: Franklin Supply Company ST: Alberta IN: OIL SU:

CK -- NY056 -- 6027 11/18/93 12:29 EST
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:Nov 18, 1993
Words:267
Previous Article:MIDWAY REAFFIRMS OFFER TO AMERICAN AIRLINES TICKET HOLDERS
Next Article:DUFF & PHELPS: FIRST FIDELITY BANCORPORATION CREDIT RATINGS UPGRADED
Topics:

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