Printer Friendly

GLOBAL MARINE FILES OFFERING OF 20 MILLION COMMON SHARES

 GLOBAL MARINE FILES OFFERING OF 20 MILLION COMMON SHARES
 HOUSTON, Oct. 5 /PRNewswire/ -- Global Marine Inc. (NYSE: GLM)


announced today that it filed a registration statement with the Securities and Exchange Commission for a public offering of 20 million shares of its common stock. The company will use the proceeds to satisfy minimum debt service obligations and for general corporate purposes.
 Houston-based Global Marine is one of the industry's largest international offshore drilling contractors, with 26 mobile rigs deployed worldwide. In addition, the company offers turnkey drilling services and has interests in oil and gas production.
 A registration statement relating to these securities 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 news 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, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 To obtain a prospectus, contact Salomon Brothers Inc, Seven World Trade Center, New York, N.Y. 10048; or Howard, Weil, Labouisse, Friedrichs Incorporated, 1100 Poydras, Suite 900, New Orleans, La. 70163.
 -0- 10/5/92
 /CONTACT: John G. Ryan, 713-596-5100, or David A. Herasimchuk, 713-596-5809, both of Global Marine/
 (GLM) CO: Global Marine Inc. ST: Texas IN: OIL SU: OFR


SH-TS -- NY027 -- 6466 10/05/92 09:55 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 5, 1992
Words:262
Previous Article:PRESIDENT AND CEO STOVER RESIGNS FROM NANTUCKET BANK
Next Article:CONVEX WINS THREE PETROLEUM ORDERS IN AUSTRALIA
Topics:


Related Articles
GLOBAL MARINE REPORTS NET INCOME FOR 1991
GLOBAL MARINE REPORTS THIRD QUARTER RESULTS
OFFSHORE PIPELINES, INC. ANNOUNCES FILING FOR COMMON STOCK
GLOBAL MARINE REPORTS FIRST QUARTER RESULTS
GLOBAL MARINE FILES OFFERING OF 15 MILLION COMMON SHARES
GLOBAL MARINE REPORTS SECOND QUARTER RESULTS
GLOBAL MARINE COMPLETES STOCK OFFERING
Global Marine Reports Second Quarter Results.
Global Marine Reports Second Quarter 2001 Results.
SANTA FE INTERNATIONAL CORPORATION REPORTS THIRD QUARTER EARNINGS.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters