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HARCOR ENERGY CLOSES $3.0 MILLION PRIVATE EQUITY PLACEMENT

 HARCOR ENERGY CLOSES $3.0 MILLION PRIVATE EQUITY PLACEMENT
 LOS ANGELES, Aug. 6 /PRNewswire/ -- HarCor Energy Inc. (the "company") (NASDAQ: HARC) announced today the completion of a $3,030,000 private placement of 233,077 investment units. Each unit consists of four shares of unregistered common stock of the company (932,308 total shares issued) and one warrant to purchase one share of common stock of the company at a price of $5 per share exercisable for a period of three years. The investment units were sold in the United States through Laidlaw Equities Inc. and internationally through Oakes, Fitzwilliams & Co. Ltd.
 HarCor Energy is a Los Angeles-based independent oil and gas company with operations in the United States and in Canada through Consolidated HCO Energy Ltd.
 -0- 8/6/92
 /CONTACT: Mark G. Harrington, chairman and CEO, or Francis H. Roth, president, HarCor Energy, 310-575-9599/
 (HARC) CO: HarCor Energy Inc. ST: California IN: OIL SU:


KJ -- LA026 -- 7692 08/06/92 15:32 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
Words:165
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