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HAUSER RECEIVES PROCEEDS OF $15,211,179 FROM PUBLIC OFFERING

 HAUSER RECEIVES PROCEEDS OF $15,211,179 FROM PUBLIC OFFERING
 BOULDER, Colo., Oct. 26 /PRNewswire/ -- Hauser Chemical Research Inc. (NASDAQ: HAUS) announced that it has closed on its public offering Friday, Oct. 23, 1992 of 1,996,563 shares of common stock at $18.25 per share through Dain Bosworth Inc. and First Analysis Securities Corp., Managing Underwriters, resulting in proceeds to the company of approximately $12,167,839. The company also received proceeds of $3,043,350 on the exercise of options and warrants by the selling shareholders in connection with the offering.
 The total amount raised in the offering was $34,570,488. Of the 1,996,563 shares, 702,734 were sold by the company and 1,293,829 were sold by selling shareholders. The 1,996,563 shares include the underwriters over-allotment option to purchase 237,500 shares.
 The company intends to use the net proceeds received by it from the sale of shares and exercise of warrants and options to finance expansion of the company's business. This includes approximately $5.5 million to fund expenditures for capital equipment to expand taxol production capacity at the Airport facility and Gunbarrel facility and $2 million to fund expenditures to purchase and equip a facility dedicated to its flavor production work.
 Hauser Chemical Research is a chemical processor, specializing in the extraction and purification of high value natural products using its proprietary technologies. The company provides interdisciplinary laboratory testing services, chemical engineering services and contract research and development through its Hauser Laboratories Division. The company is based in Boulder.
 -0- 10/26/92
 /CONTACT: Abbott Lawrence of Dain Bosworth, 303-294-7308; Brian Hand of First Analysis Securities, 312-258-1400; Dean P. Stull or William E. Paukert of Hauser Chemical Research, 303-443-4662/
 (HAUS) CO: Hauser Chemical Research Inc.; Dain Bosworth Inc.; First Analysis
 Securities Corp. ST: Colorado IN: MTC SU:


MC -- DV007 -- 4866 10/26/92 13:54 EST
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Publication:PR Newswire
Date:Oct 26, 1992
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