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M-SYSTEMS FLASH DISK PIONEERS LTD. RAISED $5.3 MILLION AS A RESULT OF THE EXERCISE OF ITS WARRANTS

 TEL AVIV, Israel, Aug. 2 /PRNewswire/ -- M-Systems Flash Pioneers Ltd. (NASDAQ: FLSHF) has raised a total of approximately $5.3 million, as a result of its warrants exercise. Over 99.5 percent of the outstanding warrants were exercised.
 Each warrants entitled the holder to purchase one ordinary share (FLSHF) at the price of $8.00 per share. Warrants which were not exercised by 5:00 p.m. (New York City time) on July 28, 1993, ceased to be exercisable and the holders thereof will receive the redemption price of $.05 per warrant.
 M-Systems Flash Disk Pioneers Ltd. develops, manufacturers and markets Flash disk solutions.
 -0- 8/2/93
 /CONTACT: Dana Gross, vice president of operations of M-Systems, 972-3-490-920/
 (FLSHF)


CO: M-Systems Flash Disk Pioneers Ltd. ST: IN: SU:

LG-SM -- NY077 -- 8406 08/02/93 13:31 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
Words:137
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