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MAIN ST. & MAIN INC. ANNOUNCES SEPARATION OF UNITS AND COMMENCEMENT OF TRADING IN WARRANTS

 MAIN ST. & MAIN INC. ANNOUNCES SEPARATION OF UNITS
 AND COMMENCEMENT OF TRADING IN WARRANTS
 SCOTTSDALE, Ariz., Sept. 8 /PRNewswire/ -- Main St. & Main Inc. (NASDAQ: MAIN) (the "company") announced that effective as of the opening of trading on Sept. 8, 1992, the company's units issued in connection with its 1991 public offering would separate. Each unit consists of two shares of common stock and one warrant expiring Sept. 4, 1996, to acquire a share of common stock at $5 per share. Upon separation of the units, the warrants (NASDAQ: MAIN-W) will become separately tradable for the first time. The company's common stock currently trades on NASDAQ. Upon separation, there will be no further trading in the units.
 The company is filing a registration statement covering the shares of common stock which may be issued upon exercise of the warrants. The registration statement has not yet become effective and the warrants may not be exercised until the registration statement has become effective with the Securities and Exchange Commission and applicable state authorities.
 -0- 9/4/92
 /CONTACT: Joseph W. Panter of Main St. & Main, 602-951-3200/
 (MAIN MAIN-W) CO: Main St. & Main Inc. ST: Arizona IN: LEI SU:


BP-JB -- LA012 -- 6872 09/08/92 09:31 EDT
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Publication:PR Newswire
Date:Sep 8, 1992
Words:204
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