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MINNESOTA BREWING COMPANY ANNOUNCES SALE OF OVER-ALLOTMENT SHARES

 ST. PAUL, Minn., Nov. 15 /PRNewswire/ -- Minnesota Brewing Company (NASDAQ: MBRW) announced today the sale of 217,500 shares of the company's common stock to Craig-Hallum pursuant to the exercise of the over-allotment option granted to Craig-Hallum as underwriter in connection with the company's initial public offering. The shares were sold to Craig-Hallum at the public offering price of $4.50 per share. Following the issuance of the shares, the company has 3,328,611 shares outstanding.
 The company operates a full-scale brewery in St. Paul producing beer and other beverages, including root beer and bottled water. The company's line of proprietary beers includes Pig's Eye, Grain Belt and Landmark. The company also enters into contract brewing and production agreements with other brewers.
 The company's common stock is traded on the NASDAQ system under the symbol MBRW.
 -0- 11/15/93
 /CONTACT: Richard A. McMahon of Minnesota Brewing, 612-228-9173/
 (MBRW)


CO: Minnesota Brewing Company ST: Minnesota IN: REA SU: OFR

DB-DS -- MN030 -- 4751 11/15/93 18:15 EST
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Publication:PR Newswire
Date:Nov 15, 1993
Words:169
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