MTC ELECTRONIC TECHNOLOGIES OFFERS 2,283,333 SHARES OF COMMON STOCK; TICKER SYMBOL CHANGES TO MTCEF
MTC ELECTRONIC TECHNOLOGIES OFFERS 2,283,333 SHARES OF COMMON STOCK;
TICKER SYMBOL CHANGES TO MTCEF
RICHMOND, British Columbia, Nov. 13 /PRNewswire/ -- MTC Electronic Technologies Co. Ltd. (NASDAQ: MTCFD) said today that its offering of 2,283,333 shares of common stock has been priced at $9 per share. H.J. Meyers & Co. is the managing underwriter for the offering.
Concurrent with the shares being offered, the company also announced that, effective on the opening of Nov. 14, the shares will begin trading on the NASDAQ National Market System under the new symbol "MTCEF."
MTC is a Canadian communications and distribution company serving the consumer electronics, facsimile and cellular telephone industries. MTC distributes a broad line of consumer electronics products in Canada, Mexico and the United States.
/CONTACT: Joseph N. Jaffoni or Felicia Vonella of Dewe Rogerson Inc., 212-688-6840, for MTC Electronic Technologies/
(MTCFD) CO: MTC Electronic Technologies Co. Ltd. ST: IN: CPR SU: OFR PS -- NY100 -- 4205 11/13/91 19:32 EST