Printer Friendly

O'BRIEN ENVIRONMENTAL CLOSES 4 MILLION SHARE EQUITY OFFERING

 O'BRIEN ENVIRONMENTAL CLOSES 4 MILLION SHARE EQUITY OFFERING
 PHILADELPHIA, Dec. 20 /PRNewswire/ -- O'Brien Environmental Energy, Inc. (AMEX: OBS), a leading energy project developer, today announced its offering of 4 million shares of common stock at a price of $4 per share became effective Dec. 19, 1991.
 The offering included approximately 364,000 shares sold by Frank L. O'Brien, III, chairman. In addition, the underwriters have the right under the over allotment option to purchase an additional 600,000 shares. Managing underwriters of the offering were Montgomery Securities, Advest, Inc., and C.L. King & Associates. Proceeds to the company will be used to repay a portion of the company's debt, fund the development of coalbed methane reserves and certain energy projects and to provide working capital.
 -0- 12/20/91
 /CONTACT: Hal LeVay of Porter, LeVay & Rose, 212-564-4700, for O'Brien Environmental/
 (OBS) CO: O'Brien Environmental Energy, Inc. ST: Pennsylvania IN: OIL SU: OFR


JT -- NY057 -- 4427 12/20/91 14:20 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 20, 1991
Words:161
Previous Article:ERNST & YOUNG ANNOUNCES NEW APPOINTMENTS
Next Article:MONEY SMALL INVESTOR INDEX: SMALL INVESTORS SEEK HIGH YIELDS OVERSEAS
Topics:


Related Articles
O'BRIEN ENVIRONMENTAL ENERGY REPORTS FIRST QUARTER PROFIT
/C O R R E C T I O N -- O'BRIEN ENVIRONMENTAL/
O'BRIEN UNDERWRITERS EXERCISE OVERALLOTMENT OPTION TO PURCHASE 585,300 SHARES
O'BRIEN UNDERWRITERS EXERCISE OVERALLOTMENT OPTION TO PURCHASE 585,300 SHARES
O'BRIEN ENVIRONMENTAL ENERGY REPORTS SECOND QUARTER & SIX MONTHS RESULTS
O'BRIEN ENERGY CLOSES NEW FINANCING FOR PEAK SHAVING PROJECTS
O'BRIEN ENVIRONMENTAL ENERGY TO ENTER ARGENTINA POWER MARKETS
O'BRIEN ENVIRONMENTAL ENERGY ANNOUNCES 22-MEGAWATT, 20-YEAR POWER PROJECT WITH PHILADELPHIA WATER DEPARTMENT
O'BRIEN ENVIRONMENTAL CLOSES $1.8 MILLION BIOGAS 'SOFT ASSET' SALE
O'BRIEN CLOSES $5 MILLION INTERIM FINANCING

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters