ORIOLE HOMES ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
ORIOLE HOMES ANNOUNCES PUBLIC OFFERING OF COMMON STOCK DELRAY BEACH, Fla., April 28 /PRNewswire/ -- Oriole Homes Corp.
(AMEX: OHCA, OHCB) announced today the public offering of 1,100,000 shares of its Class B common stock at $10.25 per share. The offering was underwritten by PaineWebber Incorporated and Raymond James & Associates, Inc. The company's Class B common stock is listed on the American Stock Exchange under the symbol OHCB. Of the 1,100,000 shares offered, 750,000 were sold by the company and 350,000 shares were sold by selling shareholders.
Oriole Homes is engaged principally in the design, construction, marketing and sale of single-family homes, patio homes, townhomes, villas, duplexes and low- and mid-rise condominiums in southeast Florida. This is neither an offer to sell nor a solicitation of an offer to buy these securities. The offer is made only by the prospectus. Copies of the prospectus may be obtained in those states in which the underwriters may lawfully offer the securities. -0- 4/28/92 /CONTACT: Richard D. Levy, chairman and CEO of Oriole Homes, 407-274-2000/ (OHC) CO: Oriole Homes Corp. ST: Florida IN: CST SU: OFR
GK -- NY046 -- 3667 04/28/92 10:25 EDT
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|Date:||Apr 28, 1992|
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