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PLC SYSTEMS COMPLETES EQUITY OFFERING; LISTS SHARES ON AMERICAN STOCK EXCHANGE

 PLC SYSTEMS COMPLETES EQUITY OFFERING;
 LISTS SHARES ON AMERICAN STOCK EXCHANGE
 MILFORD, Mass., Sept. 17 /PRNewswire/ -- PLC Systems Inc. (AMEX: PLC, PLCE) today announced that it has completed a public offering of 725,000 units at $8 per unit, consisting of two shares of common stock and one common stock purchase warrant. H.J. Meyers & Co. Inc. was the managing underwriter and has been granted a 45-day option to purchase up to 108,750 additional units to cover any over- allotments. Gross proceeds to the company were $5,800,000 and will be used for the financing of further clinical trials of its Heart Laser and for additional foreign regulatory approvals and working capital.
 The company also announced that its common stock and units are now trading on the American Stock Exchange, with the symbol "PLC" for the common stock and "PLCE" for the units. The common was previously traded on NASDAQ.
 PLC Systems Inc. develops, manufactures and markets medical laser systems, accessories and related surgical products. The company is conducting Phase II clinical tests of a surgical technique known as transmyocardial revascularization (TMR) utilizing its patented Heart Laser laser system.
 -0- 9/17/92
 /CONTACT: Robert I. Ruoko, president of PLC Systems Inc., 508-478-5991/
 (PLC PLCE) CO: PLC Systems Inc.; H.J. Meyers & Co. Inc. ST: Massachusetts IN: MTC SU: OFR


BP-EH -- LA008 -- 0669 09/17/92 12:41 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:231
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