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ROCKY MOUNTAIN CHOCOLATE FACTORY ANNOUNCES NOTE CONVERSION

 DURANGO, Colo., Oct. 27 /PRNewswire/ -- Rocky Mountain Chocolate Factory Inc. (NASDAQ: RMCF) announced that Coronet Insurance Co. has converted a $300,000 principal amount 7 Percent Convertible Secured Note of the company into 416,493 shares of Rocky Mountain Chocolate Factory Common Stock. The issuance of these shares increases Rocky Mountain Chocolate Factory's outstanding common stock to 1,990,738.
 With the conversion of this note, Coronet now holds approximately 1,060,882 shares of the company's outstanding common stock. Coronet continues to hold $400,000 aggregate principal amount of 7 Percent Convertible Secured Notes of the company which are convertible at any time into 432,376 additional shares of common stock.
 Rocky Mountain Chocolate Factory manufactures from its own recipes a line of gourmet chocolates and other premium confectionery products for sale at 14 company-owned and 94 franchised "Rocky Mountain Chocolate Factory" stores operating in 30 states and Canada. Its common stock and $1.00 Cumulative Convertible Preferred Stock are traded over the counter on NASDAQ under the trading symbols "RMCF" and "RMCFP," respectively.
 -0- 10/27/93
 /CONTACT: Franklin E. Crail, president, Rocky Mountain Chocolate Factory, 303-259-0554/
 (RMCF)


CO: Rocky Mountain Chocolate Factory Inc. ST: Colorado IN: FOD SU:

EH-JL -- LA044 -- 7517 10/27/93 16:49 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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