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ROYCE LABORATORIES, INC. ANNOUNCES EXTENSION OF WARRANTS

 MIAMI, May 11 /PRNewswire/ -- Royce Laboratories, Inc. (NASDAQ: RLAB) today announced the extension of the exercise period for the company's outstanding warrants. The company has 1,150,000 warrants outstanding, each of which entitles the holder to purchase one-half share of the company's common stock at $10.00 per share (a minimum of two warrants are required to purchase one share of common stock). The warrants are now exercisable until July 8, 1994.
 Royce Laboratories, Inc. is a manufacturer of off-patent prescription and over-the-counter pharmaceuticals.
 -0- 5/11/93
 /CONTACT: Patrick J. McEnany, chief executive officer of Royce Laboratories, 305-624-1500/
 (RLAB)


CO: Royce Laboratories, Inc. ST: Florida IN: MTC SU:

AW-JB -- FL007 -- 6932 05/11/93 10:19 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:119
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