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UNIGENE ISSUES STOCK TO D.H. BLAIR

 UNIGENE ISSUES STOCK TO D.H. BLAIR
 FAIRFIELD, N.J., Sept. 11 /PRNewswire/ -- Unigene Laboratories, Inc.


(NASDAQ: UGNE) announced today that D.H. Blair Investment Banking Corp. and certain related persons (Blair) have exercised their unit purchase option which was granted in August 1987 in connection with the underwriting of the company's initial public offering of securities.
 Pursuant thereto, Unigene has received from Blair $1,399,994.40 and has issued to Blair 499,998 shares of its common stock. The offer of said shares will be made only by a prospectus included in a registration statement which was filed with the Security and Exchange Commission (SEC) on Sept. 9, 1992. The sale of said shares will be permitted when the registration statement is declared effective by the SEC.
 -0- 9/11/92
 /CONTACT: William Steinhauer, controller of Unigene Laboratories, 201-882-0860/
 (UGNE) CO: Unigene Laboratories, Inc. ST: New Jersey IN: MTC SU:


PS -- NY044 -- 8536 09/11/92 14:34 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
Words:161
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