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Article: ALLERCARE CONVERTS SUBORDINATED CONVERTIBLE DEBENTURES
- Article from:
- PR Newswire
- Article date:
- June 19, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ALLERCARE CONVERTS SUBORDINATED CONVERTIBLE DEBENTURES
BLOOMINGTON, Minn., June 19 /PRNewswire/ -- Allercare, Inc.
(NASDAQ: ALLR) Bloomington, announced today that $900,000 worth of the company's Subordinated Convertible Debentures, due Sept. 1, 1994, and accrued interest, was converted into common stock of the company at a conversion price of $0.375 per share. The conversion was effective June 15, 1992. This conversion resulted in the issuance of 2,428,667 shares of common stock bringing the total shares outstanding to 9,394,728. The converted debentures were owned by the company's chairman of the board of directors, and another director and officer ...