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Article: ISRAMCO, INC. ACQUIRES AND EXERCISES 8.8 MILLION ISRAMCO LIMITED PARTNERSHIP WARRANTS IN ISRAEL
- Article from:
- PR Newswire
- Article date:
- October 5, 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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ISRAMCO, INC. ACQUIRES AND EXERCISES 8.8 MILLION ISRAMCO LIMITED
PARTNERSHIP WARRANTS IN ISRAEL
NEW YORK, Oct. 5 /PRNewswire/ -- Isramco, Inc. (NASDAQ: ISRL) reported today that it had acquired and exercised 8,887,797 warrants for a like number of units in the Isramco Limited Partnership, a drilling fund traded publicly on the Tel Aviv Stock Exchange. Isramco, Inc., through a wholly owned subsidiary, is the general partner for the limited partnership. The cost of the exercise was approximately $750,000. These units are marketable securities.
In making the announcement, Dr. Elmaleh said that Isramco was joined in the investment by Jerusalem ...