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Article: RENO AIR COMPLETES $4.8 MILLION PRIVATE PLACEMENT
- Article from:
- PR Newswire
- Article date:
- June 26, 1995
CopyrightCOPYRIGHT 1995 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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RENO, Nev., June 26 /PRNewswire/ -- Reno Air, Inc. (Nasdaq: RENO; PSE: RNO) announced today that it has sold approximately $4.8 million of newly-issued equity securities to accounts managed by Fidelity Management & Research Company and its affiliates. The proceeds from this sale have been added to general working capital.
"We are exceptionally pleased that we have attracted Fidelity to invest in our Company," said Robert Reding, President and Chief Operating Officer of Reno Air. "We believe their investment will be rewarded as we continue to establish our position in the industry."
The investment by the Fidelity accounts consisted in the aggregate of ...