CONCORD, Mass., April 8 /PRNewswire/ -- Starmet Corporation (Nasdaq: STMT)
today announced that it has filed a registration statement on Form S-1 with
the Securities and Exchange Commission registering an offering of $80 million
of its Common Stock. It is expected that the Company and certain stockholders
will offer and sell shares in the proposed offering.
The managing underwriters of the offering will be Bear, Stearns & Co.,
Inc. and Furman Selz. The Company expects to use the net proceeds of the
offering to increase the Company's manufacturing capacity, primarily for its
patented Beralcast(R) beryllium alloy products, as well as for general
corporate purposes including the repayment of certain indebtedness. Starmet
Corporation is a diversified metallurgical technology Company based in
Concord, Massachusetts.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any State in which such
offer, solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of such State.
SOURCE Starmet Corporation
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Related links:
http://www.starmet.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 632850
CONTACT:
James M. Spiezio, Vice President, Finance of
Starmet Corporation, 978-369-5410
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