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Financings in Brief: Technical Chemicals and Products, Inc.

This article was originally published in The Gray Sheet

Executive Summary

Technical Chemicals and Products, Inc.: Registers at SEC for an offering of 1.8 mil. shares of common stock, including 300,000 to be sold by shareholders. Fort Lauderdale, Florida-based TCPI says net proceeds from the offering will be used "to purchase production equipment, research and develop its transdermal drug delivery and diagnostic products, and repay outstanding indebtedness." Deutsche Morgan Grenfell will serve as managing underwriter for the offering...
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