Attached files
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8-K - FORM 8-K - MIND TECHNOLOGY, INC | h82985e8vk.htm |
EX-1.1 - EX-1.1 - MIND TECHNOLOGY, INC | h82985exv1w1.htm |
EX-5.1 - EX-5.1 - MIND TECHNOLOGY, INC | h82985exv5w1.htm |
EX-99.2 - EX-99.2 - MIND TECHNOLOGY, INC | h82985exv99w2.htm |
Exhibit 99.1
Mitcham Industries Announces Public Offering of Common Stock
HUNSTVILLE, Texas, June 16, 2011 /PRNewswire/ Mitcham Industries, Inc. (NASDAQ: MIND) (Mitcham
or the Company) today announced that it is offering to sell shares of its common stock in an
underwritten public offering. Mitcham also expects to grant the underwriters a 30-day option to
purchase up to an additional 15% of the shares of common stock offered in the public offering to
cover over-allotments, if any. The offering is subject to market conditions, and there can be no
assurance as to whether or when the offering may be completed, or as to the actual size or terms of
the offering.
Mitcham intends to use the net proceeds from this offering to repay borrowings under its revolving
credit facility, to purchase seismic lease pool equipment and for general corporate purposes.
Global Hunter Securities, LLC is acting as sole book-running manager, and Ladenburg Thalman & Co,
Inc. is acting as the co-manager in this offering. A shelf registration statement on Form S-3
relating to the public offering of the shares of common stock described above was filed with the
Securities and Exchange Commission (SEC) and is effective. A copy of the preliminary prospectus
supplement and the accompanying base prospectus relating to this offering may be obtained from the
SECs website at http://www.sec.gov, or from Global Hunter Securities, LLC, 777 Third
Avenue New York, New York 10017 or via telephone at (646) 264-5600 or from Ladenburg Thalmann & Co.
Inc., 520 Madison Avenue, 9th Floor New York, New York 10022 or via telephone at (212) 409-2000.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any
of these securities, nor will there be any sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale is not permitted.
About Mitcham Industries, Inc.
Mitcham Industries, Inc., a geophysical equipment supplier, offers for lease or sale, new and
experienced seismic equipment to the oil and gas industry, seismic contractors, environmental
agencies, government agencies and universities. Mitcham is headquartered in Texas, with sales and
services offices in Calgary, Canada; Brisbane, Australia; Singapore; Ufa, Bashkortostan, Russia;
Lima, Peru; Bogota, Colombia and the United Kingdom and with associates throughout Europe, South
America and Asia.
Forward-Looking Statements
This press release includes statements regarding the offering that may constitute forward-looking
statements within the meanings of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve
known and
unknown risks and uncertainties (some of which are beyond Mitchams control) that may cause actual
results to differ materially from such forward-looking statement. Examples of such risks and
uncertainties, including those related to the offering of Mitchams securities and its operations,
are described in Mitchams filings with the SEC including, the most recent reports on Forms 10-K,
10-Q, and 8-K, and any prospectus relating to the sale of Mitchams securities, as well as any
amendments thereto. When you consider these forward-looking statements, you should keep in mind
these factors. Mitcham assumes no duty to update or revise its forward-looking statements to
reflect new information or events.
Contacts:
|
Billy F. Mitcham, Jr., President & CEO | |
Mitcham Industries, Inc. | ||
936-291-2277 | ||
Jack Lascar / Karen Roan | ||
Dennard Rupp Gray & Lascar (DRG&L) | ||
713-529-6600 |
SOURCE Mitcham Industries, Inc.
News Provided by Acquire Media
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