| Deal Description | Camco, Inc., used the net proceeds from this transaction for the payment of short-term bank loans incurred during the fiscal years ending July 31, 1969 and 1970, to finance equipment purchases and for the expansion of the company's principal offices. The balance of the proceeds was added to the company's working capital and may have been temporarily invested in short-term interest-bearing obligations. The company received no share of the proceeds from the sale of a portion of shares to the underwriters from the selling stockholders. The group of selling stockholders consisted of American Research and Development Corporation, Paul R. Mills, Harold E. McGowen, Jr., and Sam W. Pearce. |
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