Three States Natural Gas Company
| Company Deal | 500,000 shares common stock (par value $1.00) |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | Three States Natural Gas Company applied a portion of the proceeds from this transaction to the reduction of its bank indebtedness. The balance of the proceeds was added to the company's general funds and used for such corporate purposes as the Board of Directors determined. The company anticipated that part of the proceeds would be used for the further development of proven properties then owned, exploratory drilling and development of unproven properties, and the possible acquisition of additional oil and gas interests. |