Particle Drilling Technologies, Inc.
Post-Effective Amendment to Registration Statement Declared
Effective
HOUSTON, March 3 /PRNewswire-FirstCall/ -- Particle
Drilling Technologies, Inc. (Nasdaq: PDRT) ("PDTI") today
announced that the post-effective amendment to its
registration statement on Form S-3 to register the resale,
from time to time, of 14,131,538 shares of its common stock by
selling shareholders named in the registration statement has
been declared effective by the staff of the Securities and
Exchange Commission.
PDTI prepared and filed the registration statement
pursuant to registration rights that it had granted to certain
of its stockholders.
This press release shall not constitute an offer to sell
or the solicitation to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such
jurisdiction.
Contacts:
J. Chris
Boswell, SVP & CFO Particle Drilling Technologies,
Inc. 713-223-3031 ext. 204
Ken Dennard, Managing Partner Jack Lascar, Partner
DRG&E / 713-529-6600
|