Colorado Springs--Dec. 24, 1997--Ramtron International Corp. (Colorado Springs) announced the completion of a private equity placement of 800,000 shares of common stock amounting to gross proceeds of approximately $4 million.
The placement consisted of the sale of common stock to an institutional investor specializing in small-capitalization stocks. Cappello Capital Corp. and CEA Montgomery Media L.L.C. acted as placement agents.
Ramtron plans to use the net proceeds of the equity placement to fund working capital and for general corporate purposes, including continued research and development, manufacturing, and marketing of its ferroelectric random access memory (FRAM) and enhanced dynamic random access memory (EDRAM) technologies.
Ramtron Communications Department
1850 Ramtron Dr.
Colorado Springs, CO 80921
(800) 545-DRAM (3726)
Fax: (719) 488-9095
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