Dawson Geophysical Files Shelf Registration Statement
01 April 2009 - 12:07AM
PR Newswire (US)
MIDLAND, Texas, March 31 /PRNewswire-FirstCall/ -- Dawson
Geophysical Company (NASDAQ:DWSN) announced today that it has filed
a shelf registration statement with the Securities and Exchange
Commission covering the offer and sale from time to time of up to
$100 million in debt securities, preferred and common stock, and
warrants. The registration statement will replace the Company's
previous registration statement, which expired on November 30,
2008. The features of the registration statement allow the Company
to sell securities, after the registration statement has been
declared effective by the SEC, in one or more separate offerings
with the size, price and terms to be determined at the time of
sale. The terms of any securities offered would be described in a
related prospectus to be filed separately with the SEC at the time
of the offering. The Company said that it does not expect to make
an offering at this time and has made the filing to enable the
Company to act quickly as opportunities arise. A registration
statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale
of these securities in any State in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such State. Dawson Geophysical
Company is the leading provider of U.S. onshore seismic data
acquisition services as measured by the number of active data
acquisition crews. Founded in 1952, Dawson acquires and processes
2-D, 3-D, and multi-component seismic data solely for its clients,
ranging from major oil and gas companies to independent oil and gas
operators as well as providers of multi-client data libraries. In
accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, Dawson Geophysical
Company cautions that statements in this press release which are
forward-looking and which provide other than historical information
involve risks and uncertainties that may materially affect the
Company's actual results of operations. These risks include, but
are not limited to, the volatility of oil and natural gas prices,
disruptions in the global economy, dependence upon energy industry
spending, limited number of customers, credit risk related to our
customers, cancellations of service contracts, high fixed costs of
operations, weather interruptions, inability to obtain land access
rights of way, industry competition, managing growth, the
availability of capital resources and operational disruptions. A
discussion of these and other factors, including risks and
uncertainties, is set forth in the Company's Form 10-K for the
fiscal year ended September 30, 2008. Dawson Geophysical Company
disclaims any intention or obligation to revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise. http://www.dawson3d.com/ DATASOURCE: Dawson
Geophysical Company CONTACT: L. Decker Dawson, Chairman, or Stephen
C. Jumper, CEO and President, or Christina W. Hagan, Chief
Financial Officer, all of Dawson Geophysical Company,
1-800-332-9766 Web Site: http://www.dawson3d.com/
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