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PDGE PDG Environmental Registers 16.4M Shares For Holders >PDGE

09/23/2005
Dow Jones News Services
(Copyright © 2005 Dow Jones & Company, Inc.)


WASHINGTON (Dow Jones)--PDG Environmental Inc. (PDGE) on Friday filed a registration to allow for the sale from time to time of up to 16.4 million shares of common stock by stockholders.

According to a Form S-3 filed with the Securities and Exchange Commission, PDG Environmental issued the shares to the selling holders in a private placement in July.

The selling holders will receive all of the proceeds from the sale of shares of common stock, but the company will receive the proceeds from any cash exercise of the warrant by the selling holders, the filing said.

No underwriters were listed in the filing.

PDG Environmental is a national specialty contractor providing asbestos abatement, mold remediation, disaster restoration, demolition and related services.

The company's shares closed Thursday at $2.69 each.

-Brian Coyle, Dow Jones Newswires; 202-862-3545


(END) Dow Jones Newswires

09-23-05 0740ET

Copyright (c) 2005 Dow Jones & Company, Inc.