Private placement by GX Technology (October 1996)

Houston-based seismic software specialist GX Technology Corporation has completed a private placement of $1,500,000 in Senior Notes. The financing was provided by KABET and Nations Bank Capital Corporation. In a related action the company appointed Douglas C Williamson as its vice chairman. Williamson is senior vice president of Nations Bank Capital Corporation and has served on GX Technology's board since Nov 1994.

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