| Coyote Sports, Inc. | |||
| Ticker: | COYT | 2291 Arapahoe Avenue | |
| Exchange: | NASDAQ-Small Cap Market | Boulder, CO 80302 | |
| Industry: | Manufacturing (SIC Code 3949) | (303) 417-0942 | |
| Type of Shares: | Common Shares | Filing Date: | 6/12/97 | |
| U.S. Shares: | 1,050,000 | Offer Date: | 9/17/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $4.00 - $6.00 | |
| Primary Shares: | 1,050,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $5,250,000 | Selling: | $0.25 | |
| Expenses: | $630,000 | Reallowance: | ||
| Shares Out After: | 4,650,000 |
| Manager | Tier | Phone |
| Cohig & Associates Inc. | Lead Manager | (303) 694-0295 |
| Issuer's Law Firm: | Chrisman, Bynum & Johnson |
| Bank's Law Firm: | Clanahan, Tanner, Downing & Knowlton, P.C. |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $5.45 | $5.38 | $0.01 | Assets: | $15.46 |
| Net Income: | -$0.37 | -$0.50 | -$0.10 | Curr Assets: | |
| EPS: | -$0.11 | -$0.14 | -$0.03 | Liabilities: | $10.43 |
| Prior EPS: | -$0.06 | -$1.12 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$0.34 | Equity: | $5.03 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, engineers, manufactures, markets and distributes brand name sports equipment and recreational products worldwide. These include steel and graphite golf shafts, premium grade cycle tubing, composite ski poles and javelins. The company produces graphite and other advanced composite materials for use in the production of golf shafts, fishing poles, ski poles, hockey sticks and other third party manufactured products. The company will be producing aluminum extruded alloys for such products as cycle tubing, ski poles and tennis rackets. The company manufactures its Apollo golf shafts in its manufacturing facility in Oldbury, England, its Reynolds cycle tubing in tyseley, England, its ICE ski poles and graphite and other advanced composite materials in California and will be manufacturing extruded aluminum alloys in Southeast Asia. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for acquisitions, loan repayment, capital equipment for Sierra Materials and Pentiumatics, debt repayment for Sierra Materials, repayment of stockholder notes, marketing and working capital. |