MAGNOLIA FOODS <CAFE.O> COMPLETES OFFERING
Magnolia Foods Inc said it
completed a 250,000 dlr private offering of convertible
preferred and common purchase warrants.
    Magnolia also said it signed a license agreement and
approved a conversion site in Tulsa, Okla., and its previously
approved conversion site in Colorado Springs, Colo., will be
opened in late July.
    Magnolia operates nine cafes: four are licensed, four are
are joint ventures and one is company owned.
 Reuter
