PENN PACIFIC <PPAC.O> TO SELL DEBT OUTSIDE U.S.
Penn Pacific Corp said it
plans to place about two mln dlrs of convertible debentures
with persons outside the U.S. through Euro Continental
Securities.
    The offering will not be registered within the U.S., the
company said. It also said it is discussing placing additional
convertible debentures with London-based financial
institutions.
 Reuter
