2 Companies to Raise Cash Through Stock Sales

Two Ventura County firms are planning to raise cash through stock sales--in one case, to purchase a holding company that was set up in an unsuccessful takeover attempt.

California Amplifier Inc., a Camarillo producer of equipment used in distributing TV signals by microwave, is seeking Securities and Exchange Commission approval for a proposed offering of 1 million common shares.

Michael Ferron, Cal Amplifier’s vice president for finance, said the company’s net proceeds from the offering are expected to exceed $5.6 million. Of this, about $3 million will be used to buy CAMP Acquisition Corp., which owns 455,000 of Cal Amplifier’s shares that were acquired in an unsolicited tender offer in 1991.

Cal Amplifier will supply 800,000 of the shares to be sold, and the rest will come from a trust established by a company founder, Jorge Levisman, who died in April. Cal Amplifier will use part of its share of the proceeds to retire debt and part to pay for operations, Ferron said.

In another transaction, Ventura-based Biopool International Inc. signed a letter of intent to sell $2-million worth of unregistered stock to International Capital Partners, a Stamford, Conn., investment company.

Proceeds from the sale, expected to be completed by April 30, will be used to pay down existing debt and for equipment and research, said Michael D. Bick, Biopool’s chief executive officer. Biopool produces test kits used in diagnosing blood and other disorders.