8K Filing
Information concerning recent sales by the registrant
of equity securities that were not registered under the
Securities Act of 1933 in reliance upon Regulation S under
that Act is set forth below. No underwriters were involved
in the transactions, except a finder's fee of 12% was paid
to Select Capital Advisors, Inc. in connection with the sale
of certain convertible debentures. The registrant did not
publicly offer any securities.
(a) As of September 24, 1997, 100,000 shares were
issued to Vince Aballini in connection with a certain
financing arrangement evidenced by a $150,000 promissory
note.
(b) As of September 24, 1997, 50,000 shares were issued
to B. Benedet Holdings Inc. in connection with a certain
financing arrangement evidenced by a $150,000 promissory
note.
(c) As of September 24, 1997, 600,000 shares were
issued to Brent L, Wipp upon conversion of a $101,818.18
convertible promissory note.
(d) As of September 24, 1997, 900,000 shares were
issued to World Technological Supply Inc. upon conversion of
its $152,727.27 convertible promissory note.
(e) As of September 24, 1997, 421,053 shares were
issued to Dayton Park, L.L.C. upon conversion of an $80,000
convertible promissory note.
(f) As of September 26, 1997, 2,500,000 shares were
issued to X.T.C. Investments Ltd./Centrum Bank Vaduz
pursuant to a certain financing arrangement evidenced by a
$500,000, with 1,500,000 shares pledged as security and
1,000,000 shares paid as a fee.
(g) As of September 30, 1997, 500,000 shares were
issued to Enrique Denegri upon conversion of a $125,000
convertible debenture.
(h) As of September 30, 400,000 shares were issued to
Alfredo H. Maniotti upon partial conversion of $100,000 of a
$125,000 convertible debenture.
(i) As of October 6, 1997,,250,000 shares were issued
to Reg S intercontinental Investments Ltd. upon conversion
of a $62,500 convertible debenture. |
