OILEX FILES 8-K TO SEC: ISSUES 93,500 WARRANTS.
Listen,Guys, I'm not responsible for making this stuff up, I merely post what the company files to the SEC. Please note the filing does not reveal the terms of the warrants, i.e. how many shares each warrant is entitled to receive. Any one of you with warrant experience might wish to comment. Hey, at least it's not a debenture.
Offie
TYPE: 8-K SEQUENCE: 1 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8,1997
OILEX, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 0-28686
Nevada 33-01944489
(State or other jurisdiction (IRS Employer
of incorporation or organization) identification No.)
3050 Post Oak Boulevard, Suite 1760
Houston, Texas 77056
(Address of principal executive offices)
(713) 629-5998
Registrant's telephone number
ITEM 9. Sales of Equity Securities Pursuant to Regulation S.
On September 8, 1997, the Company issued 93,500 warrants to
acquire common stock (pre-reverse, 4675 post-reverse) in the
company at an exercise or purchase price of $0.48 per pre-reverse
share ($9.60 post-reverse share), which right of purchase will
expire, if not exercised, on August 31, 2002. These rights were
issued in recognition of services rendered to the company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.Dated: February 10, 1998
OILEX, INC./s/ Oliver Timmins, IIIOliver Timmins IIIPresident |
