Any idea what this means?
CYBERAMERICA CORP rpts sales of equity securities.
IFN Smart Edgar News - May 11, 1998 11:11
%SIC0000 %COM %Unsched %SecChg CNI V%IFN P%SMRT
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Excerpted from 8-K filed on 05/11 by CYBERAMERICA CORP:
CYBERAMERICA CORP rpts sales of equity securities.
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
On April 17, 1998, the board of directors of CyberAmerica Corporation (the
"Company") ratified the execution of a Stock Purchase Agreement (the
"Agreement") with Pienne Chow Sau Har, an individual whose residence is Ficus
Gardens #7D, Fotan-Shatin, N.T., Hong Kong. Pursuant to the Agreement, the
Company received a payment of $17,000 in exchange for issuing 272,000 shares of
the Company's Common Stock all of which shares were exempt from registration
pursuant to an exemption under Regulation S promulgated under the Securities Act
of 1933, (the "Act").
More specifically, the Company received a payment of $17,000 from
Pienne Chow in exchange for an issuance of 272,000 shares of Common Stock. The
stock sold pursuant to this agreement was sold at $0.0625 per share.
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