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Microcap & Penny Stocks : OILEX (OLEX) -- Ignore unavailable to you. Want to Upgrade?

To: Richard L. Williams who wrote (2464)	1/13/1998 11:16:00 AM
From: OFW	Respond to of 4276

Richard: When you're in Free Edgar there is a left side window. Scroll down until you see "Body". Click on that and the text will appear in the right window. If you can't get it to work for you let me know and I'll post entire text. It's short. Offie

To: Richard L. Williams who wrote (2464)	1/13/1998 11:20:00 AM
From: OFW	Read Replies (1) \| Respond to of 4276

Text of First of Two SEC Documents TYPE: 8-K SEQUENCE: 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Amended CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 23, 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 December 23, 1997, the Company initiated a placement of 12% Convertible Debentures Due December 31, 1998, with non-U.S. entities, in the amount of $175,000. This placement was arranged by Heyett Capital Ltd., which received a commission of 10% for its services. The terms of the conversion rights are such that the holder of these notes may convert all or a portion of the principal and interest due at any time after 45 days and before one year from the date of closing, into common stock of the Company at a conversion price for each share of Common Stock equal to the lower of (a) 65% of the five-day average closing bid price prior to closing; or (b) 65% of the closing bid price of the Common Stock for the date immediately preceding the date of receipt by the Company of notice of conversion; or (c) 65% of the five-day average closing bid price of the Common immediately preceding the date of receipt by the Company of notice of conversion, as reported by the National Association of Securities Dealers ("NASDAQ"). As of December 31, 1997, a total of $175,000 had been committed. This offering is concluded. 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: January 9, 1998 OILEX, INC./s/ Oliver Timmins, IIIOliver Timmins IIIPresident

To: Richard L. Williams who wrote (2464)	1/13/1998 11:22:00 AM
From: OFW	Read Replies (1) \| Respond to of 4276

Text of Second of Two SEC Documents: 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): December 23, 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 December 23, 1997, the Company initiated a placement of 12% Convertible Debentures Due December 31, 1998, with non-U.S. entities, in the amount of $1,375,000. This placement was arranged by Heyett Capital Ltd., which received a commission of 10% for its services. The terms of the conversion rights are such that the holder of these notes may convert all or a portion of the principal and interest due at any time after 45 days and before one year from the date of closing, into common stock of the Company at a conversion price for each share of Common Stock equal to the lower of (a) 65% of the five-day average closing bid price prior to closing; or (b) 65% of the closing bid price of the Common Stock for the date immediately preceding the date of receipt by the Company of notice of conversion; or (c) 65% of the five-day average closing bid price of the Common immediately preceding the date of receipt by the Company of notice of conversion, as reported by the National Association of Securities Dealers ("NASDAQ"). As of December 31, 1997, a total of $175,000 had been committed. This offering is notconcluded. 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: January 9, 1998 OILEX, INC./s/ Oliver Timmins, IIIOliver Timmins IIIPresident