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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
April 21, 1997
FIRST AMERICAN SCIENTIFIC
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation)
0-27094 88-0338315
(Commission File No.) (IRS Employer ID)
409 Granville Street
Suite 303
Vancouver, British Columbia
Canada V6C 1V5
(Address of principal executive offices and Zip Code)
(604) 681-8656
(Registrant's telephone number, including area code)
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ITEM 9. Sales of Equity Securities Pursuant to Regulation S.
On the 30th day of November, 1996, the Registrant issued to
LCM Equity, Inc. ("LCM"), 303 - 409 Granville Street, British
Columbia, Canada, 181,730 shares of Common Stock at US$0.40 per
share or a total of US$72,692.15 for repayment of a debt owed by
the Registrant on June 30, 1996. The shares were issued in
reliance upon the transaction exemption afforded by Regulation S,
as promulgated by the Securities and Exchange Commission, under the
Securities Act of 1933, as amended.
On the 30th day of November, 1996, the Registrant issued to
LCM Equity, Inc. ("LCM"), 303 - 409 Granville Street, British
Columbia, Canada, 480,650 shares of Common Stock at US$0.40 per
share or a total of US$192,260 for compensation of loans to the
Registrant. The shares were issued in reliance upon the
transaction exemption afforded by Regulation S, as promulgated by
the Securities and Exchange Commission, under the Securities Act of
1933, as amended.
On the 30th day of November, 1996, the Registrant issued to
LCM Equity, Inc. ("LCM"), 303 - 409 Granville Street, British
Columbia, Canada, 142,725 shares of Common Stock at US$0.40 per
share or a total of US$57,090 for expenses paid by LCM on behalf of
the Registrant. The shares were issued in reliance upon the
transaction exemption afforded by Regulation S, as promulgated by
the Securities and Exchange Commission, under the Securities Act of
1933, as amended.
On the 30th day of November, 1996, the Registrant issued to
Monarch Consulting Services ("Monarch"), Philippines, 250,000
shares of Common Stock at US$0.40 per share or a total of
US$100,000 for compensation of loans to the Registrant. The shares
were issued in reliance upon the transaction exemption afforded by
Regulation S, as promulgated by the Securities and Exchange
Commission, under the Securities Act of 1933, as amended.
On the 30th day of November, 1996, the Registrant issued to
Monarch Consulting Services ("Monarch"), Philippines, 87,083 shares
of Common Stock at US$0.40 per share or a total of US$34,833 for
compensation of services render to the Registrant. The shares were
issued in reliance upon the transaction exemption afforded by
Regulation S, as promulgated by the Securities and Exchange
Commission, under the Securities Act of 1933, as amended.
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On the 17th day of January, 1997, the Registrant issued to
Knowlton Capital Inc. ("Knowlton"), 329 Brill Road, Foster, Quebec
Canada, 398,836 shares of Common Stock at US$0.33 per share or a
total of US$131,615.88 as a bonus for new debt financing and for
extending the repayment date of existing loans. The shares were
issued in reliance upon the transaction exemption afforded by
Regulation S, as promulgated by the Securities and Exchange
Commission, under the Securities Act of 1933, as amended.
On the 21st day of January, 1997, the Registrant issued to
Meraloma Club ("Meraloma"), 3814 West 30th Street, Vancouver,
British Columbia, Canada, 16,818 shares of Common Stock at US$0.33
per share or a total of US$5,550 as a bonus for new debt financing.
The shares were issued in reliance upon the transaction exemption
afforded by Regulation S, as promulgated by the Securities and
Exchange Commission, under the Securities Act of 1933, as amended.
On the 21st day of January, 1997, the Registrant issued to
J.K. Lovelock ("Lovelock"), 508 - 1146 Harwood Street, Vancouver,
British Columbia, Canada, 37,273 shares of Common Stock at US$0.33
per share or a total of US$12,300 as a bonus for new debt
financing. The shares were issued in reliance upon the transaction
exemption afforded by Regulation S, as promulgated by the
Securities and Exchange Commission, under the Securities Act of
1933, as amended.
On the 1st day of February, 1997, the Registrant issued to
Huntington Ltd. ("Huntington"), 12113 Hill Street, Douglas, Isle of
Man, Canada, 45,455 shares of Common Stock at US$0.33 per share or
a total of US$15,000 for compensation of services render to the
Registrant. The shares were issued in reliance upon the
transaction exemption afforded by Regulation S, as promulgated by
the Securities and Exchange Commission, under the Securities Act of
1933, as amended.
On the 20th day of February, 1997, the Registrant issued to
834968 Ontario Inc. ("834968"), 408 - 4122 Yonge Street, North
York, Ontario, Canada, 100,000 shares of Common Stock at US$0.33
per share or a total of US$33,000 for compensation of services
render to the Registrant. The shares were issued in reliance upon
the transaction exemption afforded by Regulation S, as promulgated
by the Securities and Exchange Commission, under the Securities Act
of 1933, as amended.
On the 15th day of March, 1997, the Registrant issued to LCM
Equity Inc. ("LCM"), 303 - 409 Granville Street, British Columbia,
Canada, 759,945 shares of Common Stock at US$0.37 per share or a
total of US$281,180 for compensation of services render to the
Registrant. The shares were issued in reliance upon the
transaction exemption afforded by Regulation S, as promulgated by
the Securities and Exchange Commission, under the Securities Act of
1933, as amended.
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SIGNATURE
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.
FIRST AMERICAN SCIENTIFIC CORP.
BY: /s/ Robert Dinning,
Treasurer and Chief Financial Officer
DATED: April 21, 1997
