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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
OCTOBER 8, 1999
Date of report (Date of earliest event reported)
BIG BUCK BREWERY & STEAKHOUSE, INC.
(Exact Name of Registrant as Specified in Charter)
MICHIGAN 0-20845 38-3196031
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
550 SOUTH WISCONSIN STREET
GAYLORD, MICHIGAN 49734
(Address of Principal Executive Offices, including Zip Code)
(517) 731-0401
(Registrant's Telephone Number, including Area Code)
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ITEM 5 OTHER EVENTS
Reference is made to the press release issued to the public by Big Buck
Brewery & Steakhouse, Inc. on October 25, 1999, announcing the company's
issuance of $650,000 principal amount of convertible subordinated
promissory notes. Such press release is attached hereto as an exhibit.
ITEM 7 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99.1 Press release dated October 25, 1999.
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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 on October 25, 1999.
BIG BUCK BREWERY & STEAKHOUSE, INC.
By: /s/ Anthony P. Dombrowski
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Anthony P. Dombrowski
Chief Financial Officer
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EXHIBIT INDEX
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EXHIBIT
NUMBER DESCRIPTION
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<S> <C>
99.1 Press release dated October 25, 1999.
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EXHIBIT 99.1
BIG BUCK BREWERY & STEAKHOUSE ISSUES CONVERTIBLE SUBORDINATED PROMISSORY NOTES
GAYLORD, Mich., Oct. 25 - Big Buck Brewery & Steakhouse, Inc. today
announced that it has issued an aggregate of $650,000 principal amount of
convertible subordinated promissory notes in a private placement to four
accredited investors. Each unsecured one-year note bears interest at the rate
of 10% per year and may be converted, prior to maturity and at the option of the
holder, into shares of common stock. The number of shares issuable upon
conversion is equal to the unpaid principal balance of the note divided by the
average of the closing sale price of one share of Big Buck's common stock for
the five trading days immediately prior to execution of the note.
Big Buck may issue up to an additional $350,000 principal amount of such
notes. Big Buck plans to use the proceeds from the private placement for the
repayment of existing indebtedness and for working capital purposes.
The notes and the shares issuable upon conversion of the notes have not
been registered under the Securities Act of 1933 and have not been registered
under any state securities laws. They may not be offered or sold absent
registration under the Securities Act and under applicable state securities laws
or applicable exemptions from federal and state registration requirements.