UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): November 25,1997
Commission file number 333-19183
JYRA RESEARCH INC ( A Development Stage Enterprize )
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(Exact name of registrant as specified in its charter)
Delaware 98-0167341
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
HAMILTON HOUSE,111 MARLOWES, HEMEL HEMPSTEAD, HERTFORDSHIRE HP1 1BB UK
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(address of principal executive offices) (Zip Code)
(44) 1442 403600
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(Registrant's telephone number, including area code)
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Item 9. Sales of Equity Securities Pursuant to Regulation S
On November 25, 1997, the Company completed an offering to non-U.S.
investors of common stock with par value of $0.001 per Share ("Shares"). The
Company sold 315,000 Shares of common stock at $8.00 per Share for gross
proceeds of $2,520,000. The Shares were sold to customers of Ten Cate & Cie
NV., a Dutch Investment Bank located in the Netherlands. All of the subscribers
are Non-US residents and are residents of the Netherlands. The offering,
including the Shares issued as payment of commission, was completed pursuant to
the exemption from registration contained in Regulation S promulgated under the
Securities Act of 1933, as amended. The offering was managed by Ten Cate
& Cie N.V. and LTR Consultancy bv., both of whom are Dutch corporations
located in the Netherlands and each of whom received a commission 11,025 Shares
equating to seven percent(22,050 Shares) of the 315,000 Shares sold.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
JYRA RESEARCH INC
(Registrant)
By: /s/ Paul Robinson
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Paul Robinson
President & CEO
December 5, 1997
By: /s/ Roderick Adams
_____________________
Roderick Adams
Chief Financial Officer,
Director (Principal Financial
and Accounting Officer)
December 5, 1997
