FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 3, 1997
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TURBODYNE TECHNOLOGIES INC.
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(Translation of registrant's name into English)
Suite 510, 1090 West Pender Street, Vancouver, BC, Canada,
V6E 2N7
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will
file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing
the
information contained in this form is also thereby furnishing the
information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act
of 1934.
Yes No X
------ ------
[If "Yes" is marked, indicate below the file number assigned
to the
registrant in connection with Rule 12g3-2(b):82
___________
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934,
the registrant
has duly caused this report to be signed on its behalf by the
undersigned,
thereunto duly authorized.
July 30, 1997
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Date /s/Leon E. Nowek
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Signature
Leon E. Nowek
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Name
Chief Financial Officer
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Title
<PAGE>
THIS IS THE FORM OF MATERIAL CHANGE REPORT REQUIRED UNDER SECTION
67(1) OF THE
SECURITIES ACT.
FORM 27
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SECURITIES ACT
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MATERIAL CHANGE REPORT UNDER SECTION 67(1) OF THE ACT
ITEM 1. REPORTING ISSUER
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TURBODYNE TECHNOLOGIES INC.
Suite 510,
1090 W. Pender St.
Vancouver, B.C. V6E 2N7
Telephone: (604) 682-8854
Facsimile: (604) 682-2432
ITEM 2. DATE OF MATERIAL CHANGE
-----------------------
March 3, 1997
ITEM 3. PRESS RELEASE
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March 11, 1997
ITEM 4. SUMMARY OF MATERIAL CHANGE
--------------------------
Turbodyne Technologies Inc. (the "Company") announced
today that its
Board of Directors have adopted a stock option plan
designated the
"1997 Stock Option Plan" (the "Plan").
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
-----------------------------------
Turbodyne Technologies Inc. announced today that its
Board of
Directors have adopted a stock option plan designated the
"1997 Stock
Option Plan". Under the terms of the Plan the directors
may grant
options to eligible optionees to purchase up to 2,840,000
shares of
the Company at a price equal to the market price of the
Company's
shares at the date of grant.
The Plan contains vesting and other customary provisions.
The Plan
is subject
<PAGE>
to the approval of the Vancouver Stock Exchange and the
shareholders of the Company. Any options granted prior
to these
approvals can not be exercised until the approvals are
obtained.
ITEM 6. RELIANCE ON SECTION 67(2) OF THE ACT
------------------------------------
Not Applicable
ITEM 7. OMITTED INFORMATION
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None
ITEM 8. SENIOR OFFICERS
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EDWARD M. HALIMI - President
6155 Carpinteria Avenue
Carpinteria, California
93013
Telephone: (805) 684-4551
ITEM 9. STATEMENT OF SENIOR OFFICER
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The foregoing accurately discloses the material change
referred to
herein.
MARCH 11, 1997
- -------------------------------------------
Date
/S/ EDWARD HALIMI
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(signature)
EDWARD M. HALIMI
- --------------------------------------------
Name
PRESIDENT
- --------------------------------------------
Position
CARPINTERIA, CA
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Place of Declaration
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