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) July 21, 1997
POWERTRADER, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-22329 98-0163116
(Commission File Number) (IRS Employer Identification No.)
Suite 591, 885 Dunsmuir Street, Vancouver, British Columbia V6C 1N5
(Address of Principal Executive Offices) (Zip Code)
(604) 685-1529
(Registrant's Telephone Number, Including Area Code)
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Item 9. Sales of Equity Securities Pursuant to Regulation S
On July 21, 1997, PowerTrader, Inc., a Delaware corporation (the
"Registrant"), completed its sale of 250,000 units, each unit consisting of one
share of the Registrant's common stock, par value $0.01 per share ("Common
Stock"), and two warrants, each warrant to purchase one additional share of
Common Stock at an exercise price of US$3.50, to an institutional investor
located in the Bahamas for cash consideration in the aggregate amount of
US$812,500. Such transaction was consummated in reliance upon the exemptive
provisions of Regulation S promulgated 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 hereto duly authorized.
Date: August 5, 1997
POWERTRADER, INC.
By: /s/ David C. Furlonger
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David C. Furlonger
Secretary, Chief Financial Officer
and Director
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