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OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Infinity Emerging Opportunities Limited
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(Last, First Middle)
Hunkins Waterfront Plaza Main Street P.O. Box 556
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(Street)
Charlestown, Nevis, West Indies
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(City, State Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
05/10/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Tamboril Cigar Company (SMKE)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ x ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ x ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
<PAGE>
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
(1) Common Stock 2,460,014 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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<TABLE>
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Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<CAPTION>
3. Title and Amount of Securities
Underlying Derivative Security
2. Date Exercisable (Instr. 4)
and Expiration Date ---------------------------------
(Month/Day/Year) Amount
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Date Expira- Number
1. Title of Derivative Exer- tion of
Security (Instr. 4) cisable Date Title Shares
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<S> <C> <C> <C> <C>
(1) Series B 8% convertible 9/23/97 Common Stock 4,113,706
preferred stock
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(2) 8% Convertible Debentures 9/23/97 9/22/99 Common Stock 475,740
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(3) Warrants 9/23/97 9/23/02 Common Stock 35,000
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<PAGE>
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Table II (cont.) -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
ship
Form of
Derivative
4. Conver- Security:
sion or Direct 6. Nature of
Exercise (D) or Indirect
Price of Indirect Beneficial
1. Title of Derivative Derivative (I) Ownership
Security (Instr. 4) Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C>
(1) Series B 8% Convertible 1 D
preferred stock
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(2) 8% Convertible Debentures 2 D
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(3) Warrants $5.89 D
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</TABLE>
<PAGE>
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1 The Series B Preferred is convertible into the number of shares of Common
Stock equal to the stated value of the Series B Preferred, together with
all accrued but unpaid dividends thereon through the date of conversion,
divided by the lesser of (i) $4.71 per share, or (ii) 77 1/2% of the
average closing bid price per share for the five trading days immediately
preceding the conversion date (as of July 27, 1998 = $.1938).
2 The Debentures convert into the number of shares of Common Stock equal to
the aggregate principal amount of the Debentures, together with all accrued
but unpaid interest thereon through the date of conversion, divided by the
lesser of (i) $4.71 per share or (ii) 77 1/2% of the average closing bid
price per share for the five trading days immediately preceding the
conversion date (as of July 27, 1998 = $.1938).
Explanation of Responses:
/s/ Stuart J. Chasanoff 8/6/98
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
SEC 1473 (7-96)
