LOCKHART CARIBBEAN
CORPORATION
__________
Supplement No. 3
to
Prospectus dated February 4, 1998
___________
In August 1998, we suspended our best efforts offering of units consisting
of one share of Class A common stock and one warrant to purchase one-tenth of a
share of Class A common stock. Due to adverse market conditions for initial
public offerings generally and the under-performance of the real estate sector
of the market in particular, as well as other factors, we are terminating our
offering.
Our prospectus indicates that the offering of the units would terminate no
later than February 4, 1999. In order to sell any units, we had to receive
subscriptions totaling $7.5 million. We had not received the requisite minimum
subscriptions when we suspended the offering. We will now promptly return all
subscription funds held in escrow, including interest earned on such funds.
This Supplement No. 3 supersedes and, to the extent it is inconsistent
with, replaces prior supplements to the prospectus.
If you have any questions, please contact Christine O'Keefe, Vice
President/Investor Relations, at:
e-mail: [email protected]
phone: (340) 776-1900
fax: (340) 776-1940
FEBRUARY 3, 1999
