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: May 1, 1998
DRUCKER INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-29670 N/A 0001042053
(State of (Commission (I.R.S. Employer CIK Number
Incorporation) File Number) Identification No.)
#1-1035 Richards Street, Vancouver, B.C. Canada V6B 3E4
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (604) 681-4421
Not Applicable
(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Registrants Certifying Accountant
None.
Item 5. Other Events
The Company has extended the terms of the Series "A" Share
Purchase Warrants from September 30, 1998, to the earlier of:
(i) March 31, 2000; and
(ii) The 90th day after the day on which the
weighted average trading price of the
Company's shares exceeds $2.50 per share
for 10 consecutive trading days.
Upon exercise of the Series "A" Share Purchase
Warrant at $1.50, the holder will receive one Common
Share of the Company and an Additional Warrant
exercisable at $2.00. The term of the Additional
Warrant will be adjusted accordingly to expire one year
after the occurrence of either (i) or (ii) as described
above. The Series "A" Share Purchase Warrants were
originally issued in a May 1997 private placement.
Item 6. Resignation of Directors
None.
Item 7. Financial Statements Pro Forma Financial & Exhibits
None.
Exhibits
None.
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Signatures
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 thereunto duly authorized.
Date: May 1, 1998 DRUCKER INDUSTRIES, INC.
By:/s/ Gerald Runolfson
Gerald Runolfson, President
