ALTAREX CORP
6-K, 2000-09-07
PHARMACEUTICAL PREPARATIONS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                        PURSUANT TO RULE 13a-16a, 15d-16
                     OF THE SECURITIES EXCHANGE ACT OF 1934




For the Month of September, 2000

ALTAREX CORP.
(Exact name of Registrant as specified in its charter)

303 WYMAN STREET
SUITE 125
WALTHAM, MA, USA 02451
(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
                  --------               -------

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
     -------          -----


On August 31, 2000 AltaRex Corp. (the "Company") announced that it has closed
the over-allotment option to its previously announced private placement of
Common Shares, resulting in gross proceeds of C$1.2 million and the issuance of
1,380,000 Common Shares.


                          INDEX TO EXHIBITS

EXHIBIT NO.               DESCRIPTION
-----------               -----------

99.1                      Press Release Regarding Private Placement of Common
                          Shares, dated August 31, 2000.



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         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                          ALTAREX CORP.


                                          By: /s/ Edward M. Fitzgerald
                                             --------------------------------

                                          Name:  Edward M. Fitzgerald

                                          Title: Senior Vice President and
                                                   Chief Financial Officer

                                          Date:  September 7, 2000





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