U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person: Maynard Victor, 1815 Mapleview
Drive, Bountiful, UT 84010
2. Date of Event Requiring Statement (Month/Date/Year): 07/27/1999
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol: NATEX CORPORATION (NATX)
5. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
( ) Director ( ) Officer, give title below (X) 10% Owner ( ) Other
Title: N/A
6. If Amendment, Date of Original (Month/Day/Year): N/A
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I - Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
<C> <C> <C> <C>
1. Title 2. Amount of 3. Ownership Form: 4. Nature of
of Securities Direct(D)or Indirect Beneficial
Security Beneficially Owned Indirect(I) Ownership
-------- ------------------ --------------- -------------------
Common Stock 25,000 D N/A
Common Stock 60,000 I Shares held of record by Victor
Investments, LLC, a limited liability
company controlled by Maynard Victor
</TABLE>
TABLE II - Derivative Securities Beneficially Owned
1. Title of Derivative Security: Warrant
2. Date Exercisable (Month/Day/Year): 5/7/1999
Expiration Date(Month/Day/Year): 3/29/2002
3. Title: Common Stock
Amount of Securities Underlying Derivative Security (Amount of Number of
shares): 50,000
4. Conversion or Exercise Price of Derivative Security: $ 1.00
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I): I
6. Nature of Indirect Beneficial Ownership: Warrant held of record by Victor
Investments, LLC, a limited liability company controlled by Maynard Victor.
Explanation of Responses:
Signature of Reporting Person: /s/Maynard Victor
Date: 11/1/99
