U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3/A
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person: Robert K. Ipson,
48 West 300 South, #2303N, Salt Lake City, UT 84101
2. Date of Event Requiring Statement (Month/Date/Year): 06/25/1999
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)
(X) Director (X) Officer, give title below (X) 10% Owner ( ) Other
Title: President
6. If Amendment, Date of Original (Month/Day/Year): 07/12/1999
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 271,000 D N/A
Common Stock 30,000 I Shares held of record by Linda L.
Ipson, spouse of Robert K. Ipson
Common Stock 800 I Shares held of record by the Robert K.
Ipson, IRA
Common Stock 500 I Shares held of record by the Linda Lou
Ipson, IRA
</TABLE>
TABLE II - Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
<C> <C> <C> <C> <C> <C>
1. 2. Date Exer- 3. Title and Amount of 4. Conver- 5. Ownership 6.
cisable and Securities Underlying sion or Form of
Expiration Derivative Security Exercise Derivative Nature
Date -------------------- Price of Security of
Title of (Month/Day/Year) Amount of Deri- Direct (D) Indirect
Derivative ---------------- Number of vative or In- Beneficial
Security Exercisable/Expiration Title of Shares Security direct (I) Ownership
- - -------- ---------------------- ----- --------- -------- ---------- ---------
Options 1/31/1998 1/31/2002 Common Stock 50,000 $ 1.00 D N/A
Options 3/31/1998 3/31/2002 Common Stock 50,000 $ 1.00 D N/A
Warrants 5/7/1999 3/30/2002 Common Stock 50,000 $ 1.00 D N/A
Warrants 5/7/1999 3/30/2002 Common Stock 70,000 $ 1.00 I Purchase Warrant held of
record by Linda L. Ipson,
spouse of Robert K. Ipson
Warrants 6/7/1999 6/6/2002 Common Stock 150,000 $ 1.00 D N/A
</TABLE>
Explanation of Responses:
Signature of Reporting Person: /s/Robert K. Ipson
Date: 9/21/99
