SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Pursuant to section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 28, 1999
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TRIMFAST GROUP INC
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(Name of Registrant as specified in its charter)
Nevada 0-26675 88-0367136
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation or organization) No.) Identification No.)
777 S. Harbor Island Boulevard #260 Tampa, Florida 33602 (813) 275-0050
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(Address and telephone number of principal executive offices)
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ITEM 5. OTHER EVENTS
The Company has entered into a $15 million equity line financing
arrangement with Kingsbridge Capital Limited, an institutional investor that
specializes in such financing arrangements.
Under the terms of the financing, the Company may incrementally draw up
to an aggregate of $15 million in cash over the next two years in exchange for
the Company's common stock. The Company may begin to draw funds from Kingsbridge
under the financing arrangement upon the effective registration of the Company's
shares with the Securities and Exchange Commission.
Subject to the Company's satisfaction of certain conditions precedent,
the decision to draw any of the funds available from Kingsbridge under the
financing arrangement and the timing of any such draw are at the sole discretion
of the Company. In consideration for the availability of the equity line
arrangement, the Company will issue shares in respect of each draw at a discount
of either 12% or 14 % depending upon the trading price of the Company's common
stock at the time of any draw.
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 duly authorized.
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TrimFast Group, Inc.
(REGISTRANT)
DATE: November 2, 1999 /s/ MICHAEL MUZIO
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MICHAEL MUZIO, PRESIDENT
