FORM 3
OMB Approval
OMB Number 3235-0104
Expires: February 1, 1994
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to
Section 16(a) of the securities Exchange Act of 1934, Section 17(a) of the
Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment
Company Act of 1940
___ Check if no longer subject to Section 16, Form 4 or Form 5,
Obligation may continue. See Instructions
_X_ Form 3 Holdings Reported
___ Form 4 Transaction
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1. Name and Address of Reporting Person: Nichols, Gary D.
265 Sunrise Ave., Suite 204
Palm Beach, FL 33480
2. Date of Event Requiring Statement: Nov-06-1999
3. IRS or SSN of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol: Aquaculture Resources
Management, Inc.
5. Relation of Reporting Person to Issuer X Director
X 10% owner
X Officer (Title):
_ Other (Specify)
6. If Amendment, Date of Original:
7. X Filed by One Reporting Person. _ Filed by more
than One Reporting Person.
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Security: Common Stock C.S. Warrants
2. Amount of Securities
Beneficially Owned: 5,000,000
3. Ownership Form;
Direct (D) or Indirect (I): D
4. Nature of Indirect Beneficial
Ownership:
*If the form is filed by more than one Reporting Person, see instruction 5(b)(v)
Reminder: Report on a separate Line for each class of securities beneficially
owned directly or indirectly.
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Derivative Security: N/A
2. Date Exercisable and Expiration Date:
3. Title and Amount of Underlying Securities:
4. Conversion or Exercise Price of Derivative
Securities:
5. Ownership of Derivative Securities; Direct (D) or Indirect (I):
6. Nature of Indirect Beneficial Ownership:
EXPLANATION OF RESPONSES:
/s/Gregory D. Nichols Date: 11/05/99
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**Signature of Reporting Person
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See Sections 18 U.S.C. 1001, 15 U.S.C. 78ff(a).
