United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 23, 1997
Coastal Caribbean Oils & Minerals, Ltd.
(Exact name of registrant as specified in its charter)
Bermuda 1-4668 NONE
State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Clarendon House, Church Street, Hamilton HM DX, BERMUDA NONE
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (441) 295-1422
(Former name or former address, if changed since last report.)
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FORM 8-K
COASTAL CARIBBEAN OILS & MINERALS, LTD.
Item 5. Other Events
On June 23 1997, five directors, Charles T. Collis, Nicholas B. Dill,
Benjamin W. Heath, John D. Monroe and Phillip W. Ware, were re-elected at the
Company's annual meeting.
The shareholders also ratified the appointment of the Company's
auditors, Ernst & Young LLP, as well as a proposal to increase authorized common
stock from 100 to 250 million shares. A proposal to authorize 10 million shares
of preferred stock was not carried.
The meeting was adjourned until July 25 for additional consideration
of a proposal to amend and restate the Company's bylaws.
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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 thereunto duly authorized.
COASTAL CARIBBEAN OILS & MINERALS, LTD.
(Registrant)
By /s/ Benjamin W. Heath
Benjamin W. Heath
President
Date: June 27, 1997
