SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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): April 30, 1997
KESTREL ENERGY, INC.
(Exact Name of Registrant as Specified in its Charter)
COLORADO 0-9261 84-0772451
(State of Incorporation) (Commission File (IRS Employer ID
Number) Number)
999 18th Street, Suite 1100
Denver, Colorado 80202
(Address of Principal Executive Offices)
(303) 295-0344
(Registrant's Telephone Number,
including Area Code)
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Item 9. Sales of Equity Securities Pursuant to Regulation S
On April 30, 1997, the Registrant sold 2,502,000 shares of its no par
value Common Stock pursuant to an offering by the Registrant under
Regulation S to qualified non-U.S. investors for an aggregate of
$5,004,000. A placement agent received $270,000 in commissions for
placement of the offering.
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.
Date: May 7, 1997 KESTREL ENERGY, INC.
By:/s/Timothy L. Hoops
Timothy L. Hoops, President
