FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: January 11, 1999
BIG SKY TRANSPORTATION COMPANY
(Exact Name of Registrant as Specified in Its Charter)
Montana 1-7991 81-0387503
(State of Incorporation) (Commission File Number) IRS Employer I.D. No.
1601 Aviation Place
Billings MT 59105
(Address of Principal Executive Office and Zip Code)
Kim B. Champney
Big Sky Transportation Co.
1601 Aviation Place
Billings MT 59105
(406) 245-9449
(Name, Address & Telephone Number, Including Area Code, of Agent for Service)
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
The registrant has entered into a letter of understanding with Northern
Rockies Venture Fund Limited Partnership of Butte, Montana (NRVF) for an
investment by NRVF and affiliates in the registrant's 1996 Series Common
Stock in an amount no less than $125,000 and no greater than $225,000.
Completion of the transaction is contingent upon finalization of due
diligence, document execution, and securities compliance and is expected
to occur by January 29, 1999. The investment will be in the form of a
private placement and the stock to be issued will be subject to certain
trading restrictions. The price was set at $1.75 per share, last price
paid in a public stock transaction as of the date of the finalization of
negotiations. The funds invested will be utilized by the registrant for
working capital requirements related to its recent expansion of scheduled
airline service in Montana and in the south central region of the United
States. These shares are being purchased for investment purposes.
A director of the registrant, Stephen D. Huntington, is a principal of NRVF.
BIG SKY TRANSPORTATION CO.
By /s/ Kim B. Champney
Kim B. Champney
President/CEO and Director
