SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): January 7, 1999
CANISCO RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-12293 54-0952207
(State or Other
Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
300 Delaware Avenue, Suite 714, Wilmington, Delaware 19801
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (302) 777-5050
Item 5 Other Events
Canisco Resources, Inc., a Delaware corporation (the "Company"), has
previously announced that it entered into a Securities Purchase Agreement,
dated as of October 16, 1998 (the "Agreement"), by and among Mellon Ventures,
L.P. ("Mellon Ventures") and Morse Partners, Ltd. ("Morse Partners" and
collectively with Mellon Ventures the "Investors") and the Company, pursuant
to which the Investors were to be entitled to purchase up to an aggregate of
75,000 shares of convertible preferred stock of the Company.
On January 7, 1999 the Company terminated the Agreement pursuant to Section
6.1(b)(i). This permitted the Company to initiate discussions with other
potential investors. The Company is continuing discussions with the Investors
and reference is made to the amendments to the Schedule 13D filings of the
Investors filed on January 8, 1999. No agreement has yet been reached with
any investor group and there can be no assurance that a definitive agreement
will be reached in the future with any potential investor.
Item 7 Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits
10.2 Securities Purchase Agreement, dated as of October 16,
1998, by and among Mellon Ventures, L.P and Morse Partners, Ltd.
and Canisco Resources, Inc. (incorporated by reference, see
Exhibit 10.2 to 8-K filed October 30, 1998).
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
Dated January 14, 1999
CANISCO RESOURCES, INC.
By:_________________________________
Ralph A. Trallo
President
