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FORM 3 -------------------------------
OMB APPROVAL
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OMB number: 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response..........0.5
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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
<S> <C> <C>
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| |
1. Name and Address of Reporting Person | 2. Date of Event Re- | 4. Issuer Name and Ticker or Trading Symbol
| quiring Statement |
Crossland, Ltd. | (Month/Day/Year) | Advanced Oxygen Technologies, Inc.
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(Last) (First) (Middle) | | |
| 12/18/97 | 5. Relationship of Reporting | 6. If Amendment, Date
104B Saffrey Square | | Person to Issuer | of Original
- ----------------------------------------------|--------------------------| (Check all applicable) | (Month/Day/Year)
(Street) | 3. IRS or Social Se- | |
| curity Number of | __ Director X 10% Owner|
| Reporting Person | __ Officer __ Other |
| (Voluntary) | (give title (specify |
Bank Lane and Bay Street | | below) below) |
Box N-1612 | | |
Nassau, Bahamas | | ----------------- |
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(City) (State) (Zip) | Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security | 2. Amount of Securities | 3. Ownership | 4. Nature of Indirect
(Instr. 4) | Beneficially Owned | Form: Direct | Beneficial Ownership
| (Instr. 4) | (D) or Indirect | (Instr. 5)
| | (I) (Instr. 5) |
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Common Stock | 5,937,500 shares | D |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (8/92)
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FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g.,
puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative | 2. Date Exercisable | 3. Title and Amount of | 4. Conver- | 5. Owner- | 6. Nature of
Security | and Expiration | Securities Underlying | sion or | ship | Indirect
(Instr. 4) | Date | Derivative Security | Exercise | Form of | Beneficial
| (Month/Day/Year) | (Instr. 4) | Price of | Deriv- | Ownership
| | | Deri- | ative | (Instr. 5)
| | | vative | Security: |
| | | Security | Direct |
|------------------------|------------------------------| | (D) or |
| Date | Expira- | Title | Amount or | | Indirect |
| Exer- | tion | | Number of | | (I) |
| cisable | Date | | Shares | | (Instr. 5)|
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Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ L.H. Osterlolt, Pres. 1/16/98
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Note: File three copies of this Form, one of which must be manually signed. ** Signature of Reporting Date
If space provided is insufficient, See Instruction 6 for procedure. Person
Page 2
SEC 1473 (8/92)
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