FORM 10-C
Securities and Exchange Commission
Washington, DC 20549
Report by issuer of securities quoted on The Nasdaq Stock Market,
filed pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 and Rule 13a-17 or 15d-17 thereunder.
EXACT NAME OF ISSUER AS SPECIFIED IN CHARTER: Niagara Corporation
ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 667 Madison Avenue,
New York, NY
ISSUER'S TELEPHONE NUMBER (INCLUDING AREA CODE): 212-317-1000
I. Change in Number of Shares Outstanding
Indicate any change (increase or decrease) of five percent or
more in the number of shares outstanding:
1. Title of security common stock, par value $.001 per share
2. Number of shares outstanding before the change 3,668,750
3. Number of shares outstanding after the change 3,954,465
4. Effective date of change April 18, 1997
5. Method of change issuance of shares pursuant to a private
placement
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock
for treasury, etc.)
Give brief description of transaction issuance and sale of
285,715 shares of common stock to several institutional
accredited investors
II. Change in Name of Issuer
1. Name prior to change _____________________________________________
2. Name after change ________________________________________________
3. Effective date of charter amendment changing name ________________
4. Date of shareholder approval of change, if required ______________
April 18, 1997 /s/ Michael J. Scharf President and Chief
Executive Officer
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DATE OFFICER'S SIGNATURE AND TITLE
Return To: The Nasdaq Stock Market
Attn: 10C Form
80 Merritt Boulevard
Trumbull, CT 06611
(203) 375-9609
