FOXMOOR INDUSTRIES LTD
8-K, 1997-06-25
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                       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:  June 19, 1997

                             Foxmoor Industries, Ltd.
             (Exact Name of Registrant as specified in its charter)

                                   Colorado

    000-11333                                               84-0862501
Commission File Number                              IRS Identification No.

            3801 E. Florida Avenue, Suite 105, Denver, Colorado 80210
         --------------------------------------------------------------
                Address of Principal Executive Office Postal Code

                                  303-759-4626
                Registrant's telephone number including area code







Item 7.  Financial Statements and Exhibits

       (c) 1.  Press Release dated June 18, 1997.

<PAGE>
                                   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 hereunto duly authorized.




                                             FOXMOOR INDUSTRIES, INC.



Date:  June 19, 1997                  By:   /s/ Paul H. Eagland
                                           -------------------
                                           Paul H. Eagland
                                           Chairman and Chief Executive Officer








<PAGE>





                                  PRESS RELEASE



FOR IMMEDIATE RELEASE
THURSDAY, JUNE 18, 1997 AT 2:30 PM M.D.T.


                             FOXMOOR INDUSTRIES LTD.



              FOXMOOR INDUSTRIES LTD. ANNOUNCES BOARD ELECTIONS AND
                     INVESTIGATION INTO FINANCIAL REPORTING


     Foxmoor  Industries Ltd. (NASDAQ:  FOXI) announced today that Paul Eagland,
Michael Smith and Ross Corace were elected to the  Company's  Board of Directors
at the Annual Meeting held June 16 in Denver. Mr. Eagland was appointed Chairman
and Chief Executive Officer of the Company.

     The Company also announced that it has commenced an investigation  into the
financial  position of the Company and its financial  reporting  practices.  Mr.
Paul Eagland,  newly-elected  Chairman and Chief Executive  Officer said, "After
our initial review of the Company's financial  position,  we have concerns about
the true value of the Company's  assets and the accuracy of its prior  financial
reporting.  We are  conducting  a  thorough  review of the  Company's  books and
records  and  hope  to be in  position  within  the  next  week to  provide  our
shareholders  and  the  investment  community  with a  report  on the  Company's
financial position."


CONTACT: Paul Eagland at (604) 538-2221


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<PAGE>




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