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 (Date of earliest event reported):
March 31, 1997
Cadiz Land Company, Inc.
(Exact name of issuer as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-12114 77-0313235
(Commission File Number) (IRS Employer Identification No.)
10535 Foothill Boulevard, Suite 150, Rancho Cucamonga CA 91730
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (909) 980-2738
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Item 9. Sale of Equity Securities Pursuant to Regulation S
Effective March 31, 1997, the outstanding obligations owed by
the Registrant and its wholly-owned subsidiary, Cadiz Valley
Development Corporation ("CVDC") under their outstanding debt
facilities with Henry Ansbacher & Co. Limited, a U.K. merchant
bank located in London, England ("Ansbacher") were sold by
Ansbacher to ING Baring (U.S.) Capital Corporation ("ING"). As
consideration for Ansbacher's agreement to sell such obligations,
totaling approximately $9.7 million, as well as the agreement of
Ansbacher to extend the maturity date of such obligations to April
30, 1997, the Registrant issued to Ansbacher 30,000 shares of the
Registrant's common stock pursuant to the exemption from
registration provided by Regulation S. Upon acquisition of such
obligations by ING, the maturity date of such obligations was
further extended by ING to April 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 hereunto duly authorized.
CADIZ LAND COMPANY, INC.
(Registrant)
By: /s/ Susan K. Chapman
----------------------
Susan K. Chapman
Chief Financial Officer
Dated: April 14, l997
