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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 (Date of earliest event reported) February 3, 1997
TRANSGLOBE ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
British Columbia
(State or other jurisdiction of incorporation)
0-11378
(Commission File Number)
Not Applicable
(IRS Employer Identification No.)
Suite 808
1111 West Hastings Street
Vancouver, British Columbia V6E 2J3
(604) 683-2568
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT. N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP. N/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. N/A
ITEM 5. OTHER EVENTS. N/A
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS. N/A
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. N/A
ITEM 8. CHANGE IN FISCAL YEAR. N/A
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
On February 3, 1997, the Vancouver Stock Exchange gave the necessary approval of
the registrant's entering into an agreement for the sale of three hundred
thousand (300,000) shares of its common stock to a European institutional
investor, at a price of $1.00 (U.S.) per share. No underwriter was involved.
This transaction was effected pursuant to the securities registration exemption
set forth in Rule 903(c)(3) promulgated by the Commission under the Securities
Act of 1933, as amended. The institutional investor in question was an existing
shareholder of the registrant at the time of the transaction. The subject
offering was effected in an offshore transaction and without directed
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selling efforts in the United States, as those terms are defined in Rule 902 of
the Commission, and the securities in question are restricted against transfer
except in accordance with, inter alia, the provisions of Regulation S.
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.
TRANSGLOBE ENERGY CORPORATION
By /s/ Ross Clarkson
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Ross Clarkson, President
Date February 18, 1997
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