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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): November 17, 1997
TRANSGLOBE ENERGY CORP.
(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 1450
505 - 3rd Street SW
Calgary, Alberta T2P 3E6
(403) 264-9888
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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.
Effective November 17, 1997, Dr. James Bambrick and Mr. Robert L. Smith
were granted options to acquire up to 80,000 and 30,000 shares, respectively, of
the registrant's common stock pursuant to its Stock Option Plan. Dr. Bambrick is
the registrant's Manager of Geophysics: Mr. Smith is an industry consultant and
member of the registrant's Advisory Board. No underwriter was involved.
As to Dr. Bambrick, this transaction was effected pursuant to the
securities registration exemption set forth in Rule 903(c)(1)(iv) promulgated by
the Commission under the Securities Act of 1933, as amended. As to Mr. Smith,
the transaction was effected pursuant to Rule 506 of Regulation D.
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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 CORP.
By Ross Clarkson
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Ross Clarkson, President
Date: December 2, 1997.
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