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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-C
Report by Issuer of Securities quoted on NASDAQ Inter-
Dealer Quotation System Filed Pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934 and Rules
13a-17 and 15d-17 Thereunder
ALASKA APOLLO RESOURCES INC.
(Exact Name of Issuer as Specified in Charter)
131 PROSPEROUS PLACE, SUITE 17-A, LEXINGTON, KENTUCKY 40509
(Address of Principal Executive Offices)
(606) 263-3948
(Issuer's Telephone Number, Including Area Code)
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, without par value per share.
2. Number of shares outstanding before the change: 7,656,506
3. Number of shares outstanding after the change: 8,369,708
4. Effective date of change: July 31, 1996.
5. Method of Change: Distribution of stock in payment for services
rendered.
DESCRIPTION OF THE TRANSACTION. Shares of the Issuer's common stock were
issued to various employees, consultants, and advisors pursuant to
Registration Statements on Form S-8 filed on April 25, 1995, and July 9, 1996.
On August 14, 1995, the Issuer issued 86,204 shares of common stock
pursuant to the April 25, 1995, Form S-8. This issuance was not reportable
because it did not result in an aggregate increase in excess of five percent
of the amount of the common stock as last reported.
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On July 31, 1996, 626,998 shares of the Issuer's common stock was issued
pursuant to a Registration Statement on Form S-8 filed on July 9, 1996. This
issue resulted in an aggregate increase in excess of five percent of the
amount of common stock as last reported.
ALASKA APOLLO RESOURCES INC.
Date: September 17, 1996 By /s/ William S. Daugherty
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William S. Daugherty, President
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