SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K /A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October12, 1999
TEXOIL, INC.
(Exact name of small business issuer as specified in its charter)
NEVADA 0-12633 88-0177083
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
(NOT APPLICABLE)
(Former name or former address, if changed since last report)
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Texoil - Page 2
ITEM 5. PREFERRED STOCK PURCHASE AGREEMENT
On October 12, 1999, Quantum Energy Partners, LP (AQuantum@), V&C Energy
Limited Partnership (AV&C@), EnCap Equity 1996 Limited Partnership (AEnCap),
Energy Capital Investment Company, PLC (AEnergy Capital@), and certain other
individual investors (all collectively referred to as AInvestors@) have entered
into a Preferred Stock Purchase Agreement (the "Purchase Agreement") with Texoil
to purchase 2,750,000 shares of Series A Convertible Stock at a purchase price
of $8.00 per share.
This event was reported on Form 8-K filed October 13, 1999 and a copy of
the Purchase Agreement, together with all of the schedules and exhibits thereto,
was attached as Exhibit 7.1 to such Form 8-K. Provisions in the Certificate of
Designation, a form of which is attached as Exhibit A to the Purchase Agreement,
and the Amended and Restated Articles of Incorporation, a form of which is
attached as Exhibit B to the Purchase Agreement, related to the removal of
Directors by a majority vote of the holders of the outstanding shares entitled
to vote thereon will be revised to reflect the requirement of the Nevada Revised
Statutes that a Director may be removed only by vote of not less than two-thirds
of the voting power of the issued and outstanding shares entitled to vote.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
None
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 thereunder duly authorized.
DATE: OCTOBER 22, 1999 TEXOIL, INC.
By: /s/ Frank A. Lidzinski
FRANK A. LODZINSKI
President and
Principal Financial Officer
