SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON THE NASDAQ STOCK MARKETS(SM)
Filed Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
and Rule 13a-17 or 15d-17 thereunder
LONESTAR HOSPITALITY CORPORATION
(Exact name of registrant as specified in charter)
3131 Turtle Creek Blvd., Suite 1301, Dallas, Texas 75219
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (214) 520-9292
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:
1. Title of security: Common Stock, par value $.01
2. Number of shares outstanding before the change: 8,979,181
3. Number of shares outstanding after the change: 22,479,181
4. Effective date of change: April 10, 1996
5. Method of change: Issuance of stock
6. Give brief description of transaction:
Issued 13,500,000 shares of
Common Stock to holders of
Citadel Computer Systems
Incorporated ("Citadel") in
connection with merger of the
registrant with Citadel.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: N/A
2. Name after change: N/A
3. Effective date of charter amendment changing name: N/A
4. Date of shareholder approval of change, if required: N/A
Date: April 22, 1996 LONESTAR HOSPITALITY CORPORATION
BY: /s/ Steven B. Solomon
Steven B. Solomon, Chief Operating
Officer and Secretary
