LBO CAPITAL CORP
8-K, 1996-12-03
BLANK CHECKS
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                                    FORM 8-K


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                 CURRENT REPORT

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934


                                December 2, 1996
                                 Date of Report



                                LBO CAPITAL CORP.
             (Exact Name of Registrant as specified in its charter)


        Colorado               33-19107                  38-2780733     
     (State or other            (Commission            (I.R.S. Employer
      jurisdiction of            file number)           Identification Number)
      incorporation or
      organization)


    7001 Orchard Lake Road, Suite 424
    West Bloomfield, Michigan                                   48322-3608     
             (Address of Principal Executive Offices)            (Zip Code)


    Registrant's telephone number, including area code: (810) 851-5651


                                      N/A 
           Former name or former address, if changed from last report

<PAGE>


ITEM 5:  Other Events

     Effective  December 2, 1996,  the Board of Directors  of LBO Capital  Corp.
(the  "Registrant")  adopted a resolution  extending the exercise  period of the
Registrant's  warrants issued to its directors from December 4, 1996 to December
4, 1997. The warrants were issued as follows:

      Director                                          Number of Shares

      Thomas W. Itin                                          1,000,000
      Anthony B. Cashen                                         200,000
      Robert W. Schwartz                                        100,000

     The warrants  entitles its holder to purchase one share of the Registrant's
$.0001 par value  common  stock for $.04 each share and can be  exercised at any
time prior to the extended expiration date of December 4, 1997.
 

     The Registrant's  Controller notified the Registrant's Stock Transfer Agent
by letter of December 2, 1996 as to the extensions.


<PAGE>

                                   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 thereunto duly authorized.


Date: December 2, 1996

                                               LBO CAPITAL CORP.


                                               By   s/ Thomas W. Itin      
                                                 --------------------------
                                                 Thomas W. Itin, President
 







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