U.S. 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: May 29, 1997
ARXA INTERNATIONAL ENERGY, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
2-99565 13-3784149
(Commission File No.) (IRS Employer
Identification No.)
1331 Lamar, Suite 1375
Houston, Texas 77010
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (713) 652-2792
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Item 5. Other Events
Effective April 21, 1997, the Company issued options to
purchase an aggregate of 1,000,000 shares of its common stock in
favor of Anchor Capital Management, Ltd. ("Anchor"), a corporation
organized under the laws of the Turks & Caicos Islands, with its
principal place of business located at Suite D18, Market Place,
Providenciales, Turks and Caicos Islands, B.W.I. The Company has
relied upon the exemption from registration provided under
Regulation S, as promulgated under the Securities Act of 1933, as
amended, in issuing said options, as well as in expectation of
Anchor exercising all or any portion of its options.
In consideration for the issuance of the stock options
referenced above, the Company received consideration totalling
$50,000 (US). The exercise price of each option was established at
$0.70 per share.
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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.
ARXA INTERNATIONAL ENERGY, INC.
By: s/William Bippus
William Bippus,
President
Dated: May 29, 1997
