S-3
Filed pursuant to Rule 424 (b)(2)
Registration No. 333-40262
Prospectus Supplement
to
Prospectus dated August 14, 2000
EUROGAS, INC.
3,000,000 Shares of Common Stock
This Prospectus Supplement supplements the Prospectus dated
August 14, 2000 (the "Prospectus") of EuroGas, Inc. relating to
the offer and sale by us of 12,000,000 shares of our common stock
and by selling shareholders of 9,000,000 shares of our common
stock. This Prospectus Supplement relates to the offer and sale
of 3,000,000 shares of common stock by us at the price of $0.35
per share.
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We are placing the securities being offered pursuant to this
Prospectus Supplement. We intend to use the proceeds from the
sale of such shares of common stock for cancellation or repayment
of accounts payable and long-term debt, working capital and
general administrative purposes.
Per Common Total
Share/Unit
Public Offering Price and Proceeds $0.35 $1,050,000
to EuroGas
Our shares of common stock are listed for trading on the Nasdaq
OTC Bulletin Board under the symbol "EUGS." The last sale price
of a share of our common stock on the Nasdaq National Market on
September 6, 2000 was $0.6562.
Consider carefully the risk factors beginning on page 9 in the
Prospectus before investing in our securities.
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these
securities or passed on the adequacy or accuracy of the
Prospectus and this Prospectus Supplement. Any representation to
the contrary is a criminal offense.
The date of this Prospectus Supplement is September 7, 2000.
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This Prospectus Supplement should be read in conjunction with the
Prospectus, and this Prospectus Supplement is qualified in its
entirety by reference to the Prospectus except to the extent that
the information contained herein modifies or supersedes the
information contained in the Prospectus. Capitalized terms used
in this Prospectus Supplement and not otherwise defined herein
shall have the same meaning specified in the Prospectus.
USE OF PROCEEDS
We intend to use the proceeds from our offer and sale of the
securities described in this Prospectus Supplement for
cancellation or repayment of accounts payable and long-term debt,
working capital and general administrative purposes.
PLAN OF DISTRIBUTION
We are offering the 3,000,000 shares of common stock subject
to this Prospectus Supplement directly to purchasers for cash.
For purchasers who are existing creditors of the Company, we may,
at our discretion, accept cancellation of accounts payable and
long-term debt in lieu of cash. No underwriter, agent or other
person is entitled to receive any commission or similar
compensation in connection with the offer and sale of such
securities.
