UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 FOR 15(D)
of the
SECURITIES EXCHANGE ACT OF 1934
Date of Event Requiring Report: April 29, 1997
CYBERAMERICA CORPORATION
(Exact Name of Registrant as Specified on its Charter)
I-9418 87-0509512
(Commission File Number) (IRS Employer Identification Number)
NEVADA
(State or Other Jurisdiction of Incorporation or Organization)
268 West 400 South, Suite 300
Salt Lake City, Utah 84101
(Address of Principal Executive Offices)
(801) 575-8073
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
On April 29, 1997, the board of directors of CyberAmerica Corporation,
a Nevada corporation ("the Company"), approved the Company's repurchase of up to
500,000 shares of its common stock, par value $0.001 ("Common Stock"). The
Company intends to acquire shares of Common Stock from time to time in isolated,
open market transactions through April 27, 1998. The Company will use available
cash to make such repurchases. There are currently 9,725,389 shares of Common
Stock issued and outstanding and approximately 8,068,085 of those shares are
currently held by non-affiliates. The Company has no intention of purchasing
Common Stock from any affiliates during the course of its repurchase plan.
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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.
Dated: April 29, 1997
CyberAmerica Corporation
By:/s/ Richard D. Surber
------------------------
Richard D. Surber, President
