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: January 13, 1998
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 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
On January 12, 1997, the board of directors of CyberAmerica Corporation
(the "Company") ratified the execution of three separate Offshore Securities
Subscription Agreements (the "Agreements") with three offshore entities, namely:
Leeward Consulting Group, LLC, a corporation of the Nevis West Indies
("Leeward") with principal offices at Main Street, P. O. Box 556, Charleston,
Nevis West Indies; Karston Electronics, LTD., a corporation of the British
Virgin Islands, ("Karston") with principal offices at the Omar Hodge Building,
Wickham's Cay, Tortola, British Virgin Island; and East West Trading
Corporation, a corporation of the Nevis West Indies, ("East West") with
principal offices in the National Bank Building, Memorial Square, Nevis West
Indies. Pursuant to the Agreements, the Company received an aggregate payment of
$25,000 in exchange for issuing an aggregate of 111,113 shares of the Company's
Common Stock all of which shares were exempt from registration pursuant to an
exemption under Regulation S promulgated under the Securities Act of 1933, (the
"Act").
More specifically, the Company received a payment of $5,000 from
Leeward in exchange for an issuance of 22,223 shares of Common Stock; the
Company received a payment of $10,000 from Karston in exchange for an issuance
of 44,445 shares of Common Stock; and the Company received a payment of $10,000
from East West in exchange for an issuance of 44,445 shares of Common Stock. All
shares issued pursuant to the Agreements were sold for $0.225 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.
Dated: January 15, 1998
CyberAmerica Corporation
By:/s/ Richard Surber
-------------------------
Richard Surber, President
