SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
CURRENT REPORT
Date of Report: December 11, 1997
Commission File No. 0-15543
METAL RECOVERY TECHNOLOGIES INC.
(Exact name of Registrant as specified in its charter)
Delaware 71-0628061
(State of Incorporation) (I.R.S. Employee Identification No.)
415 East 151st Street
East Chicago, Indiana 46312
(address of principle executive office) (Zip Code)
Registrant's telephone number, including area code: (219) 397-6261
Item 5. Other Events
The company is currently negotiating with certain of its creditors to accept
shares under Rule 144 at 15 per share in lieu of their debt.
If completely successful this may result in the issuance of up to 9,333,333
shares for $1.4 million of debt.
All issuances will be reported on future 8K filings as and when they arrive.
Signed
/s/
Roy :Pearce
Company Secretary
