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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 (Date of earliest event reported):
April 7, 1997
DRY DAIRY INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
UTAH 33-14065-D 87-0476117
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(State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
of incorporation)
10105 Amberwood Road, Ft. Myers, FL 33913
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(Address of principal executive office)
Registrant's telephone number, including area code: (941) 768-3555
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N/A
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(Former name or former address, if changed since last report)
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ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
Effective April 7, 1997, pursuant to Share Purchase Agreements dated
February 24, 1997 and February 28, 1997, Dry Dairy International, Inc. (the
"Company") issued 3,800,000 shares of its common stock (the "Common Stock") at
an average price of $0.075 per share, to Basil Holdings, Ltd., Providenciales,
Turks & Caicos, B.W.I. ("Basil"), for aggregate offering proceeds of
$285,000. The Common Stock was offered and sold directly by the Company to
Basil and no commissions were paid in connection with the offer and sale of
the Common Stock.
The offering was made in reliance on Regulation S promulgated under the
Securities Act of 1933, as amended, based on the fact that the Company is a
reporting issuer pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended.
The offer and sale was made in an offshore transaction (as defined in Regul
ation S) and no direct selling efforts were made in the United States by the
Company, a distributor, any of their respective affiliates, or any person
acting on behalf of any of the foregoing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunder duly authorized.
DRY DAIRY INTERNATIONAL, INC.
Date: April 7, 1997 /S/R. Lee Matzig, President
