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): July 11, 1997
THE TIREX CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 33-17598-NY 22-2824362
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
740 St. Maurice, Suite 201
Montreal, Quebec H3C 1L5
(Address of principal executive offices) (Zip Code)
(514) 878-0727
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 5 pages
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ITEM 5. Other Events
1. CORPORATE NAME CHANGE.
Effective July 11, 1997, the certificate of incorporation of the Company
was amended so as to change the name of the Company from "Tirex America Inc.,"
to "The Tirex Corporation." In addition, the NASDAQ Bulletin Board symbol of
the Company has been changed to TXMC. Such action was taken in accordance
with the Delaware General Corporation Law, Section 228(a), on February 21,
1997, the holders of record, in person or by proxy, of approximately 52% of
the issued and outstanding shares of common stock of the Company, by their
consent in writing, authorized, approved and adopted a resolution respecting
the amendment of the Company's certificate of incorporation.
2. PRESS RELEASE RESPECTING MARKET ACTIVITY.
On August 11, 1997, the Company released a press release stating the
following:
"The Tirex Corporation (NASD Bulletin "TXMC') has noted an increase in
both the trading volume and the market price of its common stock on the OTC
Bulletin Board, pursuant to which the high bid price rose from $0.17 a share
on Thursday, August 7, 1997 to $0.48 as of 12PM EDT on Monday, August 11,
1997. The Company is not aware of any facts or circumstances that might
reasonably explain the magnitude of such increases.
The Tirex Corporation is in the business of building equipment to recycle
used tires."
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ITEM 7. EXHIBITS
Exhibits filed as part of this Report are as follows:
Exhibit 20. Notice to Shareholders, dated July 21, 1997, Pursuant to
Delaware General Corporation Law Section 228(d)
Exhibit 99. Press Release, dated August 11, 1997
SIGNATURE
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.
TIREX AMERICA INC.
Dated: August 12, 1997 By /s/ Terence C. Byrne
Terence C. Byrne, President
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THE TIREX CORPORATION
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Notice of Corporate Action
Pursuant to Delaware General Corporation Law
Section 228(d)
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To: The Shareholders of
The Tirex Corporation (the "Company")
In accordance with the Delaware General Corporation Law, Section 228(a),
on February 21, 1997, the holders of record, in person or by proxy, of
approximately 52% of the issued and outstanding shares of common stock of the
Company, by their consent in writing, authorized, approved and adopted a
resolution respecting the amendment of the Company's certificate of
incorporation. Pursuant thereto, effective July 11, 1997, the certificate of
incorporation of the Company was amended so as to change the name of the
Company from "Tirex America Inc." to "The Tirex Corporation." In addition,
the NASDAQ Bulletin Board symbol of the Company has been changed to TXMC.
The foregoing amendment has no effect on any shares currently issued and
outstanding and the amount and nature of your shareholdings in the Company
have not been affected in any way.
TIREX AMERICA INC.
Terence C. Byrne, President
Dated: July 21, 1997
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P R E S S R E L E A S E
==============================================================================
FOR IMMEDIATE RELEASE
August 11, 1997
Media Contact: The Tirex Corporation Terence C. Byrne
Telephone: (514) 878-0727
Fax: (514) 878-9847
Listed: NASD Bulletin Board - "TXMC"
MONTREAL, CANADA - The Tirex Corporation (NASD Bulletin "TXMC') has
noted an increase in both the trading volume and the market price of its
common stock on the OTC Bulletin Board, pursuant to which the high bid price
rose from $0.17 a share on Thursday, August 7, 1997 to $0.48 as of 12PM EDT on
Monday, August 11, 1997. The Company is not aware of any facts or
circumstances that might reasonably explain the magnitude of such increases.
The Tirex Corporation is in the business of building equipment to recycle
used tires.
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