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): March 31, 1998
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ITRONICS INC.
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Texas 33-18582 75-2198369
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
6490 So. McCarran Boulevard, Building C, Suite 23 Reno, Nevada 89509
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(Address of Principal Executive Offices) Zip Code
Registrant's telephone number, including area code: (702) 689-7696
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Item 5. Other Events
On March 31, 1998 the Company issued a news release announcing a
proposed private placement of securities under Regulation D of the Securities
Act of 1933. The contents of the news release was as follows:
ITRONICS ANNOUNCES PROPOSED PRIVATE PLACEMENT
Reno, Nevada, March 31, 1998 - Itronics Inc. (ITRO) announced today
that it proposes to make an offering of securities not registered under the
Securities Act of 1933, as amended (the "Act"). The offering will be made
only to purchasers who are "accredited investors" as defined under Regulation
D of the Act.
Itronics is proposing to offer and sell $2,000,000 of units in 4
tranches, each tranche consisting of Common Stock and Common Stock Warrants.
Each tranche will total $500,000 and be priced dependent on market conditions
at the time of the offering. There is a minimum number of units required to
be sold in any of the 4 tranches.
Proceeds from the financing will be utilized for moving and permitting
requirements related to the new manufacturing facility, for the purchase
option on that facility and for general corporate purposes.
The securities offered will not be registered under the Act and may
not be offered or sold in the United States absent registration or applicable
exemption from registration requirements.
Itronics Inc. is a Reno-based company specializing in recycling
technology development, photobyproduct recycling, silver refining, and
technical services for the mining and recycling industries.
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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.
ITRONICS INC.
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(Registrant)
Date: April 3, 1998 By: /S/ John W. Whitney
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John W. Whitney
President, Treasurer and Director
(Principal Executive and Financial
Officer)
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