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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of Earliest Event Reported): Commission File Number:
April 18, 1996 0-17303
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VECTOR AEROMOTIVE CORPORATION
(Exact name of registrant as specified in its charter)
NEVADA 33-0254334
State of Incorporation (I.R.S. Employer
Identification Number)
7601 CENTURION PARKWAY SOUTH
JACKSONVILLE, FL 32256
(904) 645-0505
(Address of principal executive
offices and telephone number)
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Item 5. OTHER EVENTS
Vector Aeromotive Corporation has announced today that it has extended for
one year the expiration of two stock options held by V'Power Corporation to
purchase an aggregate of 56 million shares of the Company's common stock. One
option, for 6 million shares with an exercise price of $.75 per share, had been
scheduled to expire on April 28, 1996. The other option, for 50 million shares
with an exercise price of $.43 per share, had been scheduled to expire on April
6, 1996. V'Power Corporation owns directly 37.3 million shares, or 70%, of the
Company's outstanding shares of common stock and beneficially owns an
additional 106 million shares under presently exercisable stock options
(including the options extended).
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VECTOR AEROMOTIVE CORPORATION
Dated: April 18, 1996 By: /s/ D. Peter Rose
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D. Peter Rose, President
