<PAGE> 1
=================================================================
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
November 9, 1999
GRAND CENTRAL SILVER MINES, INC.
(Exact name of registrant as specified in its charter)
UTAH
(State or other jurisdiction of incorporation)
0-17048 87-0429204
(Commission File No.) (IRS Employer ID)
950 Third Avenue
Suite 2500
New York, New York 10022
(Address of principal executive offices and Zip Code)
(972) 306-4880
(Registrant's telephone number, including area code)
=================================================================
<PAGE> 2
ITEM 5. Other Events.
On September 8, 1999, the Registrant acquired 660,000 shares
of common stock of Sterling Mining Company in consideration of
$660,000. The 660,000 shares of common stock represents 4.6% of
the total outstanding shares of Sterling Mining Company.
In order to raise the $660,000 to acquire the 660,000 shares
of Sterling Mining Company, the Registrant sold 660,000
"restricted" shares of its common stock to 1 investor.
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.
GRAND CENTRAL SILVER MINES, INC.
BY: /s/ John Charles Skip Headen
John Charles Skip Headen
President
