SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 10-C
Current Report Pursuant to Section 13 or 15(d) of The Securities Act
of 1934
Report by issuer of securities quoted on The Nasdaq Stock
Market(SM), filed pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 and Rule 13a-17 or 15d-17 thereunder.
Exact name of Issuer as Specified in Charter:
Mallon Resources Corporation
Address of Principal Executive Offices:
999 18th Street, Suite 1700, Denver, CO 80202
Issuer's Telephone Number (including area code): (303) 293-2333
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or more in
the number of shares outstanding:
1. Title of security: Common Stock, $0.01 per share par value
2. Number of shares outstanding before the change: 4,388,117
3. Number of shares outstanding after the change: 4,693,864
4. Effective date of change: April 29, 1997
5. Method of change: Conversion of Preferred Stock to Common;
Issuance of Restricted Stock Bonuses
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
Give brief description of transaction: The Company issued 25,000
shares as restricted stock bonus awards to certain officers. Certain
holders of shares of the Company's Series B Preferred Stock converted
such shares into 280,747 shares of Common.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change _____________________________________________
2. Name after change ________________________________________________
3. Effective date of charter amendment changing name ________________
4. Date of shareholder approval of change, if required _______________
May 5, 1997 /s/ Roy K. Ross, Executive Vice President
Date Officer's Signature and Title
