FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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, 1997
EFTEK CORP.
(Exact name of registrant as specified in its charter)
Nevada 33-26789-NY 93-0996501
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
Bloomfield Business Park
408 Bloomfield Drive
Units 1 & 2
West Berlin, New Jersey 08091
(Address of Principal Executive Offices)
Registrant's telephone number: (609) 767-2300
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FORM 8-K
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
The following information is furnished in accordance with Item 701
of Regulation S-B as to all equity securities of the Registrant sold by the
Registrant that were not registered under the Securities Act of 1933 ("Act")
in reliance upon Regulation S under the Act.
A. Title and Amount of Securities Sold and Date of the
Transactions.
(i) 223,250 shares of $.001 par value common stock sold at
$.375 per share with net funds received by the Registrant on March 31, 1997.
(ii) 194,950 shares of $.001 par value common stock sold at
$.375 per share with net funds received by the Registrant on April 9, 1997.
B. Name of Placement Agent -Berkshire International Finance, Inc.
C. Consideration Received
(i) Total consideration paid was $83,718.75 ($.375 per share)
with Registrant receiving net funds of $82,758.78.
(ii) Total consideration paid was $73,106.28 ($.375 per share)
with Registrant receiving net funds of $72,268.00.
D. Persons or Classes of Persons to Whom the Securities Were Sold
and Exemption from Registration Claimed - Non-U.S. persons eligible for
utilization of Regulation S under the Act as not being a "U.S. person" as
defined in Rule 902(o), which person(s) has warranted and represented in an
Offshore Securities Subscription Agreement that he or it is eligible to
utilize such exemptions as afforded to non-U.S. persons in accordance with
aforesaid Regulation S under the Act.
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SIGNATURES
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.
EFTEK CORP.
BY: /s/Frank Whitmore
_____________________________
FRANK WHITMORE, President
EFTEK\3-31-97.8-K
