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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
March 31, 1998
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Date of report (Date of earliest event reported)
NEVADA MANHATTAN MINING INCORPORATED
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(Exact Name of Registrant as Specified in Its Charter)
NEVADA
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(State or Other Jurisdiction of Incorporation)
001-12867 88-0219765
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(Commission File Number) (IRS Employer Identification No.)
5038 N. PARKWAY CALABASAS, SUITE #100, CALABASAS, CA 91302
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(Address of Principal Executive Offices) (Zip Code)
(818) 591-4400
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(Issuer's Telephone Number, Including Area Code)
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Item 5. Other Events.
This report is filed solely to file with the Securities and Exchange
Commission (i) the press release issued on March 31, 1998 announcing that the
Company has secured $14 million in equity financing to fund its timber
operations in South America.
Item 7. Financial Statements and Exhibits
(c)
Exhibit Number Reference
(99) Additional Exhibits
Press Release dated March 31, 1998 Exhibit 99.1
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SIGNATURE
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 thereunto duly authorized.
NEVADA MANHATTAN MINING, INCORPORATED
(Registrant)
Date: April 13, 1998 BY: /s/ Jeffrey S. Kramer
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JEFFREY S. KRAMER
CHIEF FINANCIAL OFFICER
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release dated March 31, 1998
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EXHIBIT 99.1
NEVADA MANHATTAN MINING INC. SECURES
$14 MILLION EQUITY FINANCING
CALABASAS, Calif.---(BUSINESS WIRE) --March 31, 1998--Nevada Manhattan
Mining Inc.(OTC BB: NVMH) Tuesday announced that it has secured $14 million in
equity financing to fund its timber operations in South America.
Revenues are expected to more than double over the Company's next fiscal
quarter. The financing, through Bristol Asset Management Company II LLC, enables
Nevada Manhattan to draw up to $14 million over a three year period.
The initial use of funds will be used to complete the relocation of the
Company's Brazilian timber sawmill operations as announced on Feb. 27, 1998.
Already in production and currently being restructured, these operations will
flourish with the infusion of capital.
Equally important, this equity financing will further enhance the recent
distribution and management agreement with Metsa Timber, a division of the
Metsaliitto Group which is one of the world's largest forest products
enterprises.
Jeffrey S. Kramer, chief operating officer, Nevada Manhattan, commented,
"This $14 million financing, strengthened by our new affiliation with Metsa
Timber, presents a solid foundation for our Company's
environmentally-responsible expansion in Brazil. It should be an exciting year
for Nevada Manhattan."
The agreement between Nevada Manhattan and Bristol Asset Management was
prepared by specialists in the Securities industry, the Los Angeles law firm of
Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, LLP.
Nevada Manhattan Mining Inc. is a diversified, environmentally responsible
global natural resource company. Its mission is to continue building an
international natural resource company by acquiring, developing and operating
rich resource assets, converting them to significant cash flow generators, thus
enhancing shareholder value. The Company may develop these assets on its own or
in conjunction with selected strategic partners.
For more information on Nevada Manhattan Mining, contact Carlisle
Communications at 800/785-9345, e-mail at [email protected] or
visit Nevada Manhattan Mining's website at www.nevadamanhattan.com.
