SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): APRIL 2, 1997
CLASSIC RESTAURANTS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
COLORADO 0-28704 84-1122431
(State or other jurisdic- (Commission File (IRS Employer
tion of incorporation) Number) Identification No.)
3500 PARKWAY LANE, SUITE 435, NORCROSS, GEORGIA 30092
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770)729-9010
NOT APPLICABLE
(Former name or former address, if changed since last report)
Exhibit index on consecutive page 2 Page 1 of 4 pages
<PAGE>
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not Applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
Not Applicable
ITEM 5. OTHER EVENTS.
Not Applicable
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not Applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired:
Not applicable
(b) Pro forma financial information: Not applicable
(c) Exhibits: Not Applicable
ITEM 8. CHANGE IN FISCAL YEAR.
Not Applicable
Page 2 of 3 pages
<PAGE>
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
On April 2, 1997, Ocean Funding (BVI), Ltd. ("Ocean Funding")
exercised its Common Stock Purchase Warrant and purchased
100,000 shares of the Company's Class A Common Stock for a
total of $82,500. Ocean Funding is not a U.S. citizen;
therefore, these shares were issued pursuant to the
registration exemption provided by Regulation S.
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.
CLASSIC RESTAURANTS INTERNATIONAL, INC.
Date: May 14, 1997 By:/s/Caroline P. Anderson
Caroline P. Anderson
Executive Vice President and
Chief Financial Officer
14:04-02-97.8K
Page 3 of 3 pages
<PAGE>
