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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTER-DEALER QUOTATION SYSTEM FILED PURSUANT TO
SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934 AND RULES 13A-17 AND 15D-17 THEREUNDER
AER ENERGY RESOURCES, INC.
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(Exact Name of Issuer as Specified in Charter)
4600 Highlands Parkway, Smyrna, GA 30082
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(Address of Principal Executive Offices)
(770) 433-2127
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(Issuer's Telephone Number, Including Area Code)
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, no par value
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2. Number of shares outstanding before the change 22,439,181
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3. Number of shares outstanding after the change 24,023,339
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4. Effective date of change May 20, 1996
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5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution, stock
split, reverse split, acquisition of stock for treasury, etc.)
Private placement of common stock
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Give brief description of transaction: On May 20, 1996, AER Energy
Resources, Inc. issued 1,584,158 shares of its no par value common stock and
warrants to purchase an additional 835,000 shares, in a private placement at an
aggregate purchase price of $10,000,000. The total of 1,584,158 shares issued
in the transaction is equivalent to 7% of the 22,439,181 shares outstanding
prior to the private placement
II. CHANGE IN NAME OF ISSUER
1. Name prior to change
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2. Name after change
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3. Effective date of charter amendment changing name
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4. Date of shareholder approval of change, if required
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Date May 24, 1996 /s/ M. Beth Donley
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M. Beth Donley,
Vice President and Chief Financial Officer
