SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
September 26, 1997
Date of Report (Date of earliest event reported)
Nor'Wester Brewing Company, Inc.
(Exact name of registrant as specified in its charter)
Oregon 0-27458 93-1099661
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
66 S.E. Morrison Street, Portland, Oregon 97214
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(503) 232-9771
Not applicable
(Former name or former address, if changed since last report)
Item 5. Other Events
Nor'Wester Brewing Company announced that it will cease
operating effective at the close of business on September
12, 1997. Management cited that United Breweries of America
(UBA) has notified the Company that it will not proceed with
the planned investment in the consolidated businesses of
Nor'Wester, WVI - Microbreweries across America, Aviator
Ales, Inc., Mile High Brewing Company, Inc. and Bayhawk
Ales, Inc. UBA's notice indicated that certain closing
conditions had not been satisfied as the reason for its
decision not to invest.
UBA, as a part of the Investment Agreement which has been
terminated, made a $2.75 million bridge loan to Nor'wester.
UBA's notice demands immediate repayment of the bridge loan.
Nor'Wester does not have current assets sufficient to meet
the demand.
Discussions continue between UBA and Nor'Wester's
representatives to determine how to resolve the repayment
demand.
Nor'Wester, a part of the troubled microbrewing industry,
has seen its financial performance decline over the period
since the proposed investment agreement was first announced.
Nor'Wester's inability to repay the bridge loan coupled with
its current financial condition precludes it from meeting
obligations necessary to continue as a going concern.
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 thereunto duly
authorized.
NOR'WESTER BREWING COMPANY, INC.
Date: September 26, 1997 By: /s/ Jim Bernau
Jim Bernau
President
