UNITED STATES
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
Date of report December 31, 1997
CASINO RESOURCE CORPORATION
Minnesota 0-22242 41-0950482
(State or other (Commission File Number) (IRS Employer
jurisdiction of incorporation) Identification No.)
707 Bienville Blvd, Ocean Springs, Mississippi 39564
(Address of Principal Executive Office)
Registrant's telephone number, including area code (228) 872-1558
Item 5. OTHER EVENTS
On December 12, 1997, the Company redeemed $400,000 principal amount
(approximately $498,000 cash) of 13% convertible debentures.
On December 5,1997, the Company reached an agreement to modify the terms of
its $800,000 13% convertible debenture issue providing for a $400,000
redemption in December, 1997 and redemptions of up to 25% of remaining
debentures in May 1998, up to 50% in June 1998, up to 75% in July 1998
and up to 100% in August 1998 and thereafter.
On November 26, 1997, the Company's filing on form S-3, as amended, to
register 1,075,500 shares of common stock with respect to selling
shareholders was declared effective.
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.
CASINO RESOURCE CORPORATION
December 31, 1997 /s/ Maurice P. Gaudet
______________________________________
Maurice P. Gaudet
Chief Financial Officer
