UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
and Rule 13a-17 or 15d-17 thereunder
Canmax Inc.
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(Exact name of issuer as specified in charter)
150 W. Carpenter Freeway, Irving, TX 75039
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(Address of principal executive offices)
Issuer's telephone number, including area code: (972) 541-1600
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase of decrease) of 5% or more in the number
of shares outstanding:
1. Title of security: Common Stock, no par value.
2. Number of shares outstanding before the change: 5,012,869.
3. Number of shares outstanding after the change: 6,611,005.
4. Effective date of change: April 29, 1997.
5. Method of change:
Specify method: Exercise of stock option
Give brief description of transaction: 1,598,136 shares
issued upon exercise of option in accordance with the
"Amended and Restated Stock Option and Registration
Rights Agreement" dated October 29, 1994 and executed
November 15, 1994.
II. CHANGE IN NAME OF ISSUER
Not Applicable.
Date: May 2, 1997
CANMAX INC.
By: /s/ Philip M. Parsons
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Philip M. Parsons
Chief Financial Officer
