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) March 14,1997
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SEL-DRUM INTERNATIONAL, INC
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(Exact name of registrant as specified in its charter)
COLORADO 0-22964 84-1236134
________ _______ __________
(State or other (Commission - (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
501 AMHERST STREET, BUFFALO, N.Y. 14207-2913
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code 905-335-2766
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601 Amherst Street, Buffalo, N.Y. 14207-2925
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(Former name or former address, if changed since last report)
ITEM 5 OTHER EVENTS
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On February 28, 1997, JRCS Corp. terminated a Letter of
intent with Sel-Drum International Inc. which had provided for a
sale of substantially all of the outstanding capital stock of the
Company. The Registrant and the Principal Shareholders
determined that the acquisition as negotiated no longer served
the long-term interests of the Company and its current
shareholders and that it was no longer necessary to pursue
discussions with JRCS Corp.
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SIGNATURES
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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.
SEL-DRUM INTERNATIONAL, INC.
Date March 14, 1997 ________________________
Brian Turnbull, President,
Chief Executive Officer and
Director
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