U.S. 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: June 2, 1997
IRON HOLDINGS CORP.
(f/k/a Comstock Tailings Company, Inc.)
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation)
0-24590 84-1275559
(Commission File No.) (IRS Employer
Identification No.)
88-90 103rd Ave.
Ozone Park, N.Y. 11417
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:
(718) 323-4537
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Item 5. Other Events
Effective April 21, 1997, the Company issued options to
purchase an aggregate of 2,800,000 shares of its common stock in
favor of Anchor Capital Management, Ltd. ("Anchor"), a corporation
organized under the laws of the Turks & Caicos Islands, with its
principal place of business located at Suite D18, Market Place,
Providenciales, Turks and Caicos Islands, B.W.I. The Company has
relied upon the exemption from registration provided under
Regulation S, as promulgated under the Securities Act of 1933, as
amended, in issuing said options, as well as in expectation of
Anchor exercising all or any portion of its options.
In consideration for the issuance of the stock options
referenced above, the Company received consideration totalling
$28,000 (US). The exercise price of each option was established at
$1.50 per share, which was arrived at through arms length
negotiations between the Company and Anchor, as the Company's
common stock is not trading as of the date of this report.
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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.
IRON HOLDINGS CORP.
By:/s/ Anthony Gurino
Anthony Gurino,
President
Dated: June 2, 1997
