UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Corona Corp., -
2224 Main Street
Santa Monica, CA 90405
2. Date of Event Requiring Statement (Month/Day/Year)
11/10/1999
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Eastbrokers International Incorporated
(EAST)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
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<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
$2,000,000 Convertible N|Immediate|12/31/04 |10% Convertible Preferr|700,000 |(1) |D | |
ote, due 12/31/2004 | | |ed Stock, Series A (1) | | | | |
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</TABLE>
Explanation of Responses:
(1) The Convertible Note is convertible at any time into the underlying 10%
Convertible Preferred Stock, Series A (the "Preferred Stock") at a ratio of
.35 shares per dollar. The Preferred Stock is convertible at any time into the
issuer's common stock, par value $0.05 per share, at a ratio of 1:1.
SIGNATURE OF REPORTING PERSON
/s/ Reid Breitman, President
DATE
January 12, 2000
