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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
March 6, 1997
ROYAL SILVER MINES, INC.
(Exact name of registrant as specified in its charter)
UTAH
(State or other jurisdiction of incorporation)
0-25170 87-0306609
(Commission File No.) (IRS Employer ID)
10220 North Nevada
Suite 270
Spokane, Washington 99218
(Address of principal executive offices and Zip Code)
(509) 466-3144
(Registrant's telephone number, including area code)
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ITEM 9. Sales of Equity Securities Pursuant to Regulation S.
On the 5th day of March, 1997, the Company sold to NCL
Investments Limited ("NCL"), London, England, 136,000 Units, at
US$0.75 per Unit or a total of US$102,000. Each Unit consists of
one share of Common Stock and one warrant to purchase one
additional share of Common Stock at US$1.25 per share. The
warrants will expire two years from the date of closing. The Units
were issued in reliance upon the transaction exemption afforded by
Regulation S, as promulgated by the Securities and Exchange
Commission, under the Securities Act of 1933, as amended.
As of the 6th day of March, 1997, NCL had not exercised any
warrants.
On the 26th day of February, 1997, the Company sold to Louk
Jongen, ("Jongen"), Holland, 100,000 Units, at US$0.75 per Unit or
a total of US$75,000. Each Unit consists of one share of Common
Stock and one warrant to purchase one additional share of Common
Stock at US$1.25 per share. The warrants will expire two years
from the date of closing. The Units were issued in reliance upon
the transaction exemption afforded by Regulation S, as promulgated
by the Securities and Exchange Commission, under the Securities Act
of 1933, as amended.
As of the 6th day of March, 1997, Jongen had not exercised any
warrants.
SIGNATURE
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.
ROYAL SILVER MINES, INC.
BY: /s/ Howard M. Crosby, President
DATED: March 6, 1997
