RULE 424(c)
SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 21, 1996
The expiration date of Warrant WA5 issued to Midwest Financial Consultants
Corporation ("Midwest") representing Midwest's right to purchase an aggregate
of 1,666,667 shares of the common stock of Sigma Alpha Group Ltd. (the
"Company") has been extended from June 30, 1996 to August 31, 1996. Prior to
the expiration date Midwest purchased 380,000 shares of the Company's common
stock upon partial exercise of Warrant WA5. Accordingly, Midwest may exercise
its right to purchase the 1,286,667 share balance of common stock issuable upon
full exercise of Warrant WA5 by arranging for the payment of $2.50 per share
to be made to the Company on or before August 31, 1996. All other terms,
rights, privileges and conditions associated with Warrant WA5 remain the same
as described in the Company's February 21, 1996 Prospectus. Warrant WA4
representing the right to purchase 400,000 shares of the Company's common
stock which shares were included in the February 21, 1996 Prospectus was
previously exercised in full.
The date of this Supplement July 1, 1996
