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 11, 1997
QUEEN SAND RESOURCES, INC.
(Exact name of registrant as specified in charter)
Delaware 0-21179 75-2615565
Jurisdiction of Commission File I.R.S. Employer
Incorporation Number Identification
Number
3500 Oak Lawn, Suite 380, LB#31, Dallas, TX 75219-4398
(Address of principal executive offices)
Registrant's telephone number: (214) 521-9959
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Pursuant to the Securities Purchase Agreement, dated March 27, 1997 between
Queen Sand Resources, Inc. (the "Company") and Joint Energy Development
Investments Limited Partnership, a Delaware limited partnership , the Company
agreed to raise from the placement of its common stock at least $5.4 million in
net proceeds by December 31, 1997. To this end, the Company plans to offer
shares of its common stock to foreign persons and entities on a continuing basis
through the end of December 1997.
In this regard, on May 27, 1997, the Company sold an aggregate of 100,000
shares of its Common Stock to a foreign company for an aggregate of $305,000.
The Company paid $30,500 in commissions, including third party costs, on the
transaction. On June 10, 1997, the Company sold an aggregate of 100,000 shares
of its Common Stock to a foreign company for an aggregate of $305,000. The
Company paid $30,500 in commissions, including third party costs, on the
transaction.
The shares were issued to an entity that is not a "U.S. person" as that
term is defined under Regulation S and were issued pursuant to the exemption
from registration provided by Regulation S.
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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.
QUEEN SAND RESOURCES, INC.
By:/s/Edward J. Munden
........................
Edward J. Munden,
President
Dated: June 11, 1997
