<PAGE> 1
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: September 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
<PAGE> 2
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Pursuant to the Securities Purchase Agreement, dated March 27, 1997
(the "Agreement") between Queen Sand Resources, Inc. (the "Company") and Joint
Energy Development Investments Limited Partnership, a Delaware limited
partnership ("JEDI"), 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 September 8, 1997 the Company sold an aggregate of
250,000 shares of its Common Stock to a foreign company for an aggregate of
$762,500. The Company paid $76,250 in commissions, including third party costs,
on the transaction.
In a separate transaction, on September 10, 1997 the Company sold an
aggregate of 200,000 shares of its Common Stock to a foreign company for an
aggregate of $700,000. The Company paid $70,000 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. The purchasers are restricted from
reselling these securities to "U.S. persons" for a period of one year.
<PAGE> 3
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/ RONALD I. BENN
----------------------------
Ronald I. Benn
Chief Financial Officer
Dated: September 11, 1997
