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 (Date of earliest event reported) October 2, 1996
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FOUNTAIN OIL INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 0-9147 91-0881481
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1400 Broadfield Blvd., Suite 200, Houston, Texas 77084-5163
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 713-492-6992
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(Former name or former address, if changed since last report)
5. OTHER EVENTS
On October 2, 1996, Registrant completed the issuance of an aggregate of
1,139,800 shares of its Common Stock upon the exercise of Stock Purchase
Warrants expiring February 28, 1997 entitling the Registered Holders thereof to
purchase shares of Registrant's Common Stock at an exercise price of $5.10 per
share. Registrant received aggregate proceeds of $5,812,980 upon such exercise.
The series of Stock Purchase Warrants expiring February 28, 1997 had been called
for redemption, and all outstanding warrants of that series have been exercised.
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SIGNATURES
Pursuant to the requirement 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.
FOUNTAIN OIL INCORPORATED
Date: October 2, 1996 By: /s/ Susan E. Palmer
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Susan E. Palmer
Corporate Secretary
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