SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K SB
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Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported)
December 19, 1996
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Geo Petroleum, Inc.
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(Exact name of registrant as specified in its charter)
California 0-20915 1546736
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
25660 Crenshaw Blvd., Suite 201 Torrance, CA 90505
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
310-539-8191
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(Former name or former address, if changed since last report.)
Geo Petroleum, Inc.
Item 5 Other Events
On December 19, 1996, Geo Petroleum, Inc. sold 462,000 units, at
$2.50 per unit, consisting of one share of its common stock and
one warrant, for an aggregate cash price of $1,155,000. Each
warrant entitles the holder to purchase one share of common stock
at $3.00 per share at any time within three years from date of
issue.
The seven purchasers are accredited investors, comprised of Drake
Capital Securities, Inc. and persons who are principals,
officers, or employees of said firm. Drake is the investment
banker of Geo Petroleum, Inc. and is a registered broker-dealer.
Pursuant to the requirements of the Securities Exhange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Geo Petroleum, Inc.
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Registrant
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GERALD T. RAYDON
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GERALD T. RAYDON
(PRESIDENT)