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) February 10, 1997
KRANTOR CORPORATION
Delaware 0-19409 22-2993066
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number identification no.)
incorporation or
organization)
120 East Industry Court, Deer Park, New York 11729
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (516) 586-7500
Page 1 of 18 Pages
Exhibit Index on Page 5
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
On February 10, 1997 the Registrant accepted a subscription from and agreed to
issue to Beihai Tenda Seafood Ltd. ("Subscriber"), a corporation organized under
the laws of PRC China Republic and domiciled there, 1,000,000 shares of its
common stock (the "Shares") pursuant to exemption from registration afforded by
Regulation S as promulgated by the Securities and Exchange Commission under the
Securities Act of 1933, as amended. The consideration given by the Subscriber
for the issuance to it of the Shares was the delivery to the Registrant for
resale of 100,000 pounds of Loligo squid 75/25 tube/tentacles no less than 3/5
and 5/8 inch packed under TENDA brand 2.5 lbs by 20 trays (50 lb. case) valued
at $125,000 US (the "Goods") (see subscription agreement and purchase order
(collectively the "Subscription Agreement") included herewith as exhibits.)
Delivery of such goods is expected on or about March 31, 1997. Authorization for
Issuance of the Stock has been sent to the Registrant's transfer agent. The
Stock is expected to be forwarded to the Subscriber Off shore upon delivery of
the Goods without restrictive legend, the requisite holding periods provided
under Regulation S expecting to be met at such time, and the issuance of the
Stock being conditioned and provided upon the representations made by Subscriber
in the Subscription Agreement. There was no underwriter involved in the
described transaction.
ITEM 7. FINANCIAL STATEMENTS PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
No financial statements are being provided herewith. The following exhibits are
included herewith:
10. Subscription Agreement (with attending purchase order) between Registrant
and Subscriber dated February 10, 1997.
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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.
KRANTOR CORPORATION
by:/s/ Mitchell Gerstein, Vice President
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Mitchell Gerstein, Vice Pres.
Dated: February 10, 1997
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Registration No. 0-19409
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
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KRANTOR CORPORATION
(Exact name of Company as specified in charter)
EXHIBITS
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EXHIBIT INDEX
No. Exhibit Pg.
10. Subscription Agreement (with attending purchase 6
order) between Registrant and Subscriber dated
February 10, 1997.
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