Form: 8-K

Current report filing

April 6, 1998

8-K: Current report filing

Published on April 6, 1998


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


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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) March 24, 1998

COMMONWEALTH BIOTECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)



Virginia 001-13467 56-1641133
(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.)
Incorporation)


911 East Leigh Street, Suite G-19, Richmond, Virginia 23219
(Address of Principal Executive Offices) (Zip Code)


Registrant's telephone number, including area code: (804) 648-3820



N/A
(Former Name or Former Address, if Changed Since Last Report)







Item 5. Other Events.

On March 24, 1998, the Virginia Small Business Financing Authority
issued $4,000,000 in tax exempt industrial revenue bonds for the benefit of the
Company, the proceeds from the sale of which, together with other available
funds, will be used to acquire, construct and equip a 30,000 square foot
facility in Chesterfield, Virginia.


Item 7. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Exhibits.

4.5. Indenture of Trust, dated as of March 15, 1998,
between the Virginia Small Business Financing
Authority and Crestar Bank relating to the issuance
of industrial revenue bonds for the benefit of the
Company.

10.16 Loan Agreement, dated as of March 15, 1998, between
the Virginia Small Business Financing Authority and
the Company relating to the issuance of industrial
revenue bond for the benefit of the Company.








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 thereunto duly authorized.


COMMONWEALTH BIOTECHNOLOGIES, INC.



By: /s/ Robert B. Harris, Ph.D.
-----------------------------------
Robert B. Harris, Ph.D.
President






April 6, 1998







EXHIBIT INDEX


Number Description of Exhibit

4.5. Indenture of Trust, dated as of March 15, 1998,
between the Virginia Small Business Financing
Authority and Crestar Bank relating to the issuance
of industrial revenue bonds for the benefit of the
Company.

10.16 Loan Agreement, dated as of March 15, 1998, between
the Virginia Small Business Financing Authority and
the Company relating to the issuance of industrial
revenue bond for the benefit of the Company.