United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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) July 17, 2002
Coastal Caribbean Oils & Minerals, Ltd.
(Exact name of registrant as specified in its charter)
Bermuda 1-4668 None
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(State or other jurisdiction (Commission (IRS employer
of incorporation) File Number ) Identification No.)
Clarendon House, Church Street, Hamilton HM DX, BERMUDA None
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (441) 295-1422
Not Applicable
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(Former name or former address, if changed since last report.)
FORM 8-K
COASTAL CARIBBEAN OILS & MINERALS, LTD.
Item 5. Other Events
On July 17, 2002, Coastal Caribbean Oils & Minerals, Ltd. announced
that the Company has received shareholder subscriptions (including over
subscriptions) totaling approximately $1.3 million to date through its rights
offering to its shareholders.
A copy of the July 17, 2002 press release issued by the Company is
filed herewith as an exhibit and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
(99) Additional Exhibits
(a) Press Release of Coastal Caribbean
Oils & Minerals, Ltd. dated
July 17, 2002.
FORM 8-K
COASTAL CARIBBEAN OILS & MINERALS, LTD.
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.
COASTAL CARIBBEAN OILS & MINERALS, LTD.
(Registrant)
By /s/ Benjamin W. Heath
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Benjamin W. Heath
President
Date: July 17, 2002
Exhibit 99 (a)
Coastal Caribbean Oils & Minerals, Ltd.
News Release
FOR IMMEDIATE RELEASE
COASTAL CARIBBEAN RIGHTS OFFERING
PRELIMINARY RESULTS
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APALACHICOLA, FL, July 17, 2002 -- Coastal Caribbean Oils & Minerals, Ltd. [OTC
Bulletin Board: COCBF.OB; Boston: COCBF] announced today that the Company has
received shareholder subscriptions (including over subscriptions) totaling
approximately $1.3 million to date through its rights offering to its
shareholders. The Company previously announced that the rights offering, which
had been scheduled to terminate on July 15, 2002, had been extended to July 31,
2002 because of delays in the mailing of offering materials to shareholders
whose shares are held in brokerage accounts.
The offer and sale of shares in the rights offering is being made by
the Company's prospectus, dated June 17, 2002, a copy of which may be obtained
by contacting the Company's information agent, Stock Surveillance LLC at (212)
497-9018.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these securities
in any state or other jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state or other jurisdiction.
Statements included in this press release which are not historical in
nature are intended to be forward looking statements. The Company cautions
readers that forward looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
indicated in the forward looking statements. Among the risks and uncertainties
are the uncertainty of any decision favorable to Coastal Petroleum in its
litigation against the state of Florida and the substantial cost of continuing
the litigation.
Contact: James R. Joyce, at (203) 245-7664.