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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LoljHKnYKtxmnzN4bW5/atncBAu9wMXnH7oMs6nwu8cy3Ym/b4s/OLVX05cWOcBb
 VgGC1aptsY97PlMeNne15A==

<SEC-DOCUMENT>0001085037-04-000949.txt : 20040831
<SEC-HEADER>0001085037-04-000949.hdr.sgml : 20040831
<ACCEPTANCE-DATETIME>20040831134514
ACCESSION NUMBER:		0001085037-04-000949
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040824
FILED AS OF DATE:		20040831
DATE AS OF CHANGE:		20040831

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUIDYNE CORP
		CENTRAL INDEX KEY:			0000352281
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				042608713
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		STE 1620 BURRARD ST
		STREET 2:		VANCOUVER BRITISH COLUMBIA
		CITY:			CANADA
		STATE:			A1
		ZIP:			V6C9A6
		BUSINESS PHONE:		6046835767

	MAIL ADDRESS:	
		STREET 1:		STE 1620 BURRARD ST
		STREET 2:		VANCOUVER BRITISH COLUMBIA
		CITY:			CANADA
		STATE:			A1
		ZIP:			V6C9A6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN ELECTROMEDICS CORP
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MFC BANCORP LTD
		CENTRAL INDEX KEY:			0000016859
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		STATE OF INCORPORATION:			B0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16283
		FILM NUMBER:		041007743

	BUSINESS ADDRESS:	
		STREET 1:		FLOOR 21, MILLENIUM TOWER
		STREET 2:		HANDELSKAI 94-96
		CITY:			A-1200 VIENNA
		STATE:			C4
		BUSINESS PHONE:		43 1 240 25 300

	MAIL ADDRESS:	
		STREET 1:		FLOOR 21, MILLENIUM TOWER
		STREET 2:		HANDELSKAI 94-96
		CITY:			A-1200 VIENNA
		STATE:			C4

	FORMER NAME:	
		FORMER CONFORMED NAME:	ARBATAX INTERNATIONAL INC
		DATE OF NAME CHANGE:	19960603

	FORMER NAME:	
		FORMER CONFORMED NAME:	NALCAP HOLDINGS INC
		DATE OF NAME CHANGE:	19950725

	FORMER NAME:	
		FORMER CONFORMED NAME:	JAVELIN INTERNATIONAL LTD
		DATE OF NAME CHANGE:	19871118
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-08-24</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000352281</issuerCik>
        <issuerName>EQUIDYNE CORP</issuerName>
        <issuerTradingSymbol>IJX (Amex)</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000016859</rptOwnerCik>
            <rptOwnerName>MFC BANCORP LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>8TH FLOOR, DINA HOUSE</rptOwnerStreet1>
            <rptOwnerStreet2>RUTTONJEE CTRE, 11 DUDDELL STREET</rptOwnerStreet2>
            <rptOwnerCity>HONG KONG SAR</rptOwnerCity>
            <rptOwnerState>F4</rptOwnerState>
            <rptOwnerZipCode>000000</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>common stock, par value $0.10 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3738044</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Sutton Park International Limited</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Convertible Note</value>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2004-04-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2009-03-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common stock, par value $0.10 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By MFC Merchant Bank SA</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Sutton Park International Limited, a corporation organized under the laws of Barbados, is wholly-owned by the Reporting Person.</footnote>
        <footnote id="F2">Pursuant to a credit facility agreement (the &quot;Credit Facility Agreement&quot;) dated for reference April 1, 2004 between the Reporting Person and the Issuer, MFC Merchant Bank SA (&quot;MFC Merchant Bank&quot;) and the Isuser, MFC Merchant Bank will make available to the Issuer, subject to the terms and conditions of the Credit Facility Agreement, until March 31, 2009, a revolving credit facility (the &quot;Credit Facility&quot;) in the principal amount of up to $20,000,000 (the&quot;Commitment&quot;).  As part of MFC Merchant Bank's compensation for the services to be performed by it under the Credit Facility Agreement, MFC Merchant Bank may at any time and from time to time during the term of the Agreement convert the Commitment or any portion of the Credit Facility to shares of common stock of the Issuer.  (footnote continued)</footnote>
        <footnote id="F3">(footnote continued)  MFC Merchant Bank is not entitled to exercise rights that will cause it to own or control greater than 19.99% of the voting control of the Issuer until such time as the Issuer has received shareholder approval to do so.  On August 24, 2004, upon MFC Merchant Bank exercising its conversion rights under the Credit Facility Agreement and converted $1,575,000 of the Commitment at a rate of exchange of $0.50 per share, the Issuer issued to MFC Merchant Bank 3,150,000 shares in the common stock and pursuant to a transfer agreement dated August 24, 2004 beween MFC Merchant Bank and Sutton Park International Limited, MFC Merchant Bank transferred its 3,150,000 shares to Sutton Park International Limited at the same price of $0.50 per share for a total price of $1,575,000.</footnote>
        <footnote id="F4">The rate of exchange for purposes of calculating the number of shares in the common stock of the Issuer to be exchanged for the Commitment or a portion should be as follows: (amount of Commitment to be converted) divided by (the ten day average of the closing price of the stock of the Issuer).</footnote>
        <footnote id="F5">MFC Merchant Bank SA, a bank organized under the laws of Switzerland, is wholly-owned by the Reporting Person.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael Smith</signatureName>
        <signatureDate>2004-08-31</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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