-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PVYxewumDFD0YbxiaxUZT8TU2VFwJ/YsiLqUvu0fQY4VXoqxU3Xp96aF0paSeaki Xzf/HjDio8HQhcW9u8G4kw== 0001000096-97-000541.txt : 19970813 0001000096-97-000541.hdr.sgml : 19970813 ACCESSION NUMBER: 0001000096-97-000541 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970807 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970812 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAR VENTURES INC CENTRAL INDEX KEY: 0001016289 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 954580642 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20879 FILM NUMBER: 97656818 BUSINESS ADDRESS: STREET 1: 1675 BROADWAY STREET 2: SUITE 1150 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038253748 MAIL ADDRESS: STREET 1: 17337 VENTURA BOULEVARD STREET 2: SUITE 224 CITY: ENCINO STATE: CA ZIP: 91316 8-K 1 FORM 8-K 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): August 7, 1997 Mar Ventures Inc. ---------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-20879 95-4580642 - ---------------------------- --------------- --------------- (State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification No.) 1675 Broadway, Suite 1150, Denver, Colorado 80202 -------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (303) 825-3748 ------------- 17337 Ventura Boulevard, Suite 224, Encino, California 91316 ------------------------------------------------------------ (Former name or former address, if changed since last report) Item 5. Other Events. ------------ Press Release. The press release of the Registrant dated August 7, 1997, which is filed as an exhibit hereto, is incorporated herein by reference. Item 7. Financial Statements And Exhibits. --------------------------------- (c) Exhibits. -------- Exhibit Index ------------- Exhibit Number Description - ------ ----------- 99.1 Press release dated August 7, 1997. SIGNATURE 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. Date: August 8, 1997 MAR VENTURES INC. By: /s/ D. Scott Singdahlsen -------------------------- D. Scott Singdahlsen President 2 EX-99.1 2 PRESS RELEASE EXHIBIT 99.1 On August 7, 1997, the Registrant issued the following press release: "Contact: FOR IMMEDIATE RELEASE D. Scott Singdahlsen, President AUGUST 7, 1997 Mar Ventures Raises $1.5 Million Net in Private Placement Company Focuses on U.S. Oil and Gas Exploration and Production -------------------------------------------------------------- DENVER - Mar Ventures, Inc. (NASD EBB: MRVI) today announced it successfully completed a private offering of $1.5 million net to the company. Concurrent with the private offering it purchased 100% interest in PYR Energy, LLC, a Denver-based independent oil and gas exploration company, in exchange for 4 million shares of common stock. The offering consisted of two million units, sold at a price of $.75 per unit, with each unit consisting of one share of its Common Stock, one-half warrant to purchase one share of its Common Stock at an exercise price of $1.25 per share on or before Oct. 31, 1997, and one-half warrant to purchase one share of its Common Stock on or before January 31, 1998, at an exercise price of $1.75 per share. "Our strategy is to generate significant exploration and exploitation opportunities and apply advanced geological and geophysical tools and financial leverage to control the company's exposure and risk," said D. Scott Singdahlsen, president of PYR. "Three-D seismic technology is what we believe will expose the company to large oil and gas reserves to be found in mature basins." The management of PYR Energy has assumed the management of Mar Ventures. Plans are underway to seek shareholder approval to change the name of Mar Ventures to PYR Energy Corporation. The management team of PYR includes D. Scott Singdahlsen, president; Robert Suydam, vice president geology; and Richard A. Castle, senior geologist - California. The newly appointed Board of Directors of Mar consists of Singdahlsen; Keith F. Carney, chief financial officer of Cheniere Energy, Inc., a Houston-based exploration company traded on the NASDAQ SmallCap(TM) under the symbol CHEX; and Gregory B. Barnett, president of Denver-based EnerCOM Incorporated, a firm with emphasis in financial communications for several industries, including oil and gas. Mar's primary focus is the exploration for oil and gas in the San Joaquin Basin of California. The firm holds options to earn approximately 22,000 acres in California and expects to spud its first well on this land on or before year-end 1997. The Company expects to acquire new 3-D seismic on approximately 12,000 of these acres by Mar. 31, 1998. Additionally, the company is involved in exploration and exploitation projects in the Denver Basin of Colorado and Wyoming's Big Horn Basin. In total, the company believes it has five or more prospects to drill before the end of 1998. 3 Based in Denver, Mar Ventures, Inc. uses 3-D seismic to explore for large oil and natural gas accumulations in onshore U.S. The company seeks to use advanced 3-D seismic technologies in regions in which such technologies are absent or underutilized. The company trades under the symbol MRVI on NASD's Electronic Bulletin Board. ### --------------------------------------- Certain statements in this news release regarding future expectations of reserve potential, production and drilling may be regarded as "forward-looking statements" within the meaning of the U.S. Securities Litigation Reform Act. They are subject to various risks, such as the inherent uncertainties in interpreting geologic and engineering data relating to underground accumulations of oil and gas. Actual results may vary materially." 4 -----END PRIVACY-ENHANCED MESSAGE-----