-----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, TixLRG/K1S4tv0cNKu8qrNJdf2NIz3eiJQJW2c63Tbfe7BhnEI2CrNIo6wnb7sZd 3YuXxpCPEN4lTDsojE4w1Q== 0001000096-97-000771.txt : 19971029 0001000096-97-000771.hdr.sgml : 19971029 ACCESSION NUMBER: 0001000096-97-000771 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971027 ITEM INFORMATION: FILED AS OF DATE: 19971028 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: SEC FILE NUMBER: 000-20879 FILM NUMBER: 97701558 BUSINESS ADDRESS: STREET 1: 1675 BROADWAY STREET 2: STE 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): October 27, 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 -------------- Item 5. Other Events. -------------- Press Release. The press release of the Registrant dated October 27, 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 October 27, 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: October 27, 1997 MAR VENTURES INC. By: /s/ D. Scott Singdahlsen ----------------------------- D. Scott Singdahlsen President EX-99.1 2 PRESS RELEASE EXHIBIT 99.1 On October 27, 1997, the Registrant issued the following press release: " MAR VENTURES INC. REPORTS RESULTS FOR FISCAL YEAR AUGUST 31, 1997 DENVER- Mar Ventures Inc. (NASD EBB: MRVI) today announced audited financial results for the eight month fiscal year ended August 31, 1997. On August 6, 1997, the Company acquired PYR Energy, LLC, a development stage independent oil and gas exploration and production company. The prior business and related assets of Mar Ventures Inc. have been sold to its prior president and the sole business of the Company is oil and gas exploration and production. For the eight months ended August 31, 1997, the Company incurred a loss from operations of ($16,920) or ($.004) per share. The Company had no revenues from oil and gas operations and generated $80,000 in oil and gas consulting fee revenue. At August 31, 1997, the Company had $1,376,229 in working capital, total assets of $1,789,666 and stockholders' equity of $1,719,418. There were 9,154,804 common shares outstanding at August 31, 1997. FISCAL YEAR ENDED AUGUST 31, 1997 --------------------------------- 1997 ---- Revenue $ 80,000 Net Loss ($ 16,920) Net Loss Per Share ($ 0.004) The Company reports it has filed a registration statement to register the sale of up to 4,095,000 common stock shares and up to 4,095,000 common stock shares underlying attached warrants from private placements during its fiscal year ended August 31, 1997. Because this registration statement is not expected to become effective for at least 30 to 45 days, the Company has extended the expiration deadline to exercise outstanding common stock purchase warrants. The Company has outstanding warrants to purchase 2,047,500 shares of its common stock at an exercise price of $1.25 per share. These warrants, due to expire on October 31, 1997, have been extended to January 15, 1998. The Company also has outstanding warrants to purchase 2,047,500 shares of its common stock at an exercise price of $1.75 per share. These warrants, due to expire on January 31, 1998, have been extended to April 15, 1998. The securities covered by the registration described above have not yet become effective with the Securities and Exchange Commission. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. 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 in which such an offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any state. Mar Ventures Inc. applies advanced 3-D seismic and computer-aided exploration ("CAEX") technology to systematically explore for and exploit onshore domestic oil and natural gas accumulations in the western United States. The Company is currently exploring for oil and gas in the San Joaquin Basin of California and the Rocky Mountains. ####" -----END PRIVACY-ENHANCED MESSAGE-----