-----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, B9Vif17Nl4yHKUKyNJONy/YpyAdy81KEwNjqfuYflct10u14iG8WpPlvuU5LhMN1 Bm1q1s+5LJtwh2xWRp9Ntw== 0001050502-00-000444.txt : 20000411 0001050502-00-000444.hdr.sgml : 20000411 ACCESSION NUMBER: 0001050502-00-000444 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000410 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDSTATE CORP CENTRAL INDEX KEY: 0001050248 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 880354425 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-58829 FILM NUMBER: 597164 BUSINESS ADDRESS: STREET 1: 2950 E FLAMINGO RD STREET 2: STE G CITY: LAS VEGAS STATE: NV ZIP: 89121 BUSINESS PHONE: 8882285526 MAIL ADDRESS: STREET 1: 2950 E FLAMINGO RD STREET 2: STE G CITY: LAS VEGAS STATE: NV ZIP: 89121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDSTATE CORP CENTRAL INDEX KEY: 0001050248 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 880354425 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2950 E FLAMINGO RD STREET 2: STE G CITY: LAS VEGAS STATE: NV ZIP: 89121 BUSINESS PHONE: 8882285526 MAIL ADDRESS: STREET 1: 2950 E FLAMINGO RD STREET 2: STE G CITY: LAS VEGAS STATE: NV ZIP: 89121 SC 13D 1 SC 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) GOLDSTATE CORPORATION (Name of Issuer) Common Stock -- par value $0.0003 (Title of Class of Securities) 000000000 (CUSIP Number) Diane D. Dalmy, Esq. 8965 W. Cornell Place Lakewood, Colorado 80227 303.985.9324 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 30, 2000 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d- 7(b)for other parties to whom copies are to be sent. - ----------------- 1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 0000000000 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Marnie Stanton S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PN - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Columbia, Canada - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 2,771,000 Shares of Common Stock NUMBER OF SHARES ---------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH REPORTING ---------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 2,771,000 ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,771,000 Shares of Common Stock - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.39% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- This original Schedule 13D statement (the "Schedule") is filed on behalf of Marnie Stanton ("Stanton") as the reporting person hereunder, relative to the acquisition by Stanton of certain shares of common stock issued by Goldstate Corporation. Stanton has not made any previous filings on Schedule 13D. ITEM 1. SECURITY AND ISSUER. This Schedule relates to the voting common stock, $0.0003 par value, of Goldstate Corporation ("GDSA"). GDSA maintains its principal executive offices at 3305 Spring Mountain Road, Suite 60, Las Vegas, Nevada 89102. ITEM 2. IDENTITY AND BACKGROUND This Schedule is being filed by Marnie Stanton, an individual who is a citizen of Canada. The address of Stanton is 19489 115th A Avenue, Pitt Meadonws, British Columbia V3Y 1R5. Pursuant to General Instruction C of Schedule 13D, the "Instruction C Person" is Marnie Stanton. Stanton has the sole right to control the disposition of and vote the GDSA securities. The information specified in Item 2 with respect to such Instruction C Person is as follows. During the last five (5) years, the Instruction C Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) nor has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction or become subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION At the execution of the Assignment Agreement between Amerocan Marketing, Inc. ("Amerocan") and Stanton dated March 30, 2000 (the "Assignment Agreement"), 2,771,000 shares of restricted common stock of GDSA were issued to Stanton. The consideration exchanged for the securities of GDSA was a promissory note in the principal amount of $33,950.00 bearing interest at the rate of 8% per annum with a repayment term of five years from the date of the Assignment Agreement. A copy of the Assignment Agreement between Amerocan and Stanton is filed herewith as Exhibit A. ITEM 4. PURPOSE OF TRANSACTION The transaction described herein was undertaken for the purpose of obtaining by Amerocan an entity or person which had a better ability for paying cash to Amerocan for amounts due and owing Amerocan by GDSA as follows: (i) GDSA had incurred debt inclusive of accrued interest in the aggregate amount of $48,500.00 with Amerocan for either past financial, administrative and managerial services performed by Amerocan pursuant to a consulting service agreement entered into with GDSA and/or prior advances made by Amerocan to GDSA. (ii) GDSA entered into a settlement agreement with Amerocan dated March 29, 2000 (the "Settlement Agreement")whereby Amerocan agreed to settle the debt owed to it by GDSA and accept the issuance of restricted common shares of GDSA at the rate of $0.0175 per share as settlement for all interest and principle due and outstanding to Amerocan as of the date of the Settlement Agreement. (iii) GDSA desired to enter into the Settlement Agreement to clear its financial books of this and other liabilities in order that GDSA could proceed with other financings, and is not in a financial position to be able to pay cash to Amerocan for satisfaction of such debt. (iv) Subsequently, Amerocan entered into the Assignment Agreement with Stanton whereby Amerocan agreed to assign all of its rights, title and interest in the Settlement Agreement, including the issuance of the restricted common shares of GDSA, in exchange for the issuance of a promissory note. (v) Amerocan desired to enter into the Assignment Agreement in order to obtain a discounted promissory note from an entity or person which had a better ability to pay Amerocan cash for satisfaction of such debt. Pursuant to the instructions for items (a) through (j) of Item 4, Stanton has plans as follows: (a) As set forth in Item 3 of this Schedule, Stanton has acquired 2,771,000 shares of restricted common stock of GDSA. Stanton Garner may consider the acquisition of additional securities of GDSA, the issuer, but has no present plans or proposals to do so. (b) Stanton has no present plans or proposals to cause a merger or effect a liquidation or reorganization of GDSA or to enter into extraordinary corporate transactions. (c) Stanton has no present plans or proposals to cause a sale or transfer of a material amount of assets of GDSA. (d) Stanton plans to exercise the voting rights associated with ownership of shares of common stock of GDSA. (e) Stanton has no present plans or proposals to cause a material change in the capitalization of GDSA. (f) Stanton has no present plans or proposals to make any other material change to the business or corporate structure of GDSA. (g) Stanton has no present plans or proposals to change GDSA's charter, bylaws or instruments corresponding thereto or to take other actions that impede the acquisition of control of GDSA by any person. (h) Stanton has no present plans or proposals to cause GDSA's common stock from not being quoted on the OTC Bulletin Board. (i) Stanton has no present plans or proposal relating to a class of securities of GDSA becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934. (j) Stanton does not have any present plans or proposals to take any action similar to any of those enumerated in (a) through (i) above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of the close of business on March 30, 2000, Stanton beneficially owned 2,771,000 shares (or approximately 16.39% of the outstanding shares) of GDSA's common stock as follows: Holder Number of Shares ------ ---------------- Marnie Stanton 2,771,000 Total 2,771,000 (b) The Instruction C Person does not own any common or preferred shares of GDSA. Stanton has sole power to vote or to direct the voting of the 2,771,000 common shares of GDSA. (c) As of March 30, 2000, and within the sixty day period prior thereto, to the best knowledge and belief of the undersigned, no transactions involving GDSA equity securities had been engaged in by Stanton, nor does Stanton have any right to acquire such securities. (d) To the best knowledge and belief of the undersigned, no person other than Stanton has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER No contracts, arrangements, understandings or relationships among the person named in Item 2 exist with respect to securities of the issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS (a) Assignment Agreement dated March 30, 2000 between Amerocan Marketing, Inc. and Marnie Stanton. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: April 7, 2000 /s/ Marnie Stanton - ------------------- ------------------ Marnie Stanton EX-10 2 EXHIBIT ASSIGNMENT AGREEMENT THIS AGREEMENT dated this 30th day of March, 2000 authorizes the assignment BETWEEN: AMEROCAN MARKETING, INC., a company having an office at 219 Broadway, Suite 505 Laguna Beach, CA 92651 (hereinafter called the "Assignor") AND: MARNIE STANTON of 19489 115th A Avenue, Pitt Meadows, British Columbia V3Y 1R5 (hereinafter called the "Assignee") WHEREAS, Goldstate Corporation ("Goldstate") is indebted to the Assignor in the aggregate amount of $48,500.00 for (i) certain financial, administrative and managerial services performed by the Assignor pursuant to a consulting and management service agreement between Goldstate and Assignor, and/or (ii) advances provided by the Assignor to Goldstate, and/or (iii) accrued interest on unpaid amounts due to the Assignor thereunder; and WHEREAS, Goldstate is indebted to the Assignor for repayment of such aggregate amount of $48,500.00; and WHEREAS, Goldstate and the Assignor acknowledge that the aggregate amount of $48,500.00 is due and owing to the Assignor (the "Receivable"); and WHEREAS, Goldstate and Assignor entered into a settlement agreement dated March 29, 2000 (the "Settlement Agreement"), whereby Goldstate agreed to issue to the Assignor 2,771,000 shares of its restricted common stock at $0.175 per share (the "Shares") as full and complete satisfaction of the Receivable; and WHEREAS, the Assignor desires to assign all of its rights, title and interest in the Settlement Agreement and to the Receivable, including its further settlement of the 2,771,000 restricted common shares in the capital of Goldstate Corporation, to the Assignee; and WHEREAS, the Assignee is willing to accept the assignment of all of the rights, title and interest in the Settlement Agreement and to the Receivable, including the issuance of the 2,771,000 restricted common shares in the capital of Goldstate, from the Assignor in exchange for a promissory note in the amount of $33,950.00 bearing interest at the rate of 8% per annum with a repayment term of 5 years from the date of this Assignment Agreement, such promissory note is attached to this Agreement; and WHEREAS, the board of directors of Goldstate pursuant to resolutions dated January 24, 2000 has authorized the execution of the Settlement Agreement and the subsequent issuance of 2,771,000 restricted common shares to Assignee in accordance with the terms of this Agreement. THEREFORE, the parties to this Agreement now agree as follows: 1. The Assignor assigns all of its rights, title and interest in the Settlement Agreement and to the Receivable, including its right to the issuance of 2,771,000 restricted common shares in the capital of Goldstate to Assignee in exchange for a promissory note in the amount of $33,950.00 bearing interest at the rate of 8% per annum with a repayment term of 5 years from the date of this Assignment Agreement, such promissory note is attached to this Agreement. 2. The Assignor further agrees to direct Goldstate to issue 2,771,000 of its restricted common shares in the name of the Assignee in accordance with the provisions of this Agreement. 3. The Assignee agrees to accept such assignment and expressly assumes and agrees to be bound by the terms of the Settlement Agreement and further agrees to accept the issuance and delivery of 2,771,000 restricted shares of common stock in the capital of Goldstate Corporation in full settlement and satisfaction of the Receivable. 4. The Assignee further agrees to release and forever discharge Goldstate from any and all causes of action, debts, sums of money, claims and demands whatsoever, in law or in equity, related to the Receivable, which the Assignee now or hereafter can, shall or may have. 5. The Assignee is aware that the Shares are not being registered under the Securities Act of 1933, as amended (the "Securities Act"). The Assignee understands that the Shares are being issued in reliance on the exemption from registration provided by Section 4(2) thereunder. The Assignee understands that it may be required to bear the economic risk of this investment for an indefinite period of time because there is currently no trading market for the Shares and the Shares cannot be resold or otherwise transferred unless applicable federal and state securities laws are complied with or exemptions therefrom are available. 6. The Assignee represents and warrants that the Shares are being acquired solely for The Assignee's own account, for investment purposes only, and not with a view to or in connection with, any resale or distribution. The Assignee understands that the Shares are nontransferable unless the Shares are registered under the Securities Act and under any applicable state securities law or an opinion of counsel satisfactory to Goldstate is delivered to Goldstate to the effect that any proposed disposition of the Shares will not violate the registration requirements of the Securities Act and any applicable state securities laws. The Assignee further understands that Goldstate has no obligations to register the Shares under the Securities Act or to register or qualify the Shares for sale under any state securities laws, or to take any other action, through the establishment of exemption(s) or otherwise, to permit the transfer thereof. 7. The Assignee has had an opportunity to ask questions of and received answers from the officers, directors and employees of Goldstate or a person or persons acting on its or their behalf, concerning the financial position of Goldstate. 8. This Settlement Agreement shall be effective as of March 30, 2000, and shall be binding upon and inure to the benefit of the parties hereto and their respective assigns and successors. The foregoing may be signed in counter parts, each of which so executed shall be deemed to be an original including each such copy sent by facsimile transmission, and such counterparts together shall constitute but one and the same instrument. AMEROCAN MARKETING, INC., MARNIE STANTON By: /s/ Signature on File By: /s/ Marnie Stanton - ------------------------- ------------------------------- President PROMISSORY NOTE $33,950.00 US Funds March 30, 2000 For VALUE RECEIVED, the undersigned MARNIE STANTON ("Payor"), an individual of 19489 115th A Avenue, Pitt Meadows, British Columbia V3Y 1R5, promises to pay to AMEROCAN MARKETING, INC., ("Payee") a company having its registered office at 219 Broadway, Suite 505, Laguna Beach, CA 92651 the principal amount of $33,950.00 (THIRTY-THREE THOUSAND NINE HUNDRED AND FIFTY DOLLARS AND ZERO CENTS) in US funds, which is payable in cash on March 30, 2005. The Payor agrees to repay the entire balance of the promissory note together with accrued simple interest at the annual rate of interest of 8% per annum calculated not in advance. Notwithstanding the place where this promissory note is executed, the Payor expressly agrees that all the terms and provisions hereof shall be governed by and construed in accordance with the laws of the State of Nevada. Accepted this 30th day of March, 2000, /s/ Marnie Stanton - ----------------------------------- MARNIE STANTON -----END PRIVACY-ENHANCED MESSAGE-----