8-K 1 a8k6-5.txt 8K 6-5-01 SINGLETON AND CLARIDGE SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 DATE OF REPORT June 5, 2001 Rhino Enterprises Group, Inc., A Nevada Corporation Nevada 88-0333844 (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) identification No.) 2925 LBJ Freeway, Suite 188 Dallas, TX 75234 (972) 241-2669 -1- Effective June 1,2001, Rhino Enterprises Group, Inc. (OTCBB: RHNO), has entered into a consulting agreement with Anthony Singleton. Mr. Singleton will be consulting and assisting RHNO with strategic planning and mergers and acquisitions. As compensation for Mr. Singleton's services under this agreement, RHNO has agreed to grant Mr. Singleton options to purchase fifty thousand (50,000) shares of RHNO's restricted common stock at $0.25 per share with a three (3) year option to exercise. The consulting agreement terminates on May 31, 2002. The Company has the right to terminate the agreement at an earlier date with five (5) days written notice. RHINO also entered into a consulting agreement with Cameron Claridge or assigns. Mr. Claridge will be consulting and assisting RHNO with strategic planning, corporate finance, mergers & acquisitions and other business opportunities. As compensation for Mr. Claridge's services under this agreement, RHNO has agreed to grant Mr. Claridge options to purchase one hundred fifty thousand (150,000) shares of RHNO's restricted common stock at $0.50 per share with a three (3) year option to exercise. The consulting agreement terminates on October 31, 2001. The Company has the right to terminate the agreement at an earlier date with five (5) days written notice. -2- SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Rhino Enterprises Group, Inc. (Registrant) Date: June 5, 2001 By:/S/ DANIEL H. WEAVER -------------------------------- Daniel H. Weaver Chief Financial Officer and duly authorized officer -3-