8-K/A 1 doc1.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) May 14, 2003 AMANASU ENVIRONMENT CORPORATION (Exact Name of Registrant as Specified in its Charter) NEVADA 0-32905 98 - 0347883 -------------- ---------------- -------------- (State or other (Commission file (IRS Employer jurisdiction of Number) Identification No.) incorporation) 701 FIFTH AVENUE, 36TH FLOOR, SEATTLE, WA 98109 ----------------------------------------------- (Address of principal executive offices) 206-262-8188 ------------ (Registrant's telephone number, including area code) Not applicable -------------- (Former name or former address if changed since last report) 1 Item 5. Other Events and Regulation FD Disclosure On May 14th, 2003, Amanasu Environment Corporation ("the Company") entered into an agreement with Jipangu Inc. ("Jipangu) to purchase 10,000,000 of its shares for 580,000,000 Japanese Yen, approximately $4,993,000 as of May 14th, 2003. Payment of the shares will be made as follows: - 20% of the purchase price (in Japanese Yen) to be paid on or before May 31, 2003 - Remaining balance (in Japanese Yen) to be paid on or before June 25, 2003 As security for payment of the remaining balance, Amanasu Corporation (a major share holder of the Company) will transfer 500,000 shares of the Company to Jipangu to be held in escrow. When Jipangu has received the remaining balance, the 500,000 shares will be returned immediately to Amanasu Corporation. Item 6. Financial Statements and Exhibits (a) Financial statements of businesses acquired None (b) Pro forma financial information None (c) Exhibits 99.1 Stock Purchase Agreement SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Amanasu Environment Corporation By:/s/Atsushi Maki Atsushi Maki, President and CEO