-----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, C6v2SIYpcrwiLBmuy7Xlz83RenUb9B5+E8ROn2pjygKpMsWmu63IQQUZayMw/MJX p0sNQ+oih+py/50JV4JvwQ== 0000930661-98-002305.txt : 19981111 0000930661-98-002305.hdr.sgml : 19981111 ACCESSION NUMBER: 0000930661-98-002305 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981029 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GARNET RESOURCES CORP /DE/ CENTRAL INDEX KEY: 0000820084 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 742421851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-16621 FILM NUMBER: 98741604 BUSINESS ADDRESS: STREET 1: RURAL ROUTE 2, P.O. BOX 4400 STREET 2: SUITE 650 CITY: NACOGDOCHES STATE: TX ZIP: 75961 BUSINESS PHONE: 409-559-99 MAIL ADDRESS: STREET 1: RR 2 BOX 4400 STREET 2: 333 CLAY ST STE 4500 CITY: NACOGDOCHES STATE: TX ZIP: 75961 8-K 1 FORM 8-K UNITED STATES 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 29, 1998 GARNET RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-16621 74-2421851 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation or organization) Identification Number) 8235 DOUGLAS AVENUE, 75225 SUITE 400, DALLAS, TEXAS (Zip Code) (Address of principal executive offices) (214) 691-3464 (Registrant's telephone number, including area code) RR 2 Box 4400 Nacogdoches, Texas 75961 (Former name or former address, if changed since last report) Item 5. Other Events The press release dated October 29, 1998, that is filed herewith as Exhibit 20.1 is incorporated herein by reference. Item 7. Exhibits c) Exhibits 20.1 Press release dated October 29, 1998 reporting on the completion of the merger with Aviva Petroleum Inc. 1 SIGNATURES ---------- 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 thereunto duly authorized. GARNET RESOURCES CORPORATION Date: November 9, 1998 /s/ R. Suttill ------------------------- Ronald Suttill President 2 EXHIBITS Number Description of Exhibit - ------ ---------------------- **20.1 Press release dated October 29, 1998 reporting on the completion of the merger with Aviva Petroleum Inc. - ------- ** Filed Herewith 3 EX-20.1 2 PRESS RELEASE EXHIBIT 20.1 PRESS RELEASE - -------------------------------------------------------------------------------- AVIVA PETROLEUM REPORTS SUCCESSFUL COMPLETION OF MERGER WITH GARNET RESOURCES DALLAS, TEXAS, October 29, 1998 ... Aviva Petroleum Inc. (AMEX: "AVV") reports that following shareholder meetings held on October 20, 1998, the merger between the Company and Garnet Resources Corporation has been successfully completed. New financing arrangements for the merged entity have also been concluded. Ron Suttill, Chief Executive Officer, commented: "Shareholders in both companies decisively approved the merger, which also has the full support of our bankers. We can now take advantage of cost savings and current industry opportunities to build on our existing asset base in Colombia and the Gulf of Mexico." The merged company will continue its listings under the Aviva Petroleum Inc. name and symbols. Following the merger there are 46.7 million common shares outstanding. Depositary Shares (each representing five common shares) have been accepted for listing on the American Stock Exchange. An application for the listing of the new common shares on the London Stock Exchange is currently in progress. The Company was informed by the American Stock Exchange on October 27, 1998 of its intention to delist Aviva's Depositary Shares. The Company is appealing this decision and has been informed that the Depositary Shares will continue to trade during the appeal process. Aviva Petroleum is engaged in the exploration for and the development and production of oil and gas in Colombia and offshore in the United States. Aviva's common stock is also quoted on the London Stock Exchange (symbol "AVP"). Safe Harbor for Forward-Looking Statements: Except for historical information - ------------------------------------------- contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, general economic conditions, volatility of oil and gas prices, the impact of possible geopolitical occurrences world-wide, imprecision of reserve estimates, changes in laws and regulations, unforeseen engineering and mechanical or technological difficulties in drilling or working-over wells, and other risks described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Further Information: Ron Suttill Aviva Petroleum Inc. Dallas, Texas 214 691 3464 -----END PRIVACY-ENHANCED MESSAGE-----