FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
0f 1934
Date of Report July 5, 2001
Internet Golf Association, Inc.
(Exact name of Registrant as specified in its charter)
................................................................................
Nevada 0-29015 84-0605867
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification)
P.O. Box 546, 8547 E. Arapaho Road, #J, Greenwood Village, Colorado 80112-1430
(Address of principal executive offices) (Zip Code)
(310) 328-3588
Registrant's telephone number, including area code
................................................................................
ITEM 1 Changes in Control of Registrant
Effective July 5, 2001 control of the Registrant was assumed by Zenith
Petroleum Corporation with principal address of 5766 South Ivy Street, Greenwood
Village, Colorado 80111. Control was assumed by agreement between management of
the Registrant, prior to their resignations, and Zenith Petroleum Corporation.
The basis for the change in control was the extreme financial status of the
Registrant, wherein Registrant was unable to raise further funds to meet its
ongoing obligations to creditors and had accumulated total debt of $679,154.00.
In exchange for Zenith Petroleum Corporation agreeing to begin direct payments
in full on Registrant's debts, negotiation of debt write-off, and payments of
debt at less than their fair value Registrant's management authorized the
issuance of 20,000,000 restricted shares of Registrant's stock to Zenith
Petroleum Corporation. Furthermore Vincent Castagnola, President of Registrant,
Kirk Zamzow, Chief Operating Officer of Registrant and Brian Walsh, a founder,
Phillip K. Roberts, and James Wabel of Internet Golf Advertising Corporation
caused the transfer to Zenith Petroleum Corporation of a further 9,163,520
shares.
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 thereunto duly authorized.
Internet Golf Association
Date: July 5, 2001 By: /s/ Patricia Johnston
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President |
