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@ 1 1/8 today Lots of news lately suggesting a reborn company. 52 wk high of 12 Some headlines... -------- Oasis Resorts International Inc. Executes Contract with Winter De La Mare AIA, Architect for the Design of the Oasis Hotel & Casino Inc. in Oasis, Nevada WENDOVER, Nev.--(BUSINESS WIRE)--April 7, 1999--Oasis Resorts International Inc. (OTC BB:OAIS) a Hotel and Casino operator which operates the Casino Cleopatra CapGamarth, Casino Cleopatra Hammamet, and Resort at CapGammarth, in Tunisia, executes contract with Winter De La Mare for the design of a Hotel & Casino, to be built, in Oasis, Nevada. Winter De La Mare's contract calls for the design of an $80 MILLION DOLLAR MULTI-MIXED FAMILY RESORT. --------- Oasis Resorts International Inc. Obtains Loan Commitment to Acquire Hotel & Casino Properties WENDOVER, Nev.--(BUSINESS WIRE)--April 1, 1999--Oasis Resorts International Inc. (OTC BB:OAIS - news) Thursday announced that its 75%-owned subsidiary, Cleopatra Palace Resorts and Casinos Limited, has received a commitment from Morgan Weinstein & Co. to fund a One Hundred Million Dollar ($100,000,000) loan to allow Cleopatra to acquire and complete the real estate complex including the Hotel Le Palace presently operated by Cleopatra's World Inc. (a 60%-owned subsidiary of Oasis) and the Cap Gammarth Casino property. The commitment includes the funds required to equip the casino and provide working capital. The loan will also provide funds to pay off indebtedness of Cleopatra Hammamet Casino and provide working capital for the casino -------- SEC info sec.yahoo.com From Edgars Date of Report (Date of earliest event reported): October 26, 1998 OASIS RESORTS INTERNATIONAL INC. (Exact name of registrant as specified in its charter.) Kansas (State of incorporation or organization) 0-9476 (Commission File Number) 48-0680109 (I.R.S. Employee Identification No.) 915 N. Wells, Wendover, Nevada (Address of principal executive offices) 89883 (Zip Code) Registrant's telephone number, including area code: (702) 664-3484 FLEXWEIGHT CORPORATION (Former name or former address, if changed since last report) [ORI\8-K:102698]-3 1 Item 1. Changes in Control of Registrant Upon reincorporation in Nevada (see Item 5 below) the Company increased its authorized capital stock from Twenty Five Million (25,000,000) shares of $0.10 par value common stock to Seventy Five Million (75,000,000) shares of $0.001 par value common stock and Twenty Five Million (25,000,000) shares of $0.001 par value preferred stock. Each share of Flexweight was exchanged for One (1) share in the new corporation. Additionally (see Item 2 below), Flexweight issued Six Million Eight Hundred Seventeen Thousand Two Hundred Forty Eight (6,817,248) shares of common stock, Six Million (6,000,000) warrants representing the right to acquire Thirty Six Million (36,000,000) additional shares of common stock and promissory notes with an aggregate face value of $180 million to NuOasis International, Inc. in exchange for certain assets in NuOasis International, Inc. Item 2. Acquisition or Disposition of Assets On October 19, 1998, Flexweight entered into an exchange agreement with NuOasis International, Inc., a wholly owned subsidiary of NuOasis Resorts, Inc., trading symbol NUOA. Flexweight acquired all of the equity interest owned by NuOasis International Inc. in Cleopatra Gammarth, Limited (which operates the casino Cleopatra Cap Gammarth), Cleopatra Hammamet Limited (which operates the casino Cleopatra Hammamet Casino) and Cleopatra's World, Inc. (which operates the Le Palace Hotel & Resorts at Cap Gammarth). All of the properties are located in Tunisia. NuOasis International received the following consideration from Flexweight in exchange of its assets: Six Million Eight Hundred Seventeen Thousand Two Hundred Forty Eight (6,817,248) shares of common stock, Six Million (6,000,000) warrants representing the right to acquire Thirty Six Million (36,000,000) additional shares of common stock and promissory notes with an aggregate face value of $180 million.Item 3. Bankruptcy or Receivership N/AItem 4. Changes in Registrant's Certifying Accountant N/AItem 5. Other Events Effective October 19, 1998 the Company reincorporated in Nevada and, in the process changed the name of the Company from Flexweight Corporation to Oasis Resorts International, Inc. to better reflect its new corporate direction.Item 6. Resignation of Registrant's Directors --------- Lots of interest lately in these development stage casino operators We'll see what happens ------- | ||||||||||||||
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