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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
North American Resorts, Inc.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
Ellen Luthy, c/o Cyclone Financing Group, Inc.,
2nd Floor, 827 West Pender Street, Vancouver, B.C. V6C 3G8
(604) 646-5546
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
657093407
(CUSIP Number)
June 20, 2000
(Date of Event which Requires Filing of this Statement)
CUSIP No. 657093407
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1. Names of Reporting Persons. I.R.S. Identification Nos. of
above persons (entities only).
Wealthy Investor Network Inc. (Benjamin Traub sole owner)
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions)
PF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e)
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6. Citizenship or Place of Organization
British Columbia, Canada
Number of 7. Sole Voting Power 7,600,000 [1]
Shares ----------------------------------------------
Beneficially 8. Shared Voting Power 0
Owned by ---------------------------------------------
Each 9. Sole Dispositive Power 7,600,000 [1]
Reporting ---------------------------------------------
Person With 10. Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by
Each Reporting Person 7,600,000
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12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
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13. Percent of Class Represented by Amount in
Row (11) 79.12%
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14. Type of Reporting Person (See Instructions) CO
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[1] The shares of North American Resorts, inc. ("NARI") common
stock covered by this report were purchased by the Reporting
Person pursuant to the Stock Acquisition Agreement dated May
30, 2000 and finalized on June 20, 2000 ("Stock Acquisition
Agreement"); and described in Item 4 of this Report.
Reporting Person expressly disclaims beneficial ownership of
any of the shares of common stock of NARI which were purchased
by the other buyers as set forth in the Stock Acquisition
Agreement (a total of 1,900,000 shares). The 1,900,000 shares
represented 19.78% of the total outstanding shares of common
stock of NARI as of June 20, 2000.
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Item 1.
Security and Issuer
This statement relates to the Common Stock, $0.001 par value
per share (the "Common Stock") of North American Resorts, Inc.
("NARI") whose principal executive offices are located at
15945 Quality Trail North, Scandia, MN 55073.
Item 2. Identity and BackgroundThe Reporting Person is:
(a) Wealthy Investor Network Inc. (100% owned by Benjamin Traub)
(b) 240 - 11948 207th Street, Maple Ridge, B.C. V2X 1X7
(c) Company for Benjamin Traub investments
(d) The Reporting Person, during the last five years, has not been
convicted in any criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) The Reporting Person, during the last five years, has not been
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction.
(f) Canadian
Item 3. Source and Amount of Funds or Other Consideration
Benjamin Traub, 100% owner of Wealthy Investor Network Inc.
("WIN") purchased as agent for principals and for WIN
9,500,000 common shares of NARI for $75,000.00 cash. All
funds were provided by Benjamin Traub; 7,600,000 common shares
were registered in the name of WIN; the balance of 1,900,000
common shares were acquired by various other companies and
individuals. Mr. Traub negotiated, funded and performed the
required actions of the buyers with respect to the purchase of
the NARI common stock.
Item 4. Purpose of Transaction
WIN purchased the NARI Common Stock on June 20, 2000
(acquiring 79.12% of the outstanding shares of NARI) for the
purpose of NARI locating a suitable investment and obtaining
related acquisition financing.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Pursuant to the Stock Acquisition Agreement, the NARI
board of directors resigned on June 20th and Mr. Benjamin
Traub (100% owner of WIN) was appointed President and
director; and Robert Seitz and Ellen Luthy were appointed
new directors and Vice-President and Secretary-Treasurer,
respectively.
(e) Not applicable
(f) Not applicable
(g) Not applicable
(h) Not applicable
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(i) Not applicable
(j) Not applicable
Item 5. Interest in Securities of the Issuer
(a) The number of shares of NARI Common Stock purchased by
the Reporting Person pursuant to the Stock Acquisition
Agreement was 7,600,000 which constituted 79.12% of the
NARI Common Stock based on the NARI shares issued and
outstanding on June 20, 2000. The Reporting Person has
the sole right to vote or to dispose of the shares of
NARI Common Stock acquired pursuant to the Stock
Acquisition Agreement.
(b) See (a) above
(c) None other than set forth in this Item 5 (a)
(d) Benjamin Traub, the sole owner of the Reporting Person
may be deemed to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds
from the sale of, the NARI Common Stock owned by
Reporting Person.
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Not applicable
Item 7. Material to Be Filed as Exhibits
(a) Stock Acquisition Agreement dated June 1, 2000 (closing
date June 20, 2000) between Ben Traub, as agent for
certain principals, and North American Resorts, Inc.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
Date: June 30, 2000
Signature:
For Wealthy Investor Network, Inc.
By: /s/ Benjamin E. Traub
Benjamin E. Traub, President
