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)December 1, 1999
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
(Exact name of Registrant as specified in charter)
NEVADA 0-21071 88-0309578
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
313 Pilot Road, Suite B, Las Vegas, Nevada 89119
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area (702) 269-1325
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On December 1, 1999, NevStar Gaming & Entertainment Corporation (the "Company")
filed a petition for relief under Chapter 11 of the Bankruptcy Code. The
petition was filed with the U.S. Bankruptcy Court for the District of Nevada
(Case No. 99-19566RCJ). At this time, the Company is managing its affairs as a
"debtor-in-possession," as defined in the Bankruptcy Code. No trustee,
examiner or other officer has been appointed by the Court to manage the
affairs of the Company.
ITEM 5. OTHER EVENTS
The Company has been notified by the Staff of the Nasdaq Stock Market
that it had not received the Company's Form 10-KSB for the fiscal
year ended June 30, 1999, as required by Marketplace Rule 4310(c)(14);
that the Company was not in compliance with the minimum $1.00 bid price per
share requirement of Marketplace Rule 4310(c)(4)and that the Company was not
in compliance with the net tangible assets/market capitalization/net income
requirement of Marketplace Rule 4310(c)(2)(B).
The Company requested an oral hearing with respect to its qualification
for continued listing on the Nasdaq SmallCap Market. The hearing before
the Nasdaq Listing Qualifications Panel is scheduled for December 2, 1999.
In light of the Company's filing of the petition for relief described in
item 3, the outcome of the hearing is uncertain.
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 hereunto duly authorized, on the 1st day of December, 1999.
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
By:
Michael J. Signorelli
Its: Chairman of the Board and
Chief Executive Officer
