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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): June 3, 1997
Mar Ventures Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or other jurisdiction of incorporation)
0-20879 95-458-0642
(Commission File Number) (IRS Employer Identification No.)
17337 Ventura Boulevard, Suite 224
Encino, California 91436
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (818) 784-0040
None
(Former name or former address, if changed since last report)
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Item 5. Other Events
Mar Ventures Inc. ("Mar Ventures") has announced that it has signed a letter of
intent, dated June 3, 1997, with Pyr Energy, LLC("Pyr"), pursuant to which Mar
Ventures has been granted the option to either (i) acquire all of the
membership interests in Pyr or (ii) to effect a merger or other combination of
Mar Ventures (or a subsidiary corporation or other entity controlled by Mar
Ventures) and Pyr. In connection with the letter of intent, Mar Ventures has
made a short-term loan in the amount of $275,000 to Pyr.
A press release, dated June 6, 1997, regarding the above events has been
attached hereto as an Exhibit.
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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.
MAR VENTURES INC.
By: /s/ Buddy Young
---------------
Buddy Young
President
Date: June 6, 1997
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EXHIBIT INDEX
Item No. Description
99 Press Release, dated June 6, 1997.
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[Mar Ventures, Inc. - Letterhead]
PRESS RELEASE
FOR IMMEDIATE RELEASE
SUBJECT: Mar Ventures Announces Signing Letter of Intent
with Pyr Energy, LLC
CONTACT: Buddy Young, President & C.E.O.-MAR VENTURES
(818) 784-0040
ENCINO, California, June 6, 1997-Mar Ventures, Inc.(MRVI-OTC) today announced
that it has signed a letter of intent, dated June 3, 1997, with Pyr Energy, LLC
pursuant to which Mar Ventures has been granted the option to either (i) acquire
all of the membership interests in Pyr or (ii) to effect a merger or other
combination of Mar Ventures (or a subsidiary corporation or other entity
controlled by Mar Ventures) and Pyr. In connection with the letter of intent,
Mar Ventures has made a short-term loan in the amount of $275,000 to Pyr.
Pyr Energy, LLC is an independent oil and gas company whose focus is on
exploration in the United States.
Mar Ventures common shares are traded over-the-counter on the NASD'S "Bulletin
Board" system, with the symbol "MRVI."
Mar Ventures, Inc., creates, distributes and markets television programming.
