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: June 7, 1999
(Date of Earliest Event Reported: March 16, 1999)
RIGL CORPORATION
_____________________________________________________________________________
(Exact name of registrant as specified in its charter)
Nevada 0-24217 85-0206668
_______________ ______________ _____________
(State or other jurisdiction (Commission File No.) (IRS Employer I.D. No.)
of incorporation)
4840 East Jasmine Street, Suite 105, Mesa, Arizona 85020
_____________________________________________________________________________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (602) 654-9646
_____________________________________________________________________________
(Former name or former address, if changed since last report.)
<PAGE>
Item 6. Resignations of Registrant's Directors.
The Registrant reports that on March 16, 1999, Tennessee Webb resigned
from his position as Chairman of the Board of Directors. Mr. Webb's
resignation was delivered to the other members of the Board in writing. Mr.
Webb's resignation was for personal reasons and did not arise from any
disagreement with the Registrant on any matter relating to the Registrant's
operations, policies or practices.
The Registrant reports that on April 17, 1999, Eugene Starr resigned from
his position as a member of the Board of Directors. Mr. Starr's delivered a
written letter of resignation to the other members of the Board. Mr. Starr's
resignation was for personal reasons and did not arise from any disagreement
with the Registrant on any matter relating to the Registrant's operations,
policies or practices.
Item 6 EXHIBIT INDEX
Exhibit A - Resignation letter of Tennessee Webb
Exhibit B - Resignation letter of Eugene Starr
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, thereto duly authorized.
March 29, 1999
RIGL CORPORATION
By ________/s/_______________
Kevin Jones
As President and
Chief Operations Officer
<PAGE>
EXHIBIT A
NOTICE OF RESIGNATION
TO: Board of Directors of RIGL Corporation
c/o Kevin Jones, President and C.O.O.
RIGL Corporation
4840 East Jasmine, Suite 105
Mesa Arizona 85205
Fr: Tennessee Webb
Dt: 3-16-99
NOTICE:
It has been a positive experience for me to have had the privilege of serving
with you for the past three years.
As I am endeavoring to create a "Foundation" for Children, as well as pursue
other business opportunities, I am currently unable to provide the time to
RIGL necessary to serve as an effective Chairman and member of the Board of
Directors.
With regrets and well wishes for your continuing efforts and success, I hereby
resign as Chairman and Director of RIGL Corporation, as well as from the
compensation committee, effective March 16, 1999.
____________/s/__________
Tennessee Webb
Chairman of the Board of Directors
cc: Gene Starr
William O'Neal
Peter De Krey
<PAGE>
EXHIBIT B
_______________________________________________________________________________
DR. EUGENE STARR:431 SUMMIT ST:ENGLEWOOD CLIFFS, NEW JERSEY 07632:(201)568 0448
_______________________________________________________________________________
April 17, 1999
Mr. Kevin Jones, President
RIGL Corporation
4840 E. Jasmine #105
Mesa, AZ 85205
Dear Kevin:
I would like to express my appreciation for the opportunity to work with you
in RIGL Corporation. However, with the many changes developing at RIGL, I do
not feel that I can contribute to the further growth of the corporation.
Therefore, I am hereby tendering my resignation from the Board of Directors of
the corporation. I wish you success in the future direction
Sincerely
_____________/s/________________
EUGENE STARR
