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: September 16, 1999
(Date of Earliest Event Reported: September 7, 1999)
RIGL CORPORATION
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(Exact name of registrant as specified in its charter)
Nevada 0-24217 85-0206668
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(State or other jurisdiction (Commission File No.) (IRS Employer I.D. No.)
of incorporation)
4840 East Jasmine Street, Suite 105, Mesa, Arizona 85020
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (480) 654-9646
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(Former name or former address, if changed since last report.)
Item 2. Acquisition or Disposition of Assets.
RIGL Corporation announced on September 7, 1999 that it and its wholly
ownedsubsidiary, Telco Billing, Inc. executed documentation finalizing
a $3,000,000.00 credit facility from California-based lender Fremont
Financial Corporation. The credit facility is secured by Telco's
Accounts Receivables and other assets.
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RIGL President, Kevin L. Jones, stated that "this credit facility
will be used to expand the Yellow Page.Net customer base, upgrade
the website and implement a marketing and public relations campaign
for the Corporation, its products and services."
Except for the historical information contained herein, the
matters set forth in this document are forward-looking statements
within the meaning of the "safe harbor" provisions of The Private
Securities Litigation Reform Act of 1995. These forward
looking statements are subject to risk and uncertainties that may
cause actual results to differ materially. These forward-looking
statements speak only as of the date hereof, and the company
disclaims any intent or obligation to update these
forward-looking statements.
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.
September 16, 1999
RIGL CORPORATION
By ___/s/ Kevin L. Jones___
Kevin L. Jones
As President and
Chief Operations Officer
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