U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
Date of Report (Date of earliest event reported): June 10, 1999.
AVANI INTERNATIONAL GROUP INC.
______________________________________________
(Name of Small Business Issuer in its charter)
Nevada 000-23319 88-0367866
______________ ___________________ ________________
(State of Commission File No. (I.R.S. Employer
Incorporation) I.D. Number)
#328-17 Fawcett Road, Coquitlam, B.C. (Canada) V3K 6V2
______________________________________________ _________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number 604-525-2386.
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Item 1. Change of Control of Registrant.
On August 3, 1999, the Company completed a transaction whereby it
sold 3,750,000 shares of common stock and 3,750,000 common stock
warrants to Yip, Kam Chong and received the sum of $750,000. The
transaction was effected pursuant to Share Subscription Agreement
and Warrant Agreement between the parties both dated May 12,
1999. The stock purchase warrants are exercisable at a price per
share of $0.20 on or before August 12, 2000, $0.25 on or before
August 12, 2001, and $0.30 on or before August 12, 2002.
On June 10, 1999, the Company completed a transaction whereby it
sold 3,500,000 shares of common stock and 3,500,000 common stock
warrants to Ngai Sou Chang and received the sum of $700,000. The
transaction was effected pursuant to Share Subscription Agreement
and Warrant Agreement between the parties both dated May 12,
1999. The stock purchase warrants are exercisable at a price per
share of $0.20 on or before July, 2000, $0.25 on or before July
1, 2001, and $0.30 on or before July 1, 2002.
The above transactions in part were reported previously in, and
the relevant agreements were exhibits to, the Company's Form 10-
QSB for the period ended June 30, 1999.
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Avani International Group, Inc.
/s/Robert Wang September 28, 1999
__________________________
Robert Wang
President
