SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20509
FORM 8-K-A3
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
October 16, 1998
Date of Report
(Date of Earliest Event Reported)
CHEROKEE MINERALS AND OIL, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada 02-23729 87-0575839
(State or other juris- (Commission File No.) (IRS Employer
diction of incorporation) I.D. No.)
12222 South 1000 East, Suite #1
Draper, Utah 84020
(Address of Principal Executive Offices)
(801) 553-8790
Registrant's Telephone Number
Item 1. Changes in Control of Registrant.
There have been the following changes to this Item, which was
contained in the 8-K-A2 Current Report of the Company dated October 16, 1998.
(b) To the knowledge of management and based upon a review of the
stock ledger maintained by the Registrant's transfer agent and registrar, the
following table sets forth the beneficial ownership of persons who own more
than five percent of the Registrant's common stock as of the date hereof, and
the share holdings of new management, to wit:
Amount and Nature Percent
of Beneficial of
Name Title Ownership Class
Culley W. Davis CEO and Chairman 7,000 .000291%
Pinnacle Enterprises, Inc. (1) 3,013,424 14.18%
Ronald L. LaFord President -0- -0-
Mark S. Brewer Vice President 36,000 .0015%
Paul A. Kujanpas Vice President -0- -0-
of Manufacturing
John W. Nagel CFO -0- -0-
Bruce H. Haglund, Esq. Secretary and Director 72,000 .003%
George Taylor Munroe (2) 2,448,000 11.7%
T-6G Limited 1,152,000 5.4%
All directors and executive 3,128,424 14.7%
officers as a group (six total)
(1) Culley W. Davis owns 100% of the issued and outstanding shares of
Pinnacle Enterprises, Inc.
(2) George Taylor Munroe directly owns 720,000 shares. He acts as a Trustee
of three trusts which own the other 1,728,000 shares indicated.
*All other portions of the previously filed 8-K-A2 Current Report dated
October 16, 1998, remain unchanged.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.
CHEROKEE MINERALS AND OIL, INC.
Date: 12/22/98 By:/s/Culley W. Davis
--------------------------------------
Culley W. Davis
CEO and Chairman of the Board of Directors
