SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Act of 1934
ENVIROKARE TECH, INC.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
29404N-209
(CUSIP Number)
Robert Davidson
Envirokare Tech, Inc.
2470 Chandler Avenue, Suite 5
Las Vegas, Nevada 89120
Tel.: 702-262-1999 Fax: 702-262-1909
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 14, 1999
(Date of Event which Requires Filing of This Statement)
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CUSIP No. 29404N-209 Page 2 of 5
SCHEDULE 13D
________________________________________________________________________________
1 NAME OF REPORTING PERSON ARCADE INVESTMENTS LIMITED
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Bahamas
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 5,100,000 (see No. 11, below)
SHARES _________________________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING _________________________________________________________________
PERSON 9 SOLE DISPOSITIVE POWER
WITH
5,100,000 (see No. 11, below)
_________________________________________________________________
10 SHARED DISPOSITIVE POWER
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Convertible Preferred Shares (500,000 shares, each convertible 5,000,000
into Ten (10) shares of the Issuer's Common Stock)
Common Shares 100,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.4 %
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IV, CO
________________________________________________________________________________
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CUSIP No. 29404N-209 Page 3 of 5
SCHEDULE 13D
Item 1. Security and Issuer
Class of Securities: Common Stock, par value $.001
Name of Issuer: ENVIROKARE TECH, INC.
Address of Issuer: 2470 Chandler Avenue, Suite 5
Las Vegas, Nevada 89120
Tel.: 702-262-1999 Fax: 702-262-1909
Item 2. Identity and Background
(a) Names:
This Statement is filed by ARCADE INVESTMENTS LIMITED ("ARCADE"), as the
direct beneficial owner of 500,000 shares of Series A Convertible Preferred
Stock (the "Convertible Preferred Shares") and 100,000 shares of Common
Stock of the Issuer. Additionally, information for these Items 2-6 is being
provided for the following officers and directors of ARCADE: Isaac Collie -
President/Director; Shaniqua McPhee - Director; and Janeen Curtis -
Secretary.
(b) Residence or business addresses:
The principal executive office of ARCADE is located at 21 East Drive,
Garston, Watford, ENGLAND WD2 6AH.
The principal business address of each of Isaac Collie, Shaniqua McPhee and
Janeen Curtis is Suite 61, Shirley Street, P.O. Box N 7521, Nassau,
Bahamas.
(c) Principal businesses or occupations:
The principal business of ARCADE is investing in, and holding, securities.
The principal occupation of Isaac Collie is an Investment Banker, and the
principal occupations of Shaniqua McPhee and of Janeen Curtis are Company
Administrators. Each of these persons is employed by ARCADE and working at
the Bahamas address specified in (b) above.
(d) Not applicable
(e) Not applicable
(f) Citizenship:
ARCADE is a private corporation organized under the laws of The Bahamas.
Each of Isaac Collie, Shaniqua McPhee and Janeen Curtis is a citizen of The
Bahamas.
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CUSIP No. 29404N-209 Page 4 of 5
SCHEDULE 13D
Item 3. Source and Amount of Funds or Other Consideration
The total amount of funds required by ARCADE to acquire the Convertible
Preferred Shares and the Common Stock were provided by ARCADE's cash on
hand and no funds were borrowed for such purpose. None of Isaac Collie,
Shaniqua McPhee or Janeen Curtis has any direct ownership of Convertible
Preferred Shares or of the Common Stock of the Issuer.
Item 4. Purpose of Transaction
The purposes of the transactions were solely for investment purposes.
Item 5. Interest in Securities of the Issuer
(a) Aggregate number of securities 500,000 shares of Convertible
Preferred Stock, each convertible
at any time until 10/13/01, into
ten (10) shares of Common Stock
of the Issuer. Equivalent
position therefore 5,000,000
shares of Common Stock of the
Issuer.
100,000 shares of Common Stock
Percentage of class of securities: 48.4%
(b) Sole voting power: 5,100,000*
Shared voting power: 0
Sole dispositive power: 5,100,000*
Shared dispositive power: 0
* Assumes conversion of all of the Convertible Preferred Shares @ 10
shares of Common Stock.
(c) The only transactions by the Reporting Person in the Issuer's reported
securities were: (1) the Reporting Person's purchase of the
Convertible Preferred Shares on October 14, 1999, at a purchase price
of $0.50 per share; and (2) the Reporting Person's purchase of 100,000
shares of Common Stock on February 18, 2000, at a purchase price of
$1.50 per share. Both transactions were effected as private placements
exempt from registration requirements of the Securities Act of 1933
(the "Act") pursuant to Regulation S promulgated under the Act, since
the offers and sales in both cases were made to "non-U.S. persons
outside the United States of America."
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CUSIP No. 29404N-209 Page 5 of 5
SCHEDULE 13D
(d) No other person has such rights other than the Reporting Person.
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None
Item 7. Material to be Filed as Exhibits
Not applicable
DISCLAIMER OF BENEFICIAL OWNERSHIP
Not applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 29, 2000 ARCADE INVESTMENTS LIMITED
By: /s/ E. Isaac Collie
---------------------------------
Name: E. Isaac Collie
Title: President/Director
