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 (Date of earliest event reported): December 27, 1999
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ZIASUN TECHNOLOGIES, INC.
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(Exact name of Registrant as specified in its charter)
Nevada
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(State or other jurisdiction of Incorporation or organization
000-27349 84-1376402
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(Commission File Number) (I.R.S. Employer Identification No.)
462 Stevens Avenue, Suite 106, Solana Beach, California 92075
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(Address of principal executive offices) (Zip Code)
(619) 350-4060
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets.
On December 27, 1999, the Registrant entered into a Share Purchase
Agreement with Internet Ventures, Ltd., a Somoa registered company ("IVL"),
under which the Registrant would sell all shares and interest, in its
subsidiary, Asia4sale.com, Ltd., to IVL, in consideration of $5,000,000 cash and
300,000 shares of the common stock of IVL which would represent at the Closing
of said transaction thirty percent (30%) of the issued and outstanding common
stock of IVL.
The sale of Asia4Sale.com Ltd., to IVL was approved by the boards of
directors of the Registrant and completed and closed on December 30, 1999.
Item 7. Financial Statements, Pro Forma Financial Statements And Exhibits
(c) Exhibits.
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1 Share Purchase Agreement between the Registrant and IVL dated
December 27, 1999.
SIGNATURES
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Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the Undersigned, thereunto duly authorized.
ZiaSun Technologies, Inc.
(Registrant)
Dated: January 14, 2000 /S/ D. Scott Elder
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By: D. Scott Elder
Its: Chief Executive Officer
Dated: January 14, 2000 /S/ Allen D. Hardman
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By: Allen D. Hardman
Its: Vice President
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