U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
________________________________________________________________________________
1. Name and Address of Reporting Person*
Bunka Chris
--------------------------------------------------------------------------------
(Last) (First) (Middle)
5774 Deadpine Drive
--------------------------------------------------------------------------------
(Street)
Kelowna, British Columbia VJPJA3
--------------------------------------------------------------------------------
(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Newsgurus.com, Inc., No ticker or trading symbol as the Issuer is not yet quoted
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
N/A
________________________________________________________________________________
4. Statement for Month/Year
02/2000
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
N/A
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
President, C.E.O. and Director
________________________________________________________________________________
7. Individual or Joint/Group Reporting (Check Applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
________________________________________________________________________________
================================================================================
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
================================================================================
<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) Month/Day/Year Code V (D) and 4) (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 2,975,000 Direct
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* If the Form is filed by more than one reporting person, see Instruction
4(b)(v).
<PAGE>
FORM 4 (continued)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
================================================================================
<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Right to exercise Vest at 12.5%
options for every 3 months Feb.01,
common stock $1.00 Feb.01,2000 J(2) 400,000 for 2 years 2005 -- -- $1.00 400,000 Direct N/A
------------------------------------------------------------------------------------------------------------------------------------
Units for
Common
Stock, see
Note (1) $0.05 Feb.01,2000 J(1) 100,000 See Note (1) See Note (1) -- -- $0.05 100,000 Direct N/A
====================================================================================================================================
</TABLE>
EXPLANATION OF RESPONSES:
NOTE (1):
---------
Mr. Bunka subscribed for 100,000 units of Newsgurus.com, Inc. at a price of
$0.05 per unit. Each unit shall consist of one common share in the capital stock
of Newsgurus.com, Inc. and one non-transferable share purchase "C" warrant. Each
warrant remains valid for five (5) years from the Start Date. Mr. Bunka is
entitled to purchase two (2) common shares in the capital of Newsgurus.com at a
price of $1.00 per share, for each one (1) "C" warrant so held, no more than
50,000 of such "C" warrants to be exercised before November 30, 2001; no more
than 20,000 such "B" warrants to be exercised during the twelve month period
commencing November 30, 2001; and, no more than 20,000 such "C" warrants to be
exercised during the twelve month period commencing November 20, 2002; and no
more than 80,000 such "C" warrants to be exercised during the twelve month
period commencing November 30, 2003.
NOTE (2):
---------
Grant of stock options.
/s/ Chris Bunka August 10, 2000
--------------------------------------------- -----------------------
**Signature of Reporting Person Date
** Intentional Misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space Provided is insufficient, see Instruction 6 for procedure.
2
