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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
IMREG, Inc.
________________________________________________________________________________
(Name of Issuer)
Class A Common Stock
________________________________________________________________________________
(Title of Class of Securities)
452908106
_______________________________________________________________
(CUSIP Number)
John M. Klimek, 30 N. LaSalle, Ste. 3500, Chicago, IL 60602 (312) 726-1224
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 22, 1996
_______________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with the statement [_]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 452908106 PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arthur J. Gore SSN: ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,055,000 shares 600,000 warrants
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY -----
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,055,000 shares 600,000 warrants
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 -----
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,655,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
11.15%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
CUSIP NO. 452908106 PAGE 3 OF 4
ITEM 1. Security and Issuer
-------------------
Class A Common Stock, $.05 Par Value
IMREG, Inc.
144 Elk Place
Suite 1400
New Orleans, LA 70112
ITEM 2. Identity and Background
-----------------------
a. Arthur J. Gore
b. 4305 NW 75th Street
Gainesville, FL 32606
c. Chief Executive Officer
Mother Earth Markets
521 NW 13th Street
Gainesville, FL 32601
d. N/A
e. N/A
f. United States
ITEM 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
This amendment is being filed to report the purchase by Mr. Gore of
755,000 shares of IMREG, Inc. Class A Common Stock on August 22,
1996, in a private transaction from several shareholders. The total
purchase price of $7,550, or $.01 per share, was paid from Mr.
Gore's personal funds.
ITEM 4. Purpose of Transaction
----------------------
The issuer, IMREG, Inc., has recently filed a petition under Chapter
7 of the United States Bankruptcy Code. Mr. Gore is attempting,
independent of the issuer, to obtain financing for the Company to
allow it to withdraw its bankruptcy petition. No such financing has
been arranged and there is no assurance that such financing will
become available. Mr. Gore has made the recent purchase outlined in
Item 3 both to reduce his per share investment in the issuer, as
well as to facilitate such financing. Mr. Gore does not intend to
obtain control of the issuer, but may purchase additional shares
both to protect his current investment and assist the issuer in
obtaining additional investment.
<PAGE>
CUSIP NO. 452908106 PAGE 4 OF 4
ITEM 5. Interest in Securities of the Issuer
------------------------------------
a. shares beneficially owned
Arthur J. Gore - 1,655,000 shares (includes 600,000 shares
subject to right to acquire) 11.15%
b. Arthur J. Gore
Sole Voting Power 1,655,000
Shared Voting Power --
Sole Dispositive Power 1,655,000
Shared Dispositive Power --
c. Incorporate by reference responses to Items 3 and 4 above.
d. N/A
e. N/A
ITEM 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
-------------------------------------------------------------
N/A
ITEM 7. Material to Be Filed as Exhibits
--------------------------------
N/A
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.
8/23/96 /s/ Arthur J. Gore
- -------------------- -------------------------
Date Arthur J. Gore
