UNITED STATES
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): October 12 1999
GOLDEN CHIEF RESOURCES, INC.
Kansas 0-12809 48-0846635
(State of Incorporation) (Commission File Number) (IRS Employer
ID Number)
406 Griffith Avenue Terrell, Texas 75160
(Address of principal executive offices)
(972) 524-8215
(Registrant's telephone number, including area code)
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Item 1. CHANGES IN CONTROL OF REGISTRANT.
On October 12, 1999 a special meeting of shareholders was held
in Wichita, Kansas at which the Company agreed to issue
97,500,000 common shares to Red River Properties, Inc. of
Terrell, Texas and others ("The Red River Group) in exchange
for a 10% working interest in oil and gas properties located in
the JFS Field in Dimmit County, Texas. This transaction
resulted in the Red River Group owning approximately 60% of the
outstanding common shares. In exchange for past services
rendered to the Company by Arthur Sykes, Jr. the Company
transferred the minimal assets in the Company prior to the Red
River transaction to Mr. Sykes. The Company currently has
162,515,890 shares outstanding.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS,
See Item 1 above. This property has been out of production
for the last four years but presents potential for additional
development and rework of old wells.
Item 3. BANKRUPTCY OR RECEIVERSHIP.
N/A
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
N/A
Item 5. OTHER EVENTS.
RESIGNATION OF OFFICERS AND DIRECTORS. At the October 12, 1999
special shareholders meeting in Item 1 above James W. Landrum
of Terrell, Texas, Richard M. Hewitt of Westlake, Texas, and
Michael H. McIlvain of Tulsa, Oklahoma were elected as
directors of the Company. At the same meeting Arthur Sykes,
Jr., Jereta Sykes, and Donald D. Roehrman then resigned as
officers and directors.
APPOINTMENTS TO OFFICER POSITIONS. At a Special Meeting of the
Board of Directors held immediately after the above Special
Shareholders' Meeting the Board named James W. Landrum,
Terrell, Texas, President, Michael H. McIlvain as Executive
Vice President and Treasurer, and Richard M. Hewitt as Secretary.
Item 6 RESIGNATION OF REGISTRANT'S DIRECTORS:
See Item 5.
Item 7 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(A) PRO FORMA FINANCIAL INFORMATION
None due to the fact that the acquired properties have had
no historical activity within the last four years to provide
a base for pro forma information.
(B) FINANCIAL STATEMENTS
None as explained at (A) above.
(C) EXHIBITS
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
SIGNED on this the 18th day of October, 1999.
GOLDEN CHIEF RESOURCES, INC.
By: /s/ James W. Landrum
James W. Landrum, President
