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): June 16, 1998
MEDIZONE INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 2-93277-D 87-0412648
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
P.O. Box 742, Stinson Beach, California 94970
(Address of principal executive offices Zip Code)
Registrant's telephone number, including area code: (415) 868-0300
4505 South Wasatch Boulevard, Suite 210, Salt Lake City, Utah 84124
(Former address)
Item 5. Other Events
On June 16, 1998, the Company sold its interest in Medizone Canada
Limited ("MZNC"), an affiliate of the Company, which consisted solely of
24,319,921 shares of the Common Stock of MZNC. The shares were sold in a
private transaction to an individual for cash totaling $125,000. In
conjunction with that transaction, MZNC also adopted a reverse split of its
issued and outstanding capital stock effective June 10, 1998, on a basis of
one for 243, while retaining the authorized shares at 100,000,000 and the par
value at $0.001, with appropriate adjustments in the stated capital and
additional paid in capital accounts of MZNC. The directors of MZNC resigned
and the new board of directors appointed new officers and directors, none of
whom is affiliated with the Company. Following the sale of the shares of
MZNC, MZNC transferred and assigned its assets to the Company in consideration
of the assumption by the Company of certain liabilities, consisting only of
the inter-company obligations of MZNC. As a result of this transaction, the
Company no longer has any affiliation with MZNC. MZNC has agreed to change
its corporate name at the next meeting of its shareholders to remove the word
"Medizone" from the name.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on it is behalf by the
undersigned hereunto duly authorized.
Dated: August 6, 1998
MEDIZONE INTERNATIONAL, INC.
By: /s/ Edwin G. Marshall
----------------------------
Edwin G. Marshall,
Chief Executive Officer
