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: January 12, 1999
KIMBELL deCAR CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 33-7075-LA 33-0179781
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1820 Sharpless Drive, La Habra Heights, CA 90631
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: None
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant
On December 8, 1998, H. Daniel Boone entered into a Share
Purchase Agreement with Virgil Kimbell, President, in which
Mr. Boone agreed to acquire 60,000,000 shares of common stock
of registrant from Mr. Kimbell. Such shares being purchased
represent 85.7% of the outstanding capital stock of the
Company. Mr. Boone contemplates restructuring the Company with
a one for 200 reverse split and seeking a merger or
acquisition for the Company.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Accountants
None.
Item 5. Other Events
On December 9, 1998, Virgil K. Kimbell was issued 40,000,000
common shares in consideration for cash advances to the
Company totalling $26,861 and a waiver of any other
compensation claims against Kimbell de Car Corporation which
totalled $112,000 and settlement of outstanding debt totalling
$377,843 owed to non-affiliates.
On December 9, 1998, two new directors were appointed to the
Board to serve until the next annual meeting of shareholders.
The directors appointed, together with their recent business
experience, are Wesley F. Whiting, age 64 and Redgie Green.
Mr. Whiting has been president, director, and secretary of
Berge Exploration, Inc.(1978-88)and president, vice president,
and director of NELX, Inc.(1994-1997), and was vice president
and director of Intermountain Methane Corporation (1988-91),
and president of Westwind Production, Inc.(1997-1998).
Redgie Green, age 45. Mr. Green has been co-owner and operator
of Green's B&R Enterprises, a wholesale donut baker, since
1983. He has been an active investor in small capital and high
tech ventures since 1987.
Wesley F. Whiting was appointed secretary of the Company.
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The Company entered into an agreement to issue 150,000 shares
(post reverse split) of common stock to be registered on form
S-8 upon completion of an acquisition and listing of the
Company for trading on the OTC Bulletin Board.
Item 6. Resignation of Directors
Not Applicable.
Item 7. Financial Statements Pro Forma Financial & Exhibits
Not Applicable.
Exhibits
None
Signatures
Pursuant to the requirements 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.
Date: _____________________ KIMBELL deCAR CORPORATION
/s/ Virgil K. Kimbell
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By: Virgil K. Kimbell
President
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