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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 11, 1998
PANTHER MOUNTAIN WATER PARK, INC.
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(Exact name of registrant as specified in its charter)
Delaware 33-14842 22-2808173
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
Frontier Town, North Hudson, New York 12855
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(Address of principal executive offices) (Zip code)
N/A
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(Former name or former address, if changed since last report)
Registrant's telephone number, including area code: (518) 532-7181
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Item 5. Other Events
On May 6, 1998, Frontier Town-Missouri, Inc. (formerly Panther Mountain
Missouri, Inc.), a Missouri corporation and a wholly-owned subsidiary of the
Registrant ("FTMO"), received a special use permit from the board of zoning
appeals of Stone County, Missouri with respect to approximately 249 acres of
land in Stone County, Missouri in the vicinity of Branson, Missouri, permitting
FTMO to develop such land for commercial purposes.
Until January 11, 1998, the Registrant and FTMO were parties to an
agreement dated January 10, 1997 with Venture Resources L.L.C. ("VR"), a limited
liability company organized under the laws of the State of New York, pursuant to
which, among other things, VR was to contribute $10,000,000 to FTMO. In
connection with such agreement and prior to its termination, VR had acquired
approximately 600 acres in Stone County, Missouri adjacent to the approximately
249 acres owned by FTMO and put the title to such additional 600 acres in the
name of FTMO. On January 10, 1998, the Registrant and FTMO terminated the
agreement with VR due to VR's failure to make the required $10,000,000 capital
contribution to FTMO. The Registrant and FTMO are in the process of unwinding
the transactions between them and VR and intend that FTMO will retain the
approximately 600 acres in Stone County, Missouri acquired through VR. The
Registrant and FTMO are currently pursuing other avenues of financing.
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SIGNATURE
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 hereunto duly authorized.
Dated: May 13, 1998 PANTHER MOUNTAIN WATER PARK, INC.
/s/ Kenneth P. DelaFrange
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Kenneth P. DelaFrange, President
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