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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 21, 1995
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GARNET RESOURCES CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-16621 74-2421851
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
333 Clay Street
Suite 4500
Houston, Texas 77002
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 759-1692
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Page 1 of 2 Pages
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Item 5. Other Events
Reference is made to the press release dated June 22, 1995, a copy of
which is attached hereto.
Item 7. Financial Statements and Exhibits
(c) Exhibits:
Exhibit
Number Description
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99.1 Press Release dated 6/22/95
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.
GARNET RESOURCES CORPORATION
/s/ W. Kirk Bosche'
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W. Kirk Bosche'
Vice President
Dated: June 30, 1995
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release dated 6/22/95
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Exhibit 99.1
GARNET RESOURCES CORPORATION
333 CLAY STREET, SUITE 4500
HOUSTON, TEXAS 77002
FOR IMMEDIATE RELEASE: CONTACT:
Montague H. Hackett, Chairman
June 22, 1995 (212) 371-1400 or
Douglas W. Fry, President,
Argosy Energy Incorporated
(801) 363-2220
GARNET ANNOUNCES ANNUAL MEETING RESULTS
AND MANAGEMENT CHANGES
Houston, Texas -- June 22, 1995 -- Garent Resources Corporation
(Nasdaq: GARN) reported that all of its current directors were reelected at its
annual shareholders' meeting, and that the shareholders also approved a
300,000-share increase in shares authorized for issuance under an employee
stock option plan.
The Company also stated that George M. Nevers has resigned as
President, Chief Executive Officer and a Director. During a transition period,
the Company's management, led by Douglas W. Fry, President of its Colombian
subsidiary, will report to a three-member Executive Committee of the Board of
Directors.
The Company indicated that it expects to focus its efforts increasingly
on exploration and production opportunities in Colombia, and stated that John
H. Moreland recently joined its Colombian subsidiary as Exploration Manager.
Mr. Moreland was formerly with LASMO, most recently as Exploration Manager of
LASMO Nova Scotia. He also served as Chief Geologist of LASMO Colombia, and has
more than 20 years of exploration experience in Colombia, Canada, Indonesia
and other areas of the world.
Garnet is engaged primarily in international oil and gas exploration
activities. Its exploration and production operations in Colombia are conducted
through its subsidiary Argosy Energy International.
