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): November 25, 1997
Golf Ventures, Inc.
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Exact name of registrant as specified in its charter
Utah 0-21337 87-0403864
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State or other jurisdiction Commission IRS Employer ID#
of incorporation
345 North 2450 East, Suite 125, St. George, Utah 84790
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Address and zip code of principal executive offices
801-628-8142
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Registrant's telephone number
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Item 1. Changes in Control of Registrant
See Item 2.
Item 2. Acquistion or Disposition of Assets
On November 25, 1997, the management of Golf Ventures, Inc. received the
final closing documents making effective Golf Ventures' acquisition of U.S. Golf
Communities, Inc. in a reorganization transaction which resulted in the
shareholders of U.S. Golf receiving 81% of the equity securities and voting
power of Golf Ventures. Golf Ventues created a new series of convertible
preferred stock, Series D, and exchanged approximately 7,700,000 shares of
Series D Preferred Stock for all of the outstanding stock of U.S. Golf
Communities. Inc. Each share of Series D preferred stock is convertible into
four (4) shares of common stock of Golf Ventures. In the meantime, each share of
Series D preferred stock has four (4) votes in any vote of common stockholders
of Golf Ventures.
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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.
GOLF VENTURES, INC.
/s/ Duane H. Marchant
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Duane H. Marchant, President
DATED: November 25, 1997
