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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
July 15, 1998
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Date of report (Date of earliest event reported)
NEVADA MANHATTAN MINING INCORPORATED
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(Exact Name of Registrant as Specified in Its Charter)
NEVADA
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(State or Other Jurisdiction of Incorporation)
001-12867 88-0219765
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(Commission File Number) (IRS Employer Identification No.)
5038 N. PARKWAY CALABASAS, SUITE #100, CALABASAS, CA 91302
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(Address of Principal Executive Offices) (Zip Code)
(818) 591-4400
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(Issuer's Telephone Number, Including Area Code)
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Item 5. Other Events.
This report is filed solely to file with the Securities and Exchange
Commission the press release issued on July 15, 1998 announcing that the company
and certain company stockholders filed a lawsuit in the U.S. Federal District
Court in Los Angeles seeking damages, among other things, for an alleged
fraudulent scheme to depress the market price of the company's common stock.
Item 7. Financial Statements and Exhibits
(c)
Exhibit Number Reference
(99) Additional Exhibits
Press Release dated July 15, 1998 Exhibit 99.1
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NEVADA MANHATTAN MINING, INCORPORATED
(Registrant)
Date: July 15, 1998 BY: /s/ Jeffrey S. Kramer
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JEFFREY S. KRAMER
CHIEF FINANCIAL OFFICER
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release dated July 15, 1998
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EXHIBIT 99.1
Nevada Manhattan Mining Inc. Announces Lawsuit
Challenging Manipulation of Stock Price
CALABASAS, Calif.--(BUSINESS WIRE)--July 15, 1998--Nevada Manhattan Mining Inc.
(OTC BB:NVMH) Wednesday announced that the company and certain company
stockholders have filed a lawsuit in the U.S. Federal District Court in Los
Angeles seeking damages, among other things, for an alleged fraudulent scheme to
depress the market price of the company's common stock.
In the suit, brought by the Los Angeles law firm of Christensen, Miller, Fink,
Jacobs, Glaser, Weil & Shapiro LLP, the company and the shareholders allege that
the defendants, who are various entities holding the company's convertible
debentures and individuals controlling those entities, purchased the company's
debentures as part of all illegal scheme and conspiracy which also involved
significant manipulative short-selling of the company's common stock.
This alleged scheme of market manipulation commenced in the spring of 1997 and
artificially depressed the market price of the company's common stock, reducing
the market capitalization of the company by almost $150 million. The company
also seeks relief that it be excused from any obligation arising from the
debentures, including any obligations to issue common stock on conversions.
Nevada Manhattan Mining is a diversified, environmentally responsible, global
natural-resource company. Its mission is to continue building an international
natural-resource company by acquiring, developing and operating rich resource
assets, converting them to significant cash-flow generators, thus enhancing
shareholder value. The company may develop these assets on its own or in
conjunction with selected strategic partners.
For more information on Nevada Manhattan Mining, contact Yvonne Cambere at
818/591-4400, e-mail at [email protected] or visit Nevada
Manhattan Mining's Web site at www.nevadamanhattan.com.
