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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
Date of Report (Date of earliest event reported) FEBRUARY 9, 1998
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KALAN GOLD CORPORATION
(Exact name of Registrant as specified in its charter)
COLORADO 0-25658 84-1357927
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
Tower I, Suite 340,
12835 E. Arapahoe Road
ENGLEWOOD, COLORADO 80112
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(Address of principal executive offices and Zip Code)
(303) 706-1606
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(Registrant's telephone number including area code)
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
Item 1. CHANGES IN CONTROL OF REGISTRANT.
Not Applicable
Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not Applicable
Item 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Not Applicable
Item 5. OTHER EVENTS
The Registrant has entered into an exclusive agreement with ASIAN GOLD
INDUSTRIES, INC. (Asian Gold), whereby Registrant will provide to Asian Gold all
technical advice regarding the building, constructing, and operation of Asian
Gold's gold milling, smelting, and refining facilities in the Province of Lanao
Del Norte, Mindanao, the Philippines. Under this agreement, Registrant will also
manage and oversee the day-to-day operations of these facilities.
Asian Gold has an exclusive right and authority from the Province of Lanao
Del Norte, Mindanao, the Philippines, to build, construct, and operate gold
milling, smelting, and refining facilities in the Province of Lanao Del Norte,
Mindanao, the Philippines for a nine year period of time, subject to the laws of
the Philippines and the regulations of the Government of the Philippines and its
agencies.
Under its agreement with Asian Gold, the Registrant will receive as
compensation for services to be performed by it on behalf of Asian Gold, a total
of fifteen percent (15%) of all gross revenues to be received by Asian Gold from
all gold milling, smelting, and refining facilities under this agreement. Asian
Gold will also reimburse the Registrant for all out-of-pocket expenses incurred
by the Registrant on behalf of Asian Gold regarding production costs, supplies,
staff.
Mr. Sanford Altberger, the President of the Registrant is also a major
shareholder of Asian Gold.
Item 6. RESIGNATION OF REGISTRANT'S DIRECTORS.
Not Applicable
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Not Applicable
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Item 8. CHANGE IN FISCAL YEAR.
Not Applicable
Item 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
Not Applicable
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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 hereunto duly authorized.
KALAN GOLD CORPORATION
Dated: February 9, 1998 By: /s/ Sanford Altberger
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Sanford Altberger
President and Chief Executive Officer
