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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) May 13, 1999
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 II, Suite 100,
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.
The Registrant has signed a revised agreement with Gilt Guaranty
Trust, Ltd., of London, England for a private placement of
not less than $50million US of the Registrant's securities, with a
combination of common stock and convertible bonds at a face value to
be determined. The Registrant anticipates the completion of this
private placement in the second quarter of this fiscal year.
The proceeds from this private placement are anticipated to be
utilized in part to finance the buildout of a wireless, digital
broadband network in Malaysia by the Registrant's subsidiary, Perwimas
Telecommunications, and in part to finance the future acquisition of
telecommunication and information technologies companies synergistic
to the operations of the Registrant. Although the Registant has under
consideration several situations, there are no definitive agreements
for future acquisitions at this point.
Safe Harbor Statement
Investors should carefully consider the preceding information, as well
as other information contained herein before making an investment in
the common stock of the Registrant. Information contained in herein
contains "forward-looking statements" which can be identified by the
use of forward-looking terminology such as "believes," "may,"
"should," or "anticipates," or the negative thereof or given that the
future results covered by such forward-looking statements will be
achieved. The preceding matters constitute cautionary statements
identifying important factors with respect to such forward-looking
statements, including certain risks and uncertainties that could cause
actual results to vary materially from the future results covered in
such forward- looking statements. Other factors could also cause
actual results to vary materially from the future results covered in
such forward-looking statements.
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
Not Applicable
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: May 13, 1999 By: /s/ Patrick Soon-Hock Lim
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President
