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): January 22, 2001
NATION ENERGY, INC.
(Exact name of registrant as specified in its charter)
_______________
DELAWARE 0-30193 59-2887569
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
SUITE 1100 - 609 WEST HASTINGS ST. V6B 4W4
VANCOUVER, BC CANADA (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (800) 400-3969
NATION ENERGY, INC.
Item 1. Changes in Control of Registrant.
a. On January 22, 2001 Nation Energy, Inc. ("Registrant")
entered into a Stock Purchase Agreement ("Agreement") with
Sextan Capital, Inc., a wholly owned subsidiary of Cubix
Investments Inc. ("Sextan") and other various investors
pursuant to which said investors purchased 3,850,000 shares of
the common stock of Registrant for a total aggregate price of
$3,850,000. As a result of the agreement Sextan purchased
3,000,000 shares of the common stock of Registrant. Sextan
paid cash, in the amount of $3,000,000 from its working
capital.
Subsequent to signing of the Agreement, Registrant will have a
total of 11,020,000 issued and outstanding common shares of
which 3,000,000 shares will be owned by Sextan. As a result of
the transaction, Sextan is the beneficial owner, directly or
indirectly, of approximately 27% of the common stock of
Registrant.
b. The Registrant is unaware of any agreements, including any
pledge by any person of securities of the Registrant, the
operation of which may at a subsequent date result in a change
of control of the Registrant.
Item 7. Financial Statements and Exhibits.
a. Financial Statements.
None.
b. Pro Forma Financial Statements.
None.
C. Exhibits.
None.
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.
Nation Energy, INC.
Date: January 22, 2001
By: Donald Sharpe
/s/ Donald Sharpe
President
