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
Date of Report (Date of earliest reported)February 8, 2002
FACT CORPORATION
(Exact name of registrant as specified in its charter)
Colorado000-17232 84-0888594
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number No.)
1530 9th Avenue S.E., Calgary, Alberta T2G 0T7
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (403) 204-0260
CAPITAL RESERVE CORPORATION
(Former name or former address, if changed since last report)
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 Registrants' Certifying Amendments
Not Applicable
ITEM 5.Other Event and Regulation FD Disclosure
On February 8, 2002, Capital Reserve Corporation changed its name to FACT Corporation (the "Corporation"). This name change was made so that the Corporation would be more closely identified with its wholly-owned subsidiary Food and Culinary Technology Group Inc. ("FACT Group Inc."), which it acquired on November 19, 2001. The Corporation has also applied for a change of trading symbol from current symbol, CRCWA. Starting Wednesday February 27, 2002, the Corporation will be quoted on the Over the Counter/Bulletin Board under its new symbol, FCTTA. The Corporation has also received a new CUSIP number as follows, 303039 10 1.
FACT Group Inc. owns the exclusive license to use certain formulas for the production of functional food products. Functional foods, with the added benefit of "nutraceuticals", are designed to promote healthy life style and/ or comply with dietary needs. FACT will utilize a functional dough system as the foundation for bread, pasta, pizza crust, sweet baked goods, pancakes, waffles, pretzels and any other food derived from dough.
DISCLAIMER
Forward-Looking Statements: This report contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Westsphere Asset Corporation Inc. does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.
ITEM 6.Resignation of Registrants' Directors
Not Applicable
ITEM 7.Financial Statements and Exhibits
Not Applicable
ITEM 8.Change in Fiscal Year
Not Applicable
ITEM 9.Regulation FD Disclosure
Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DATE:February 23, 2002
FACT CORPORTION By:/s/ JACQUELINE DANFORTH Name: Jacqueline Danforth Title: President | |
