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) February 1, 1996


                            GAENSEL GOLD MINES, INC.
             (Exact name of registrant as specified in its charter)

                                     Nevada
                 (State or other jurisdiction of incorporation)


               0-12825                                                84-0916272
(Commission File Number)                       (IRS Employer Identification No.)


74-900 Highway 111, Suite 121, Indian Wells, California      92210
(Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code               (619) 836-3350
                                                  

1952 South Pontiac, Denver, Colorado                                     80224
                                (Former Address)































                                Page 1 of 3 pages






Item 1.  Change in Control of Registrant.


         On February 1, 1996, the Company issued 2,000,000 shares in payment of
investment  banking fees of $100,000.  These fees related to an acquisition of a
Taiwanese  video store chain which did not close.  Investment  banking  services
were rendered in April 1995.

         The following  table lists the holders of more than 5% of the Company's
common  stock.  All  share  numbers  reflect a  1-for-100  reverse  stock  split
reflected on the stock  transfer  agent records and the public trading market on
or about February 28, 1996:

                                                            Number
                Name                                       of Shares  Percent(1)

       Dempsey K. Mork                                     2,008,000     96.5%
       President and Director


(1)      Based on 2,072,125 shares outstanding.


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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 thereunto duly authorized.

Dated:            June 25, 1996                         GAENSEL GOLD MINES, INC.


                                                    By:      /s/Dempsey K. Mork,
                                                        Name:    Dempsey K. Mork
                                                                       President

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