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: November 21, 1996 Imagica Entertainment, Inc. (F/K/A Ranger International, Inc.) (Exact name of registrant as specified in its charter) Florida. 33-3790-A. 59-2762999 (State or other Commission File No.. IRS Employer Identification No. jurisdiction of incorporation or organization) 1518 SW 12th Avenue Ocala, Florida 34474 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: : 352-867-7860 Item 5. Other Events. On November 21, 1996, the Company sold two $100,000 convertible debentures (the "Debentures")to Nimbus Tres Socidead Anonima pursuant to Regulation S. The terms the Debentures provide for the conversion into common shares of the Company any time following forty (40) days following purchase at a rate equal to the lower of the (a) the closing bid price of the common stock of the Company on the date of funding by Nimbus Tres Sociedad Anonima or (b) Sixty percent (60%) of the closing bid price of the common stock of the Company for the five (5) trading days immediately preceding the date of the conversion. The purchase was made pursuant to an agreement giving Nimbus Tres Sociedad Anonima the right to purchase up to $3,000,000 of convertible debentures. Exhibit Description	Page(s) (a)(1) The following financial statements are filed as a part of this report: (1) Underwriting agreement	 None (2) Plan of acquisition, reorganization, arrangement, liquidation or succession	 None (4) Instruments defining the rights of security holders, including indentures	 None Convertible Debenture (16) Letter re change in certifying accountant	 None (17) Letter re director resignation	 None (21) Other documents or statements to security holders	 None (24) Consents of Experts and Counsel	 None (25) Power of Attorney	 None (28) Additional Exhibits	 None 	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. Imagica Entertainment, INC. Registrant) Dated: December 6, 1996 /s/ ________________________ Robert S. Wormser, President 		Corp/ECO2/8K-4-96B