1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CONFORMED COPY
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) December 8, 1998
POLYMER SOLUTIONS, INC.
- -------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Nevada. U.S.A 0-18583 88-0360526
- --------------------------------------------------------------------------------------------------------------------
(State or other jurisdiction of incorporation) (Commission file number) (IRS Employer Identification No.)
1569 Dempsey Road, North Vancouver, British Columbia, CANADA V7K 1S8
- --------------------------------------------------------------------------------
(Address of Principal Executive Office) (Postal Code)
Registrant's telephone number, including area code (604) 683-3473
#410 - 1055 West Hastings Street, Vancouver, British Columbia Canada V6E 2E9
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
2
ITEM 5. REGISTRANT REPORT OF ANY OTHER EVENT WHICH IT DEEMS OF IMPORTANCE TO ITS
SECURITY HOLDERS.
On December 3, 1998 the Company completed Shares for Debt with the following
Creditors. Pursuant to a debt settlement agreement, the creditors agreed to
settle the outstanding debt of Cdn$443,718 at a price of Cdn$0.70 per share for
an aggregate of 633,883 Common Shares issued of the Company.
- -----------------------------------------------------------------------------------------------------------
NUMBER AND
TYPE OF PURCHASE
SECURITIES TO PRICE PER
NAME OF PLACEE ADDRESS BE PURCHASED SECURITY
- -----------------------------------------------------------------------------------------------------------
Edward C. Andercheck C101 - 2900 Bristol Street 37,882 shares of $0.70 Cdn
Costa Mesa, CA common stock
92626
- -----------------------------------------------------------------------------------------------------------
Gordann Consultants Ltd. 1569 Dempsey Road, 50,000 shares of $0.70 Cdn
North Vancouver, B.C. common stock
V7K 1S8
- -----------------------------------------------------------------------------------------------------------
ABE Industries (1980) Inc. 1569 Dempsey Road, 142,857 shares of $0.70 Cdn
North Vancouver, B.C. common stock
V7K 1S8
- -----------------------------------------------------------------------------------------------------------
E. Laughlin Flanagan 4478 Garden Brook Drive 141,958 shares of $0.70 Cdn
Chico, CA common stock
95973
- -----------------------------------------------------------------------------------------------------------
Vaughan & Co. Executive Search Inc. 9 Executive Circle, Suite 240 85,310 shares of $0.70 Cdn
Irvine, CA common stock
92614
- -----------------------------------------------------------------------------------------------------------
F. Joe Bosler and Fay E. Bosler 32 Rue Fontainebleau 142,899 shares of $0.70 Cdn
(as community property Newport Beach, CA common stock
92660
- -----------------------------------------------------------------------------------------------------------
Michael V. Tolbert 1586 Ponderosa 32,977 shares of $0.70 Cdn
Costa Mesa, CA common stock
92626
- -----------------------------------------------------------------------------------------------------------
633,883 shares of
TOTAL SHARES common stock
- -----------------------------------------------------------------------------------------------------------
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.
POLYMER SOLUTIONS, INC.
Date December 8, 1998 /S/ Gordon L. Ellis
--------------------------- -----------------------------------------
Gordon L. Ellis
Chairman