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) OCTOBER 6, 1998
CAPITAL RESERVE CORPORATION
(Exact name of registrant as specified in its charter)
COLORADO 0-17232 84-0888594
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
#11-1861 BEACH AVENUE, VANCOUVER, BRITISH COLUMBIA V6G 1Z1 CANADA
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (604) 687-4828
6732 WEST COAL MINE AVENUE, #504, LITTLETON, COLORADO 80128
(Former name or former address, if changed since last report)
Exhibit index on consecutive page 2 Consecutive page 1 of 3
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
On October 6, 1998, Ralph W. Newton, Jr. and Patricia L. Newton entered
into an agreement to sell their shares of Class B Preferred Stock. Mr.
and Mrs. Newton collectively own a majority of the outstanding shares
of Class B Preferred Stock and as a class, the holders of Class B
Preferred Stock have the right to elect a majority of the directors.
The transaction is to close prior to December 31, 1998.
In connection with the agreement to sell his shares, Mr. Newton and
Linda M. Opfer resigned as officers and directors of the registrant. On
October 6, 1998, Glen C. Loder was appointed as the President,
Treasurer and a director, and Sharon M. Patmore was appointed as the
Secretary and a director of the registrant.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not applicable
ITEM 5. OTHER EVENTS
In connection with the appointment of new officers and directors, the
registrant has moved its offices to #11-1861 Beach Avenue, Vancouver,
British Columbia V6G 1Z1, Canada.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired: Not applicable
(b) Pro forma financial information: Not applicable
(c) Exhibits: None
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable
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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 hereunto duly authorized.
CAPITAL RESERVE CORPORATION
October 9, 1998 By: /S/ GLEN C. LODER
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Glen C. Loder
President
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