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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
June 20, 2000
Date of Report (Date of earliest event reported)
eVentures Group, Inc.
(Exact name of Registrant as Specified in Charter)
Delaware 0-28579 75-2233445
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
300 Crescent Court, Suite 800
Dallas, Texas 75201
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(Address of Principal
Executive Offices)
214-777-4100
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(Registrant's telephone number
including area code)
(Not Applicable)
(Former Name or Former Address,
if Changed Since Last Report)
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Item 5. Other Events
On June 20, 2000 we entered into (i) an Amended and Restated IRU Agreement
with Qwest Communications Corporation ("Qwest"), (ii) a Payment Letter with
Qwest and (iii) a Common Stock Subscription Agreement and related Registration
Rights Agreement with an affiliate of Qwest. The cumulative effect of these
agreements was a resolution of our previously disclosed dispute with Qwest
regarding an IRU purchased by us from Qwest on September 30, 1999. We paid Qwest
$7,500,000 of cash and issued to Qwest 421,462 shares of our common stock valued
at $7,500,000. We also issued 95,871 shares of our common stock to Qwest as a
prepayment of certain ongoing charges under the IRU agreement.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements
None.
(b) Pro Forma Financial Information
None.
(c) Exhibits
99.1 Press Release dated June 26, 2000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: June 26, 2000 eVentures Group, Inc.
By:/s/Stuart Chasanoff
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Name: Stuart Chasanoff
Title: Senior Vice President, Corporate
Development and Legal Affairs
Index to Exhibits
99.1 Press Release, dated June 26, 2000.