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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): May 9, 1997
American Vantage Companies
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(Exact name of Registrant as specified in its charter)
Nevada 0-10061 04-2709807
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
6787 West Tropicana, Suite 200, Las Vegas, Nevada 89103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 227-9800
American Casino Enterprises, Inc.
(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On May 9, 1997, American Vantage Companies (the "Company") purchased
approximately 40 acres of undeveloped land (the "Property") in North Las Vegas,
Nevada from Sunrise Park, Inc. (the "Sellers"). The Sellers are unrelated to the
Company, and the price of the transaction was determined by arm's-length
negotiation. The total purchase price paid by the Company for the Property was
$3,500,000. The Company used working capital generated from its operations to
pay the purchase price, which was paid in cash.
The Property is designated for use as a cemetery, funeral home and
mortuary by the City of North Las Vegas. The Company plans to build a funeral
home, a crematory and one or more mausoleums on the Property. The Company also
plans to conduct excavation and landscaping projects on the Property, and to
begin operation of the cemetery, funeral home and mortuary in 1998. The Planning
Commission of the City of North Las Vegas has given the Company until April 1999
to complete development and construction at the Property. Although the Company
anticipates timely completion of such projects and receiving the necessary
approvals from the Planning Commission, there is no assurance that the Company
will be able to do so.
SIGNATURE
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.
Date: May 20, 1997 AMERICAN VANTAGE COMPANIES
By:/s/ Roy K. Keefer
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Roy K. Keefer
Chief Financial Officer
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