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UNITED STATES
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): August 12, 2004
Renegade Venture (NEV) Corporation
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(Exact Name of Registrant as Specified in Charter)
Nevada 000-28575 84-1108499
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(State of (Commission File (IRS Employer
Incorporation) Number) Identification No.)
6901 S. Park Ave.
Tucson, AZ 85706
(Address of principal executive offices)
(520) 294-3481
(Registrant's telephone number, including area code)
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TABLE OF CONTENTS
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Item 2. Acquisition or Disposition of Assets
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Signatures
ITEM 2. Acquisition or Disposition of Assets
On July 29, 2004, Renegade Venture (NEV) Corporation, a Nevada corporation,
("Renegade") issued a press release (the "Press Release") announcing its
completion of an acquisition of World Jet Corporation as a wholly owned
subsidiary. A copy of the Press Release is attached hereto as Exhibit 99.1 and
is incorporated into this Item 2 of this Current Report on Form 8-K as if fully
set forth herein.
On July 15, 2004, Renegade entered into a Stock Purchase Agreement with the
shareholders of World Jet Corporation, a privately held Nevada corporation. On
July 28, 2004, Renegade completed an acquisition of 100 percent of the
outstanding common stock of World Jet Corporation, currently operating in sales
and brokering of aircraft parts. Renegade acquired World Jet Corporation for
$1,550,000.00 in cash and notes and 1 million shares of restricted Renegade
common stock. The purchase price was determined to be the going concern value
of World Jet Corporation. Assets acquired include an extensive aircraft parts
inventory that has been appraised, based on orderly liquidation value, at more
than $3 million. All personnel of World Jet Corporation have been retained. The
source of the cash funds used to acquire World Jet Corporation were received by
Renegade from an equity investment by Barron Partners, LP in Renegade in
exchange for restricted common stock pursuant to a private placement under Rule
506 of Regulation D as promulgated by the SEC pursuant to Section 4(2). As a
result of the World Jet acquisition, World Jet Corporation became a wholly owned
subsidiary of Renegade. As a result of consummating the acquisition, Renegade
now has a total of 28,080,000 common shares issued and outstanding.
The common shares issued in the World Jet Corporation acquisition were not
registered under the Securities Act of 1933, as amended ("Act"), but were issued
in reliance upon the exemption from registration provided by Section 4 (2) of
the Act, on the basis that such exchange was a transaction not involving any
public offering. The certificate evidencing the shares issued in the acquisition
bear a customary form of investment legend and may not be sold, pledged,
hypothecated or otherwise transferred unless first registered under the Act or
pursuant to an exemption from such registration requirements.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) The required financial statements are anticipated to be filed within the 60
day period permitted by Item 7(b) of Form 8-K.
(b) The required pro forma financial information is anticipated to be filed
within the 60 day period permitted by Item 7(b) of Form 8-K.
(c) Exhibits. References in the Exhibits to "Buyer" refer to Renegade Venture
NEV) Corporation.
Exhibit No. Document
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2.1 Stock Purchase Agreement
99.1 Press release of Renegade, dated as of July 29, 2004 (this
press release is being furnished pursuant to tem 2 of Form 8-K).
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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.
Date: August 12, 2004
Renegade Venture (NEV) Corporation
(Registrant)
By: /s/ John Sawyer
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Name: John Sawyer
Title: President