UNITED STATES
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
Date of Report (Date of earliest event reported): July 24, 2000
EXPLORE TECHNOLOGIES INC.
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(Exact name of registrant as specified in its charter)
Nevada 88-0419476
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
Suite 201-1166 Alberni Street V6E 3Z3
Vancouver British Columbia
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number,including area code: 604-681-2274
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Suite 505 - 1155 Robson Street
Vancouver, British Columbia, Canada V6E 1B5
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(Former name, former address and former fiscal year, if changed since last report)
Item 1. CHANGES IN CONTROL OF REGISTRANT
None
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
The merger agreement entered into between the Company and Cashsurfers on May 23,
2000 for the acquisition of an Internet based technology business known as
"Cashsurfers" (the "Cashsurfers Business") collapsed on July 24, 2000. The
Company was unable to raise sufficient capital required under the merger
agreement and was unable to make payment to Cashsurfers under the terms of the
agreement.
Item 3. BANKRUPTCY OR RECEIVERSHIP
None
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None
Item 5. OTHER EVENTS
1. The Company on May 30, 2000 authorized raising $370,000 under a Convertible
Debenture. The terms of the Debenture were for repayment of the loan by
August 1, 2000, failing which the lender had the option to exercise the
Debenture at the average trading price for the five (5) days prior to the
exercise date.
Item 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
On July 24, 2000, the following director and officer resigned his position with
the Company:
Director/Officer Position Held Date of Resignation
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Noah Mapstead Director July 24, 2000
None of the Company's directors who have resigned have delivered to the Company
any notice of any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.
The following persons make up the current Board of Directors:
Director/Officer Position Held Date of Appointment
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Charlo Barbosa Director/C.E.O./ July 24, 2000
Secretary/Treasurer
Cecil Morris Director July 24, 2000
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
The most recent financial information for the Company can be found in its Form
10Q-SB filed by the Company with the SEC for the period ending April 30, 2000.
Such information is incorporated by reference herein.
Exhibit Number Description
1 Agreement and Plan of Merger
Item 8. CHANGE IN FISCAL YEAR
None
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.
EXPLORE TECHNOLOGIES, INC.
/s/ Charlo Barbosa
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CHARLO BARBOSA, Director
Chief Executive Officer
Date: August 10, 2000