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 19, 2009
PANGEA PETROLEUM CORP.
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(Exact name of registrant as specified in its charter)
Colorado 0-30503 76-0635938
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(State or other jurisdiction (Commission File IRS Employer
of incorporation) Number) ID Number)
3600 Gessner, Suite 220, Houston, Texas 77063
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (281) 710-7103
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS.
On August 19, 2009 at a special meeting, the stockholders of Pangea
Petroleum Corporation (the "Company") approved all five proposed amendments to
the Company's Articles of Incorporation and a sixth proposal that calls for such
Articles of Incorporation (as amended heretofore or at the meeting) to be
restated in a single document. The principal effects of these amendments
involve the change of the Company's corporate name to "AvStar Aviation Group,
Inc." and a one-for-100 reverse stock split of the Company's common stock. One
consequence of the reverse stock split will be the conversion of all outstanding
shares of Series A Preferred Stock into shares of common stock, thereby
simplifying the Company's capitalization. Moreover, another consequence will be
the creation of additional authorized but unissued common shares for general
corporate use. Several more technical amendments will modernize the Company's
Articles of Incorporation. The Company is currently working with relevant
regulators to complete the name change and reverse stock split. Once this work
is completed, the Company will file another Current Report on Form 8-K
announcing the same.
This information is not "filed" pursuant to the Securities Exchange Act and
is not incorporated by reference into any Securities Act registration
statements. Additionally, the submission of this report on Form 8-K is not an
admission as to the materiality of any information in this report that is
required to be disclosed solely by Regulation FD. Any information in this report
supersedes inconsistent or outdated information contained in earlier Regulation
FD disclosures.
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.
PANGEA PETROLEUM CORP.
Date: August 20, 2009 /s/ Russell Ivy
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Russell Ivy,
President