SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
<P>
---------------------
FORM 8-K
---------------------
<P>
CURRENT REPORT
<P>
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
<P>
Date of Report (Date of earliest event reported):
August 25, 2000
<P>
PANGEA PETROLEUM CORPORATION
<P>
(Exact Name of Registrant as Specified in Its Charter)
<P>
Colorado
<P>
(State or Other Jurisdiction of Incorporation)
<P>
0-29585 76-0635938
- --------- ----------
(Commission File Number) (IRS Employer Identification No.)
<P>
6666 Harwin Drive, Suite 545, Houston, Texas 77036
(Address of Principal Executive Offices) (Zip Code)
<P>
(713) 933-0374
<P>
Registrant's Telephone Number, Including Area Code)
<P>
(Former Name or Former Address,
if Changed Since Last Report)
<P>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
<P>
Pursuant to a Strategic Alliance Agreement (the "Agreement")
effective September 7, 2000, Pangea Petroleum Corporation, a
Colorado Corporation (Pangea"the "Company"), received 7.5
million common shares of Paradigm Advanced Technologies,
Inc., a Delaware Corporation ("Paradigm") and warrants for
an aggregate of 12.5 million shares of Paradigm common
stock, $0.0001 par value (the "Acquisition"). The
consideration paid to Paradigm for the shares and warrants
was (i) the issuance of warrants for a total of 12.5
million shares of Pangea common stock, $0.0001 par value;
(ii) the issuance of 500,000 Membership Units from
WorldLink USA, LLC which is owned by Pangea Services, Inc.,
a wholly owned subsidiary of the Company; and (iii) Pangea
has agreed to provide the following services for Paradigm:
<P>
1. Assisting Paradigm in developing financing
presentations and informational materials;
2. Identifying, contacting and facilitating
meetings with potential financing sources;
3. Identifying and facilitating meetings with
potential strategic partners regarding the
Paradigm business;
4. Consulting with Paradigm to develop and
implement an effective investor relations and
communications program;
5. Consulting with Paradigm to develop and
implement an effective public relations program;
and
6. Such other consulting services as Paradigm and
Pangea may from time to time agree.
<P>
The Acquisition was approved by the unanimous consent of the
Board of Directors of the Company and Paradigm on September
7, 2000.
<P>
ITEM 7. FINANCIAL STATEMENTS
<P>
No Financial Statements are filed herewith. The Registrant
shall file the required financial statements by amendment
hereto not later than 60 days after the date that this
Current Report on Form 8-K is filed.
<P>
Index to Exhibits
<P>
2.1 Strategic Alliance Agreement and Exhibits
<P>
SIGNATURES
<P>
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.
<P>
Pangea Petroleum Corp.,
a Colorado Corporation
<P>
By:/s/ Karen L. Cloud
----------------------
Karen L. Cloud
Secretary
<P>
DATED: September 20, 2000