SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
---------------------------
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of Earliest Event Reported): July 1, 2005
NOVA NATURAL RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 0-15078 84-1227328
(State or other jurisdiction (Commission (I.R.S. Employer
Of incorporation) File No.) Identification No.)
1021 Creekford Drive Weston, Florida, 33326
(Address of principal executive offices) (Zip Code)
(954)849-9507
(Registrant's telephone number, including area code)
ITEM 5.01. Change in Control
Nova Rescinds Agreement to Purchase the Assets of Two Gas Stations Located in
China for Implementation of Its LPG Conversion Technology
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 1, 2005--Nova Natural
Resources Corporation (Pink Sheets:NVNJ) announced today that the
Corporation had rescinded the agreement entered into on June 17, 2004
to purchase the assets of two Gas Stations located in Anyang City,
Henan Province, China. The agreement entered into with Great Frame
International Enterprise Limited, a Hong Kong Company, provided that
Great Frame would provide written evidence that the agreement was in
compliance with Chinese Laws and procedures and that the assets
described in the agreement were not encumbered in any manner. Failing
to comply with this requirement the company cancelled the agreement.
Additionally, Mr. Chris Tse accepted the resignation of Wang Li
and Yin Yanbo as directors of the company and will serve as sole
officer and director of the company until such time as replacement can
be selected.
Mr. Chris Tse, President and CEO, stated he "was disappointed but
the company could not accept the risk and was working on several other
opportunities for the company."
This press release contains forward-looking statements identified
by words such as "believe," "expect," "anticipates" and similar
expressions. Actual results might differ materially from those
projected in, expressed in or implied by the forward-looking
statements. Nova cautions investors not to place undue reliance on
forward-looking statements, which speak only as to management's
expectations on this date.
Some paragraphs of this press release, particularly those
describing Nova's strategies, operating expenses reductions and
business plans, contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1993, as amended and
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. While Nova is working to achieve
those goals, actual results could differ materially from those
projected in the forward-looking statements as a result of a number of
factors, including difficulties in marketing its products and
services, need for capital, competition from other companies and other
actions, any of which could have an adverse effect on the business
plans of Nova, its reputation in the industry or its expected
financial return from operations. Factors such as these could have an
adverse effect on Nova's results of operations. In light of
significant uncertainties not included in the forward-looking
statements herein, the inclusion of such information should not be
regarded as a representation by Nova that it will be achieved.
CONTACT: Nova Natural Resources Corporation, Fort Lauderdale
Wayne Doss, 954/849-9507, Fax 954/349-2899
wayne@compusource.net
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, The
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NOVA NATURAL RESOURCES CORPORATION
By: /s/ Chris Tse
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Chris Tse, President
Date: July 1, 2005