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) May 14, 2003
AMANASU ENVIRONMENT CORPORATION
(Exact Name of Registrant as Specified in its Charter)
NEVADA 0-32905 98 - 0347883
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(State or other (Commission file (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
701 FIFTH AVENUE, 36TH FLOOR, SEATTLE, WA 98109
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(Address of principal executive offices)
206-262-8188
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address if changed since last report)
1
Item 5. Other Events and Regulation FD Disclosure
On May 14th, 2003, Amanasu Environment Corporation ("the Company") entered into
an agreement with Jipangu Inc. ("Jipangu) to purchase 10,000,000 of its shares
for 580,000,000 Japanese Yen, approximately $4,993,000 as of May 14th, 2003.
Payment of the shares will be made as follows:
- - 20% of the purchase price (in Japanese Yen) to be paid on or before May
31, 2003
- - Remaining balance (in Japanese Yen) to be paid on or before June 25, 2003
As security for payment of the remaining balance, Amanasu Corporation (a major
share holder of the Company) will transfer 500,000 shares of the Company to
Jipangu to be held in escrow. When Jipangu has received the remaining balance,
the 500,000 shares will be returned immediately to Amanasu Corporation.
Item 6. Financial Statements and Exhibits
(a) Financial statements of businesses acquired
None
(b) Pro forma financial information
None
(c) Exhibits
99.1 Stock Purchase Agreement
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.
Amanasu Environment Corporation
By:/s/Atsushi Maki
Atsushi Maki, President and CEO