8-K: Current report
Published on January 8, 2002
UNITED STATES
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 Event Requiring Report: January 4, 2002
DELTA CAPITAL TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified on its Charter)
000-27407 98-0187705
---------------------------- ------------------------------------
(Commission File Number) (IRS Employer Identification Number)
DELAWARE
(State or Other Jurisdiction of Incorporation or Organization)
Suite B201, 1331 Homer Street
Vancouver, BC V6B 5M5 Canada
(Address of Principal Executive Offices)
(604) 644-4979
(Registrant's Telephone Number, Including Area Code)
ITEM 5. OTHER EVENTS
On December 20, 2001, the board of directors of Delta Capital Technologies, Inc.
(the "Company" unanimously agreed that it was in the best interests of the
Company's shareholders to pursue new business opportunities. The board of
directors further agreed that the Company did not have sufficient capital or a
share capital structure that would facilitate prospective business
opportunities. Therefore, the board of directors agreed to consolidate the
Company's share capital as a first step in making the Company more attractive to
potential businesses.
The board of directors then agreed to consolidate the Company's capital
structure on a one hundred (100) to one (1) basis reducing the Company issued
and outstanding shares as of December 20, 2001 from sixty nine million three
hundred thousand six hundred and seventy two (69,300,672) to six hundred and
ninety three thousand and seven (693,007). The effect of the capital structure
consolidation was to reduce the seventy five million (75,000,000) shares of
authorized capital to seven hundred and fifty thousand (750,000) in authorized
capital.
The board of directors, in reliance on shareholder action, then amended the
Company's articles of incorporation to reflect an increase in the authorized
share capital from seven hundred and fifty thousand (750,000) common shares to
twenty five million (25,000,000) common shares.
The consolidation of the Company's capital stock and the increase in the
authorized common stock was effected on January 4, 2002. The Company's new
symbol on the OTC Bulletin Board is DCTN.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed by the undersigned hereto
duly authorized.
Dated January 4, 2002.
Delta Capital Technologies, Inc.
By: /s/ Judith Miller
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Judith Miller, president and corporate secretary