-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V2ZjzMibRAfsSLaw6UjHK2esWYYKJ7tUzPiTApuq+AJR7753yJKFIpR86ewIGEbM lj0TFYH4ZWu5krWvJpCEKg== 0000930661-98-002085.txt : 19981008 0000930661-98-002085.hdr.sgml : 19981008 ACCESSION NUMBER: 0000930661-98-002085 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19981007 SROS: NONE GROUP MEMBERS: A. KEITH WEBER GROUP MEMBERS: BLAYLOCK RONALD D GROUP MEMBERS: EDWIN HUGH HAWES II GROUP MEMBERS: HAWES PARTNERS GROUP MEMBERS: I.T. FINANCIAL CORPORATION GROUP MEMBERS: INTERNATIONAL TOURS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTH AMERICAN GAMING & ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000029952 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 752571032 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46245 FILM NUMBER: 98721708 BUSINESS ADDRESS: STREET 1: 13150 COIT ROAD STREET 2: SUITE 125 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9726711133 MAIL ADDRESS: STREET 2: 13150 COIT ROAD SUITE 125 CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN NATURAL GAS CO/DE/ DATE OF NAME CHANGE: 19940324 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLAYLOCK RONALD D CENTRAL INDEX KEY: 0001017234 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5810 E SKELLY DR SUITE 1800 CITY: TULSA STATE: OK ZIP: 74135 MAIL ADDRESS: STREET 2: 5810 E SKELLY DR SUITE 1800 CITY: TULSA STATE: OK ZIP: 74135 SC 13D/A 1 SCHEDULE 13D AMENDMENT NO. 2 PAGE 1 OF 12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* NORTH AMERICAN GAMING AND ENTERTAINMENT CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 656863 10 7 - -------------------------------------------------------------------------------- (CUSIP Number) RONALD D. BLAYLOCK, 13150 COIT ROAD, SUITE 125, DALLAS, TEXAS 75240 WITH A COPY TO: MIKE PARSONS, ESQ., GLAST, PHILLIPS & MURRAY, P.C. 13355 NOEL ROAD, 2200 ONE GALLERIA TOWER, DALLAS, TEXAS 74240 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) SEPTEMBER 18, 1998 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Settlement If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of (S)(S) 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.[ ] Note: Schedules filed in paper format shall include a signed original and five copies of the Schedule. See (S) 240.13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 656863 10 7 PAGE 2 OF 12 PAGES - ---------------------- ------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON International Tours, Inc. ID #73-1320523 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Oklahoma - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Number of 17,386,960 Shares Beneficially ---------------------------------------------------------- Owned by Each 8 SHARED VOTING POWER Reporting Person With ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 17,386,960 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,386,960 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 41.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 656863 10 7 PAGE 3 OF 12 PAGES - ---------------------- ------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON I. T. Financial Corporation ID #48-0769428 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Oklahoma - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Number of 192,326 Shares Beneficially ---------------------------------------------------------- Owned by Each 8 SHARED VOTING POWER Reporting Person 17,386,960 With ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 192,326 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,386,960 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,579,286 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 656863 10 7 PAGE 4 OF 12 PAGES - ---------------------- ------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Hawes Partners ID #73-1528544 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Oklahoma - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Number of Shares Beneficially ---------------------------------------------------------- Owned by Each 8 SHARED VOTING POWER Reporting Person 17,579,286 With ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,579,286 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,579,286 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 656863 10 7 PAGE 5 OF 12 PAGES - ---------------------- ------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Edwin Hugh Hawes II ID ####-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Number of 2,334 Shares Beneficially ---------------------------------------------------------- Owned by Each 8 SHARED VOTING POWER Reporting Person 17,579,286 With ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 2,334 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,579,286 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,581,620 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 656863 10 7 PAGE 6 OF 12 PAGES - ---------------------- ------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON A. Keith Weber ID ####-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Number of 93,729 Shares Beneficially ---------------------------------------------------------- Owned by Each 8 SHARED VOTING POWER Reporting Person 17,579,286 With ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 93,729 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,579,286 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,673,015 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- SCHEDULE 13D CUSIP No. 656863 10 7 PAGE 7 OF 12 PAGES - ---------------------- ------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ronald D. Blaylock ID ####-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Number of 5,834 Shares Beneficially ---------------------------------------------------------- Owned by Each 8 SHARED VOTING POWER Reporting Person 17,579,286 With ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 5,834 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,579,286 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,585,120 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- Page 8 of 12 ITEM 1. SECURITY AND ISSUER. Common stock, par value $.01 per share (the "Common Stock"), of North American Gaming and Entertainment Corporation (the "Issuer"), 13150 Coit Road, Suite 125, Dallas, Texas 75240. ITEM 2. IDENTIFY AND BACKGROUND. (a) No change. (b) The principal business address of the entities, and the residence address of the natural persons, listed in (a), above, are as follows: (i) No change. (ii) No change. (iii) No change. (iv) No change. (v) No change. (vi) No change. (c) No change. (d) No change. (e) No change. (f) No change. ITEM 3. SOURCE AND AMOUNT OF FUNDS, OR OTHER CONSIDERATION. Effective September 18, 1998, International Tours converted the remaining 3,096,000 shares of Series B Preferred Stock into 3,096,000 shares of Common Stock and 5,452,854 shares of Common Stock were issued to International Tours by the Issuer pursuant to a contractual anti-dilution right held by International Tours which was triggered upon the conversion by the Issuer of 1,287,000 shares of Class A Preferred Stock of the Issuer into 8,240,000 shares of Common Stock. Page 9 of 12 ITEM 4. PURPOSE OF TRANSACTION. No change, except the Issuer may sell the assets of GalaxSea and/or IT Cruise pursuant to a transaction under negotiations with Points North Digital Technologies, Inc., although there can be no assurance. ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER. (a) International Tours owns of record and beneficially the 17,386,960 shares of Common Stock issued by the Issuer in connection with the Acquisition and in connection with the conversion of Class A Preferred Stock. ITFC beneficially owns approximately 49.38% of the outstanding shares of International Tours and Partners beneficially owns approximately 48.14% of the outstanding shares of International Tours. Moreover, Partners beneficially owns approximately 65% of the outstanding shares of ITFC. Each of Hawes, Weber and Blaylock own one-third of Partners. Consequently, the 17,386,960 shares of Common Stock owned of record and beneficially by International Tours may also be deemed to be beneficially owned by each of ITFC, Partners, Hawes, Weber and Blaylock. In addition to the 17,386,960 shares of Common Stock owned of record by International Tours and which may be deemed to be beneficially owned by ITFC, ITFC owns of record and beneficially 192,326 shares of Common Stock, resulting in total beneficial ownership of 17,579,286 shares of the Issuer. These shares may be deemed to be beneficially owned by each of Partners, Hawes, Weber and Blaylock. Partners does not directly own any shares of the Issuer. In addition to the 17,579,286 shares of Common Stock which may be deemed to be beneficially owned by Hawes through his one-third partner interest in Partners, Hawes owns of record and beneficially 2,334 shares of Common Stock. In addition to the 17,579,286 shares of Common Stock which may be deemed to be beneficially owned by Weber through his one-third partner interest in Partners, Weber owns of record and beneficially 93,729 shares of Common Stock. In addition to the 17,579,286 shares of Common Stock which may be deemed to be beneficially owned by Blaylock through his one-third partner interest in Partners, Blaylock owns of record and beneficially 5,834 shares of Common Stock. (b) No change. (c) There have been no transactions by the reporting persons in the Common Stock or Series B Preferred Stock during the past 60 days except for the conversion by International Tours of 3,096,000 shares of Series B Preferred Stock into 3,096,000 shares of Common Stock effective Page 10 of 12 September 18, 1998, and the issuance by the Issuer of 5,452,854 shares of Common Stock effective September 18, 1998 to International Tours under its anti- dilution agreement upon conversion by the Issuer of 1,287,000 shares of Class A Preferred Stock into 8,240,000 shares of Common Stock. (d) No change. (e) No change. ITEM 6. CONTRACTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. No change. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 - Joint Filing Agreement among the filing persons. Page 11 of 12 SIGNATURES ---------- After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: September 28, 1998 INTERNATIONAL TOURS, INC. By: /s/ Ronald D. Blaylock --------------------------------------- Ronald D. Blaylock, President Dated: September 28, 1998 IT FINANCIAL CORPORATION By: /s/ Ronald D. Blaylock --------------------------------------- Ronald D. Blaylock, President Dated: September 28, 1998 HAWES PARTNERS By: /s/ Ronald D. Blaylock --------------------------------------- Ronald D. Blaylock, General Partner By: /s/ Edwin Hugh Hawes, II --------------------------------------- Edwin Hugh Hawes, II, General Partner By: /s/ A. Keith Weber --------------------------------------- A. Keith Weber, General Partner Dated: September 28, 1998 /s/ Edwin Hugh Hawes, II -------------------------------------------- EDWIN HUGH HAWES, II, Individually Dated: September 28, 1998 /s/ A. Keith Weber -------------------------------------------- A. KEITH WEBER, Individually Dated: September 28, 1998 /s/ Ronald D. Blaylock -------------------------------------------- RONALD D. BLAYLOCK, Individually EX-1 2 JOINT FILING AGREEMENT Page 12 of 12 EXHIBIT 1 JOINT FILING AGREEMENT Pursuant to Rule 13d-1(k), the undersigned hereby execute this Joint Filing Agreement with respect to filing of a Schedule 13D (Amendment No. 2) with respect to North American Gaming and Entertainment Corporation, and declare that such statement is filed on behalf of each of the undersigned. Dated: September 28, 1998 INTERNATIONAL TOURS, INC. By: /s/ Ronald D. Blaylock ---------------------------------------- Ronald D. Blaylock, President Dated: September 28, 1998 IT FINANCIAL CORPORATION By: /s/ Ronald D. Blaylock ---------------------------------------- Ronald D. Blaylock, President Dated: September 28, 1998 HAWES PARTNERS By: /s/ Ronald D. Blaylock ---------------------------------------- Ronald D. Blaylock, General Partner By: /s/ Edwin Hugh Hawes, II ---------------------------------------- Edwin Hugh Hawes, II, General Partner By: /s/ A. Keith Weber ---------------------------------------- A. Keith Weber, General Partner Dated: September 28, 1998 /s/ Edwin Hugh Hawes, II -------------------------------------------- EDWIN HUGH HAWES, II, Individually Dated: September 29, 1998 /s/ A. Keith Weber -------------------------------------------- A. KEITH WEBER, Individually Dated: September 29, 1998 /s/ Ronald D. Blaylock -------------------------------------------- RONALD D. BLAYLOCK, Individually -----END PRIVACY-ENHANCED MESSAGE-----