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 Report June 21, 2001
DATAMARINE INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
0-8936
(Commission File Number)
Washington 04-2454559
(State of Incorporation) (I.R.S. Employer Identification Number)
7030 220th SW, Mountlake Terrace, Washington 98043
(Address of principal executive offices)
(425)771-2182
(Registrant's telephone number, including area code)
Item 6. Other Events
Datamarine International, Inc. has signed a letter of intent to make a
private placement of 3,000,000 shares of Preferred Stock for $1.00 per share
and 6,000,000 shares of Common Stock for $0.50 per share. The funding
source is High Desert Partners LLP ("HDP"). HDP will have the right to
nominate 4 additional directors to the Company's present Board of 5 members,
and will have a majority interest in Datamarine. The transaction is
scheduled to close within 30 days and is subject to due diligence,
compliance with applicable FCC, federal and state securities laws.
SIGNATURES
----------
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 thereunto duly authorized.
Datamarine International, Inc.
(Registrant)
Date: June 21, 2001 /S/ JAN KALLSHIAN
------------- -----------------------------------
Jan Kallshian
Chief Financial Officer