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
December 27, 2004
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Date of Report (Date of earliest event reported)
Livestar Entertainment Group Inc.
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(Exact name of registrant as specified in its charter)
Nevada
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(State or other jurisdiction of incorporation)
000-27233 98-0204736
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(Commission File Number) (IRS Employer
Identification No.)
62 West 8th Avenue, 4th Floor, Vancouver, British Columbia, Canada V5Y 1M7
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(address of principal executive offices)
(604) 682-6541
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(Registrant's telephone number, including area code)
Item 8.01 Other Events.
On November 1, 2004, the registrant filed its Definitive Information Statement
on Form 14C announcing the action taken by a majority of the shareholders
approving in part an increase in the authorized common shares of the registrant
from 10,000,000,000 common shares to 20,000,000,000 common shares. The board of
directors of the registrant has now determined that the increase in the number
of authorized common shares is not in the best interest of the registrant.
Accordingly, the increase will not be put into effect by the officers of the
registrant despite the prior approval by the majority shareholders.
On November 3, 2004, the registrant filed a registration statement on Form S-8
registering options for the purchase of 4,500,000,000 common shares of the
registrant and 4,500,000,000 common shares underlying those options. The filing
of the Form S-8 also registered an additional 500,000,000 common shares of the
registrant. These options and shares were to be issued pursuant to the EMPLOYEE
STOCK INCENTIVE PLAN FOR THE YEAR 2004 NO. 6 and the NON-EMPLOYEE DIRECTORS AND
CONSULTANTS RETAINER STOCK PLAN FOR THE YEAR 2004 NO.3. The board of directors
of the registrant has now determined to not issued any of the options or shares
registered pursuant to the Form S-8 filed on November 3, 2004, unless a post
effective amendment is filed greatly reducing the number of options or shares
available to be issued.
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 hereunto duly authorized.
LIVESTAR ENTERTAINMENT GROUP INC.
By: /s/ Ray Hawkins
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Ray Hawkins
Date: December 27, 2004 Chief Executive Officer