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<TITLE>Palal Mining Corporation Form 8-K</TITLE>
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<P>=============================================================================</P>

<P align=center>&#9;<B>SECURITIES AND EXCHANGE COMMISSION<br>
&#9;Washington, D.C.  20549</P>

<P ALIGN="CENTER">FORM 8-K</P>

<P ALIGN="CENTER">CURRENT REPORT</P>
</B>

<B><P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</P>
</B>
<P ALIGN="CENTER">Date of Report<br>
<B>February 22, 2002</P>
</B>
<B><P ALIGN="CENTER">PALAL MINING CORPORATION <br>
</B>(Exact name of registrant as specified in its charter)</P>

<B><P ALIGN="CENTER">Nevada<br>
</B>(State or other jurisdiction of incorporation)</P>

</FONT>
<p align=justify><center><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="51%" VALIGN="TOP">
<B><P align=center>000-33193<br>
</B>(Commission File No.)</FONT></TD>
<TD WIDTH="49%" VALIGN="TOP">
<B><P align=center>88-0435904<br>
</B>(IRS Employer ID)</FONT></TD>
</TR>
</TABLE>

<B><P ALIGN="CENTER">1040 West Georgia Street<br>
Suite 1160<br>
Vancouver, British Columbia<br>
Canada V6E 4H1<br>
</B>(Address of principal executive offices and Zip Code)<br>

<B><P ALIGN="CENTER">(604) 605- 0885<br>
</B>(Registrant's telephone number, including area code)</P>

<P>=============================================================================</P>
<page>
<hr>

<B><P align=justify>ITEM 1.&#9;CHANGE IN CONTROL OF THE REGISTRANT</P>
</B>

<P align=justify>On February 8, 2002, Hugh Grenfal, Jr. and Sergei Stetsenko transferred  25,000,000 shares of common stock which they owned to Harry P. Gamble IV in consideration of $100,000.00.  The foregoing 25,000,000 shares of common stock constituted all of the shares owned by Messrs Grenfal and Stetsenko. After the foregoing transaction,  there were 30,299,250 shares outstanding and the following persons own 5% or more of the total outstanding shares of the Company.</P>
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<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=500>
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<P align=justify>&#9;Harry P. Gamble IV</FONT></TD>
<TD WIDTH="32%" VALIGN="TOP">
<P align=justify>82.51%</FONT></TD>
</TR>
</TABLE>

<B><P align=justify>ITEM 5.&#9;OTHER EVENTS</P>
</B>

<P align=justify>As a result of the matters described in Item 1, Hugh Grenfal, Jr. and Sergei Stetsenko  resigned as the Company's officers and directors and Harry P. Gamble IV and Paul Lemmon were appointed to the Board of Directors.  Mr. Gamble was appointed President and  Chief Executive Officer and Mr. Lemmon was appointed Secretary, Treasurer and Chief Financial Officer.</P>

<B><P align=justify>ITEM 7.&#9;FINANCIAL STATEMENTS AND EXHIBITS</P>
</B>

<B><P align=justify>Exhibits</P>
</B></FONT>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=500>
<TR><TD WIDTH="13%" VALIGN="TOP">
<P align=justify>99.2</FONT></TD>
<TD WIDTH="87%" VALIGN="TOP">
<P align=justify>Stock Purchase Agreement</FONT></TD>
</TR>
</TABLE>
<p align=center> - 2 - </p>
<page>
<hr>

<P align=center>&#9;<B>SIGNATURE</P>
</B>
<P align=justify>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.</P>

<P align=justify>DATED: February 22, 2002.</P>
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<TD WIDTH="64%" VALIGN="TOP" COLSPAN=2>
<B><P align=justify>PALAL MINING CORPORATION</B></FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">
<P align=justify>BY:</FONT></TD>
<TD WIDTH="57%" VALIGN="TOP">
<P align=justify>/s/ Harry P. Gamble </FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">
</FONT></TD>
<TD WIDTH="57%" VALIGN="TOP">
<P align=justify>Harry P. Gamble IV, President and Chief Executive Officer</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">
<br>
<P align=justify>BY:</FONT></TD>
<TD WIDTH="57%" VALIGN="TOP">
<br>
<P align=justify> /s/ Paul Lemmon</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
</FONT></TD>
<TD WIDTH="7%" VALIGN="TOP">
</FONT></TD>
<TD WIDTH="57%" VALIGN="TOP">
<P align=justify>Paul Lemmon, Chief Financial Officer </FONT></TD>
</TR>
</TABLE>

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Palal Mining Corporation Form 8-K
=============================================================================
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
February 22, 2002
PALAL MINING CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
000-33193
(Commission File No.)
88-0435904
(IRS Employer ID)
1040 West Georgia Street
Suite 1160
Vancouver, British Columbia
Canada V6E 4H1
(Address of principal executive offices and Zip Code)
(604) 605- 0885
(Registrant's telephone number, including area code)
=============================================================================
ITEM 1.	CHANGE IN CONTROL OF THE REGISTRANT
On February 8, 2002, Hugh Grenfal, Jr. and Sergei Stetsenko transferred  25,000,000 shares of common stock which they owned to Harry P. Gamble IV in consideration of $100,000.00.  The foregoing 25,000,000 shares of common stock constituted all of the shares owned by Messrs Grenfal and Stetsenko. After the foregoing transaction,  there were 30,299,250 shares outstanding and the following persons own 5% or more of the total outstanding shares of the Company.
Harry P. Gamble IV
82.51%
ITEM 5.	OTHER EVENTS
As a result of the matters described in Item 1, Hugh Grenfal, Jr. and Sergei Stetsenko  resigned as the Company's officers and directors and Harry P. Gamble IV and Paul Lemmon were appointed to the Board of Directors.  Mr. Gamble was appointed President and  Chief Executive Officer and Mr. Lemmon was appointed Secretary, Treasurer and Chief Financial Officer.
ITEM 7.	FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
99.2
Stock Purchase Agreement
- 2 -
SIGNATURE
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.
DATED: February 22, 2002.
PALAL MINING CORPORATION
BY:
/s/ Harry P. Gamble
Harry P. Gamble IV, President and Chief Executive Officer
BY:
/s/ Paul Lemmon
Paul Lemmon, Chief Financial Officer