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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Washington,
        D.C. 20549</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
        <div>
          <hr style="COLOR: black" align="center" noshade size="2" width="15%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 15pt; FONT-FAMILY: Times New Roman;"><strong>FORM
        8-K&#160;</strong></font></div>
      <div>
        <hr style="COLOR: black" align="center" noshade size="2" width="15%">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
        REPORT</strong></font></div>
      <div>&#160;</div>
      <div><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
        to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
        of
        Report (Date of Earliest Event Reported): November 9, 2007</font></div>
      <div>&#160;</div>
      <div><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>GREATER
        CHINA MEDIA AND ENTERTAINMENT CORP.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(formerly
        AGA Resources, Inc.)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></div>
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="40%">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact
        Name of Registrant as Specified in Charter)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Nevada</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></div>
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="30%">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(State
        or
        Other Jurisdiction of Incorporation)</font></div>
      <div>&#160;</div>
    </div>
    <div>&#160;</div>
    <div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>000-51781</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="24%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Commission
        File Number)</font></div>
      <div><br>&#160;</div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">N/A</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></strong></div>
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="30%">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(I.R.S.
        Employer Identification No.)</font></div>
      <div><br></div>
      <div>&#160;</div>
      <div><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10th
        Floor, Building A, TongYongGuoJi Center</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>No.3
        Jianguomenwai Road, Chaoyang District, Beijing</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>China
        100101</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="35%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;(Address
        of principal executive offices, including zip code)</font></div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>86-10-5921-2222</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></div>
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="30%">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Registrant's
        telephone number, including area code)</font></div>
      <div><br></div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        Current Report on Form 8-K is filed by Greater China Media and Entertainment
        Corp., a Nevada corporation (the &#8220;Registrant&#8221;), in connection with the items set
        forth below.</font></div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ITEM
        3.02&#160;&#160;UNREGISTERED SALES OF EQUITY SECURITIES.</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        May,
        2007, the Registrant commenced a $1,500,000 private offering of 3,000,000
        Units
        consisting of common stock and warrants for a purchase price of $.50 per
        Unit.&#160;&#160;Each Unit consisted of (1) one share of common stock of the
        Registrant, (2) a warrant to purchase 1 additional share of common stock
        of the
        Registrant at an exercise price $0.50 per share, if exercised within 18 months
        from the Closing Date (a &#8220;Series A Warrant&#8221;), and (3) a warrant to purchase 1
        additional share of common stock of the Registrant at an exercise price of
        $0.60
        per share, if exercised within 24 months from the Closing Date (a &#8220;Series B
        Warrant&#8221;).&#160;&#160;The Series A Warrants and the Series B Warrants have
        cashless exercise provisions for the benefit of the holders.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        offering has been closed since September 15, 2007 and investors have acquired
        an
        aggregate of 3,200,000 Units for a total purchase price of
        $1,600,000.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        proceeds from this Offering will first be used to pay for our commitments
        under
        the Joint Venture Agreements, and to pay for the required registered capital
        for
        our wholly owned subsidiary in China. Other remaining proceeds from this
        Offering will be used to implement and develop the Registrant&#8217;s business plan
        and for working capital and general corporate uses.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Registrant intended the offering to be exempt from registration under the
        Securities Act of 1933, as amended (the &#8220;Act&#8221;), pursuant to Section 4(2) and
        Regulation S thereunder.&#160;&#160;The facts which lead the Registrant to
        believe that the offering was entitled to such an exemptions were the facts
        that
        the investors were sophisticated and capable of bearing the risk of the
        investment, they were accredited, and they were all non-U.S.
        persons.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Neither
        the shares of common stock sold not the shares underlying the warrants are
        entitled to any registration rights, and the investors will rely on Rule
        144
        under the Act in order to sell the shares of common stock on the
        Over-the-Counter Bulletin Board after satisfying the current one year holding
        period of the Rule and other requirements.&#160;&#160;There were no underwriting
        discounts or commissions offered in this transaction.</font></div>
      <div><br></div>
      <div>&#160;</div>
      <div><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 13pt; FONT-FAMILY: Times New Roman;"><strong>SIGNATURES</strong></font></div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, the
        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.</font></div>
      <div><br></div>
      <div>&#160;</div>
      <div>
        <table border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td colspan="2" valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;"><strong>GREATER
                CHINA MEDIA AND ENTERTAINMENT CORP.</strong></font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="50%" style="BORDER-BOTTOM: #ffffff solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">Date:
                  November 13,
                  2007</font></div>
              </td>
              <td valign="top" width="3%" style="BORDER-BOTTOM: #ffffff solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">By:
                  </font></div>
              </td>
              <td align="left" nowrap valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">/s/&#160;Jake
                Wei</font></td>
              <td valign="top" width="12%" style="BORDER-BOTTOM: #ffffff solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">Name&#160;&#160;Jake
                Wei</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">Title&#160;&#160;Chairman</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font></td>
            </tr>

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{"company-data": {"conformed-name": "GREATER CHINA MEDIA & ENTERTAINMENT CORP. (formerly AGA Resources, Inc.)", "cik": "0001321366", "assigned-sic": "7812", "irs-number": "000000000", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51781", "film-number": "071236308"}, "business-address": {"street1": "10/F, BUILDING A, TONGYONGGUOJI CENTER", "street2": "NO. 3 JIANGUOMENWAI ROAD,", "city": "CHAOYANG DISTRICT, BEIJING", "state": "F4", "zip": "100101", "phone": "86-10-5921-2222"}, "mail-address": {"street1": "10/F, BUILDING A, TONGYONGGUOJI CENTER", "street2": "NO. 3 JIANGUOMENWAI ROAD,", "city": "CHAOYANG DISTRICT, BEIJING", "state": "F4", "zip": "100101"}, "former-company": [{"former-conformed-name": "GREATER CHINA MEDIA & ENTERTAINMENT CORP.", "date-changed": "20060821"}, {"former-conformed-name": "AGA RESOURCES, INC.", "date-changed": "20050321"}]}
file8k.htm
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 (Date of Earliest Event Reported): November 9, 2007
GREATER
        CHINA MEDIA AND ENTERTAINMENT CORP.
(formerly
        AGA Resources, Inc.)
(Exact
        Name of Registrant as Specified in Charter)
Nevada
(State
        or
        Other Jurisdiction of Incorporation)
000-51781
(Commission
        File Number)
N/A
(I.R.S.
        Employer Identification No.)
10th
        Floor, Building A, TongYongGuoJi Center
No.3
        Jianguomenwai Road, Chaoyang District, Beijing
China
        100101
(Address
        of principal executive offices, including zip code)
86-10-5921-2222
(Registrant's
        telephone number, including area code)
This
        Current Report on Form 8-K is filed by Greater China Media and Entertainment
        Corp., a Nevada corporation (the "Registrant"), in connection with the items set
        forth below.
ITEM
        3.02  UNREGISTERED SALES OF EQUITY SECURITIES.
In
        May,
        2007, the Registrant commenced a $1,500,000 private offering of 3,000,000
        Units
        consisting of common stock and warrants for a purchase price of $.50 per
        Unit.  Each Unit consisted of (1) one share of common stock of the
        Registrant, (2) a warrant to purchase 1 additional share of common stock
        of the
        Registrant at an exercise price $0.50 per share, if exercised within 18 months
        from the Closing Date (a "Series A Warrant"), and (3) a warrant to purchase 1
        additional share of common stock of the Registrant at an exercise price of
        $0.60
        per share, if exercised within 24 months from the Closing Date (a "Series B
        Warrant").  The Series A Warrants and the Series B Warrants have
        cashless exercise provisions for the benefit of the holders.
The
        offering has been closed since September 15, 2007 and investors have acquired
        an
        aggregate of 3,200,000 Units for a total purchase price of
        $1,600,000.
The
        proceeds from this Offering will first be used to pay for our commitments
        under
        the Joint Venture Agreements, and to pay for the required registered capital
        for
        our wholly owned subsidiary in China. Other remaining proceeds from this
        Offering will be used to implement and develop the Registrant's business plan
        and for working capital and general corporate uses.
The
        Registrant intended the offering to be exempt from registration under the
        Securities Act of 1933, as amended (the "Act"), pursuant to Section 4(2) and
        Regulation S thereunder.  The facts which lead the Registrant to
        believe that the offering was entitled to such an exemptions were the facts
        that
        the investors were sophisticated and capable of bearing the risk of the
        investment, they were accredited, and they were all non-U.S.
        persons.
Neither
        the shares of common stock sold not the shares underlying the warrants are
        entitled to any registration rights, and the investors will rely on Rule
        144
        under the Act in order to sell the shares of common stock on the
        Over-the-Counter Bulletin Board after satisfying the current one year holding
        period of the Rule and other requirements.  There were no underwriting
        discounts or commissions offered in this transaction.
SIGNATURES
Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, the
        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.
GREATER
                CHINA MEDIA AND ENTERTAINMENT CORP.
Date:
                  November 13,
                  2007
By:
/s/ Jake
                Wei
Name  Jake
                Wei
Title  Chairman