UNITED STATESSECURITIES AND EXCHANGE ~~COMMISSIONWashington~~COMMISSION Washington, D.C. ~~20549~~ 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~February~~Date ~~28, 2007Date~~ of Report (Date of earliest event reported) June 16, 2008

ROYALITE PETROLEUM COMPANY INC.
(Exact name of registrant as specified in its charter)

NEVADA	000-26729	88-0427619
(State or other jurisdiction of	(Commission File	(IRS Employer Identification No.)
incorporation)	Number)
1200 Nueces Street
Austin, TX 78701		78701
(Address of principal executive		(Zip Code)
offices)

810 Peace Portal Drive, Suite 201
Blaine, WA	98230
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (512) 478-8900

~~(360)~~2580 ~~201-0400Registrant's~~Anthem ~~telephone~~Village ~~number~~Drive, Suite 112 Henderson, NV ~~including~~89052(Former ~~area~~name ~~code~~or former address, if changed since last report)

WORLDBID CORPORATION(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~____~~[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~____~~[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

~~____~~[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

~~____~~[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

ITEM 25.0102 ~~COMPLETION~~DEPARTURE OF ~~ACQUISITION~~DIRECTORS OR ~~DISPOSITION~~PRINCIPAL OFFICERS; ELECTION OF ~~ASSETS~~DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

Effective onJune ~~February 28~~16, ~~2007~~2008, ~~Worldbid~~William ~~Corporation (the “Company”) completed the acquisition of Royalite Petroleum Corp~~C. ~~(“Royalite”). The~~Tao ~~acquisition~~resigned ofas ~~Royalite was completed by way of~~ a ~~“triangular~~member ~~merger”~~of ~~pursuant to~~ the ~~provisions~~Board of ~~the~~Directors ~~Amended and Restated Agreement and Plan~~ of ~~Merger~~ ~~(the “First Merger Agreement”) among~~ Royalite, ~~the~~Petroleum Company ~~and~~ ~~the Company’s wholly owned subsidiary, Royalite Acquisition Corp~~Inc. (the “~~Worldbid Sub~~Company”). ~~Under~~Dr. Tao ~~the~~resigned ~~terms~~to ofpursue ~~the~~other ~~First~~business ~~Merger~~interests. ~~Agreement,~~There ~~Royalite~~ was ~~merged with~~no ~~and into Worldbid Sub, with Worldbid continuing as the surviving corporation~~disagreement ~~(the~~between ~~“First Merger”)~~Dr. ~~Immediately~~Tao ~~following~~and the ~~completion of the First Merger, the~~ Company ~~completed~~regarding aany ~~second~~matter ~~merger~~relating ~~whereby~~to ~~Worldbid Sub was merged with and into~~ the Company’s operations, ~~with~~policies ~~the~~or ~~Company~~practices. ~~continuing~~The ascomplete ~~the~~text ~~surviving corporation~~of ~~(the “Second Merger”)~~Dr. AsTao’s ~~part~~letter of ~~the Second Merger, the~~ ~~Company~~resignation ~~changed~~is ~~its~~attached ~~name~~as toan ~~“Royalite~~exhibit ~~Petroleum Company Inc.” (the “Name Change”). Other than the Name Change, no amendments were made~~ to ~~the~~this ~~Company’s Articles of Incorporation~~report.

~~Under~~The ~~the~~above ~~terms~~disclosure ~~and~~is ~~conditions~~included ofin the ~~First Merger Agreement, each share of Royalite common stock issued and outstanding immediately prior to the completion of the First Merger has been converted into one share of the~~ Company’s ~~common~~press ~~stock. As a result, the Company issued a total of 24,960,667~~release ~~shares~~dated ofJune ~~its common stock to the former shareholders of Royalite upon the completion of the First Merger. As a result~~16, ~~upon~~2008 ~~completion~~attached ofas ~~the~~Exhibit ~~First Merger, the former stockholders of Royalite owned approximately 69~~99.6%1 ofto ~~the Company’s~~this ~~issued~~Current ~~and~~Report ~~outstanding~~which ~~common stock. The percentage ownership of~~is ~~Royalite’s~~incorporated ~~former~~by ~~shareholders~~reference isherein ~~expected~~pursuant to ~~decrease~~General toInstruction ~~approximately~~F ~~67% upon the issuance~~ of ~~units for which the Company has received subscriptions under a~~Form ~~previously authorized private placement financing~~8-K.

~~Pursuant~~ITEM to7.01 ~~the~~REGULATION ~~terms~~FD ~~of the First Merger Agreement, immediately after the completion of the First Merger and the Second Merger, certain of the Company’s officers and directors resigned from their positions as follows:~~ DISCLOSURE.

~~Name~~Working ~~Positions~~Interest ~~Resigned~~in ~~Paul~~Louisiana ~~Wagorn~~oil ~~Director Logan B. Anderson President~~ and ~~Chief Executive Officer.~~gas leases

~~Replacing~~The ~~Mr.~~Company ~~Wagorn~~also ~~and~~announced ~~Mr.~~that ~~Anderson~~it onhas ~~the~~acquired ~~Company’s~~a ~~Board~~27.5% ofworking ~~Directors~~interest ~~and~~(19.8% asnet ~~the~~revenue ~~Company’s~~interest) ~~President~~in oil and ~~Chief~~gas ~~Executive~~leases ~~Officer,~~totaling 698.62 ~~respectively,~~acres ~~was~~in ~~Michael~~the L.Westlake ~~Cass,~~Boudreaux ~~formerly~~Field ~~the~~located ~~President~~in ~~and~~Terrebonne ~~Chief~~Parish, ~~Executive~~Louisiana ~~Officer,~~shallow ~~and~~state awaters. ~~member~~The offirst ~~the~~well ~~Board~~is ofexpected ~~Directors,~~to ofbe ~~Royalite.~~drilled ~~Mr.~~during ~~Anderson~~the last ~~continues~~quarter toof ~~act~~2008. asThe onwell ~~the~~will ~~Company’s~~be ~~Board~~drilled to a depth of ~~Directors~~13,900 ~~and~~feet asto ~~the~~test ~~Company’s~~the ~~Secretary~~Tex. W-1, ~~Treasurer~~Tex. W.B, and ~~Chief~~Tex ~~Financial~~W-2 ~~Officer~~sands which are productive in other wells in the field.

AsThe ~~a result of the completion of the First Merger and the Second Merger, the~~ Company has ~~acquired~~paid ~~all the property and assets of Royalite~~$163, ~~including~~625 ~~rights~~for toits toportion ~~oil and gas leases on approximately 67,000 acres~~ of ~~land along~~ the ~~Utah Hingeline Trend of south-central Utah and a 2.5% royalty interest~~leasing, ingeological and togeophysical ~~all of the oil and gas produced and sold or used off of 285 acres of land also located along the Utah Hingeline Trend~~costs. ~~In addition to acquiring all of Royalite’s property and assets, the Company has assumed all of Royalites debts and liabilities.~~

AThe ~~copy~~well ofis ~~the~~projected ~~press~~to ~~release~~cost ~~announcing~~$6,453,300 ~~the~~to ~~closing~~drill ofand ~~the~~complete ~~transaction~~with isthe ~~attached~~Company’s asportion anestimated ~~exhibit~~at ~~to this Current Report on Form 8-K~~$1,774,657.

~~ITEM~~Since 3this is located in a producing gas field a gas pipeline connection is nearby.02 ~~UNREGISTERED~~The ~~SALES~~well, OFif ~~EQUITY~~successful, ~~SECURITIES~~can be connected within a few days of completion.

~~Effective~~The onabove ~~February~~disclosure ~~28,~~is ~~2007,~~included in the Company’s ~~issued~~press ~~an aggregate~~release ofdated 24June 17,~~960,667~~ ~~shares~~2008 ofattached ~~its~~as ~~common~~Exhibit ~~stock~~99.2 to ~~the~~this ~~former~~Current ~~shareholders~~Report ofwhich ~~Royalite~~is inincorporated ~~connection~~by ~~with~~reference ~~the~~herein ~~First~~pursuant ~~Merger.~~to ~~The~~General ~~shares~~Instruction ~~issued~~F ~~upon completion~~ of ~~the~~Form ~~First Merger were issued in reliance on the exemptions to registration contained in~~ 8-K.

~~-2-~~ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

~~Regulation D and Regulation S of the Securities Act of 1933~~ (~~the “Securities Act”~~d). Each of Royalite’s former shareholders were either “accredited investors” as defined in Rule 501(a) of Regulation D or were not “US persons” (and were not acquiring the Company’s shares for the account or benefit of a “US person”) as defined in Rule 902(k) of Regulation SExhibits. The offer and sale of the Company’s shares to Royalite’s former shareholders who are not “US persons” were made in offshore transactions as defined in Rule 902(h) of Regulation S in that such persons were not in the US when the offer of the Company’s shares were made to them and were not in the US when their decision to acquire the Company’s shares was made. No directed selling efforts were made in the US by the Company or any person acting on behalf of the Company.

ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT

Exhibit
Number	Description of Exhibit
17.1	Resignation of William C. Tao.
99.1	Press Release dated June 16, 2008.
99.2	Press Release dated June 17, 2008.

Effective on February 28, 2007, upon the completion of the First Merger, the former shareholders of Royalite received an aggregate of 24,960,667 shares of the Companys common stock in exchange for the 24,960,667 shares of Royalite common stock previously owned by them. As a result, upon completion of the First Merger, the former shareholders of Royalite owned approximately 69.6% of the outstanding shares of the Company’s common stock, resulting in a change of control. The percentage ownership of Royalite’s former shareholders is expected to decrease to approximately 67% upon the issuance of units for which the Company has received subscriptions under a previously authorized private placement financing. SIGNATURE

OnPursuant ~~February~~to ~~28,~~the ~~2007,~~requirements ~~pursuant~~of tothe ~~provisions~~Securities ofExchange ~~the~~Act ~~First~~of ~~Merger Agreement~~1934, the ~~certain~~registrant ofhas ~~the~~duly ~~Company’s~~caused ~~officers~~this ~~and~~report ~~directors~~to ~~resigned from~~be ~~their~~signed ~~positions~~on asits ~~follows:~~behalf by the undersigned hereunto duly authorized.

Name Positions Resigned Paul Wagorn Director Logan B. Anderson President and Chief Executive Officer.

	ROYALITE PETROLEUM COMPANY INC.
Date: June 19, 2008
	By:	/s/ Logan B. Anderson

		LOGAN B. ANDERSON
		President, Secretary and Treasurer

Replacing Mr. Wagorn and Mr. Anderson on the Company’s Board of Directors and as the Company’s President and Chief Executive Officer, respectively, was Michael L. Cass, formerly the President and Chief Executive Officer, and a member of the Board of Directors, of Royalite. Mr. Anderson continues to act as on the Company’s Board of Directors and as the Company’s Secretary, Treasurer and Chief Financial Officer. 2

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On February 28, 2007, upon the completion of the Second Merger, Paul Wagorn resigned as a director and Logan B. Anderson resigned as the Company’s Chief Executive Officer and President. The resignations of Mr. Wagorn and Mr. Anderson were made pursuant to the provisions of the First Merger Agreement and were not due to any disagreements with the Company.

Upon the tendering of the resignations of Mr. Wagorn and Mr. Anderson, Michael L. Cass was appointed to the Company’s Board of Directors and as the Company’s Chief Executive Officer and President. Mr. Anderson continues to act as the Company’s Secretary, Treasurer and Chief Financial Officer.

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Prior to the completion of the First Merger, Michael L. Cass was a member of Royalite’s Board of Directors and was Royalite’s President and Chief Executive Officer, having held those positions since February 8, 2006. From 1997 to 2005, Mr. Cass was an independent oil and gas investor in Texas where he bought, sold and developed oil and gas properties. From 1990 to 1997, Mr. Cass was president and chairman of MLC Petroleum Corporation, formerly a Toronto Stock Exchange company. Mr. Cass has over 29 years business experience with emphasis in all aspects of the oil and gas industry.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial Statements of Businesses Acquired. The historical financial statements of Royalite are not included with this Current Report and will be filed by an amendment to this Current Report no later than 71 days after March 6, 2007. (b) Pro Form Financial Information The pro-forma consolidated financial statements showing the effects of the acquisition of Royalite are not included in this Current Report and will be filed by an amendment to this Current Report no later than 71 days after March 6, 2007. (d) Exhibits.

Exhibit Number	Description of Exhibit
2.1	Amended and Restated Agreement and Plan of Merger entered into on February 9, 2007 between Worldbid Corporation, Royalite Acquisition Corp. and Royalite Petroleum Corp.(1)
2.2	Agreement and Plan of Merger entered into on February 28, 2007 between Worldbid Corporation and Royalite Acquisition Corp.
3.1	Amended and Restated Articles of Incorporation for Worldbid Corporation.(2)
3.2	Articles of Merger among Royalite Petroleum Corp. and Royalite Acquisition Corp.
3.3	Articles of Merger among Royalite Acquisition Corp. and Worldbid Corporation.
99.1	Press Release dated March 5, 2007.

Notes

(1)	Previously filed as an exhibit to the Company’s Current Report on Form 8-K filed with the SEC on February 14, 2007.
(2)	Previously filed as an exhibit to the Company’s Quarterly Report on Form 10-QSB filed with the SEC on March 22, 2006.

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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.

	ROYALITE PETROLEUM COMPANY INC.
Date: March 5, 2007
	By:	/s/ Logan B. Anderson
		LOGAN B. ANDERSON
		Director, Chief Financial Officer, Secretary
		and Treasurer

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