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):
May 27, 1997 (April 21, 1997)
ADVANCED GAMING TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Charter)
2482-650 West Georgia Street, P.O. Box 11610
Vancouver, British Columbia, Canada V6B 4N9
(Address of Principal Executive Offices)
Wyoming 000-21991 98-0152226
(State of Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification
No.)
Registrant's telephone number, including area code:
(604) 689-8841
(Former Name or Former Address, if Changed Since Last
Report)
<PAGE>
Item 9. Sales of Equity Securities Pursuant to Regulation
S.
Information concerning recent sales by the registrant
of equity securities that were not registered under the
Securities Act of 1933 in reliance upon Regulation S under
<PAGE>
that Act is set forth below. No underwriters were involved
in the transactions and the registrant did not publicly
offer any securities.
(a) Effective as of April 21, 1997, 1,395 shares each,
or an aggregate of 8,370 shares, were issued in payment in
advance of the first three months interest in respect of
certain convertible debentures, to: UFH Endowment Ltd., Tusk
Investments Inc., Austost Anstalt Schaan, Paril Holding,
Asia Equities, Inc. and FT Trading.
(b) Effective as of April 23, 1997, an aggregate of
200,000 shares were issued upon conversion of certain
convertible promissory notes, to: Capcan Investments Ltd.,
50,000 shares upon conversion of a $25,000 note dated April
24, 1996, at $0.50 per share; Raymond E. Signorello, 100,000
shares upon conversion of a $50,000 note dated April 18,
1996, at $0.50 per share; and Creel Investment Corporation,
50,000 shares upon conversion of a $25,000 note dated April
24, 1996, at $0.50 per share.
(c) Effective as of April 28, 1997, 4,146 shares were
issued in payment in advance of the first three months
interest in respect of a certain convertible debenture to
Reg S Intercontinental Investments Ltd.
(d) Effective as of April 29, 1997,280000 shares were
issued to Gilmour McKay Roberts Consulting Ltd. as
compensation for services rendered.
(e) Effective as of April 30, 1997, 100,000 shares were
issued upon conversion of a certain promissory note dated
April 25, 1996, at $0.50 per share, to Raymond E.
Signorello.
(f) Effective as of April 30, 1997, an aggregate of
727,272 shares were issued to S.D.A. List Brokers, Inc.
(363,636 shares), World Technical Supply Inc. (218,182) and
Allied Procurement Inc. (145,454 shares)upon exercise of
certain options at $0.55 per share.
(g) Effective as of May 7, 1997, an aggregate of
6,808,039 shares to UFH Endowment Ltd., Tusk Investments
Inc., Asia Equities, Inc., FT Trading, Paril Holding, and
Austost Anstalt Schaan, in advance as security against
future
<PAGE>
conversion of the holders' respective convertible
debentures, to be held in escrow by Barry B. Globerman, Esq.
(h) Effective as of May 7 and May 13, 1997, an
aggregate of 467,318 shares were issued to Asia Equities,
Inc. upon two separate, partial conversions of a certain
convertible debenture (150,862 shares and 316,456 shares,
respectively).
<PAGE>
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.
Dated: May 27, 1997 ADVANCED GAMING TECHNOLOGY, INC.
By: /s/ Firoz Lakhani, President
Firoz Lakhani, President
DC1DOCS1.52475
