5
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):
January 14, 1998 (November 12, 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)
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Item 5. Other Events
Effective as of December 17, 1998, Robert C. Silzer,
Jr. resigned as a director of the registrant for personal
reasons; he continues to serve as an executive officer.
Robert L. Hunziker has been appointed a director. Mr.
Hunziker, age 53, is a self-employed financial and business
adviser, primarily for start up and development stage
companies, for the past five years. For 18 years prior
thereto, he was affiliated with various investment banking
firms, as a principal or partner.
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
that Act is set forth below. No underwriters were involved
in the transactions, except a finder's fee of 12% was paid
to Select Capital Advisors, Inc. in connection with the sale
of certain convertible debentures. The registrant did not
publicly offer any securities.
(a) As of November 12, 1997, 104,051 shares were issued
to Crystal Securities Inc. in payment of a commission for
introducing investors; an additional 53,312 shares were
issued as of November 24, 1997.
(b) As of November 12, 1997, 1,020,834 shares were
issued to Y.L. Hirsch upon partial conversion of $75,000 of
a $300,000 convertible debenture.
(c) As of November 12, 1997, 1,562,500 shares were
issued to Lockwood Resources Ltd. upon partial conversion of
$125,000 of a $187,500 convertible debenture.
(d) As of November 18, 1997, 75,000 shares were issued
to Bruno Benedet as additional consideration for a $105,000
loan.
(e) As Of November 18, 1997, 3,000,000 shares were
issued to Octavio (Otto) Boffo as collateral for a $200,000
convertible promissory note; an additional 368,750 shares
were issued as a bonus for providing the funding, as of
November 24, 1997.
<PAGE>
(f) As of November 24, 1997, 429,348 shares were issued
to Reg S intercontinental Investments Ltd. in settlement of
a dispute concerning the issuance of shares upon conversion
of a $62,500 convertible debenture.
(g) As of December 11, 1997, 94,119 shares were issued
to Karela Giselle Pty Ltd. in settlement of a dispute
concerning the issuance of shares upon conversion of
a$312,500 convertible debenture.
(h) As of December 16, 1997, 250,000 shares were issued
to Morton Sachs upon partial conversion of $20,000 of a
$125,000 convertible debenture.
(i) As of December 16, 1997, 326,087 shares were issued
to Morton Sachs upon partial conversion of $30,000 of a
$125,000 convertible debenture.
(j) As of December 16, 1997, 1,902,174 shares were
issued to Silenus Limited upon partial conversion of
$175,000 of a $375,000 convertible debenture.
(k) As of December 16, 1997, 339,674 shares were issued
to Doctrine Limited upon partial conversion of $31,250 of a
$62,500 convertible debenture.
(l) As of December 16, 1997, 679,348 shares were issued
to Shviger Investment Limited upon partial conversion of
$62,500 of a $125,000 convertible debenture.
(m) As of December 16, 1997, 339,674 shares were issued
to Richmond Capital Management Ltd. upon partial conversion
of $31,250 of a $62,500 convertible debenture.
(n) As of December 29, 1997, 1,357,220 shares were
issued to Passy Holding upon partial conversion of $50,000
of a $125,000 convertible debenture.
(o) As of December 29, 1997, 678,610 shares were issued
to Arcadia Mutual Fund Inc. upon partial conversion of
$25,000 of a $250,000 convertible debenture.
(p) As of December 29, 1997, 542,770 shares were issued
to Josef Schonkopf upon partial conversion of $20,000 of a
$312,500 convertible debenture.
<PAGE>
(q) As of December 29, 1997, 407,166 shares were issued
to Ephraim Saghi upon partial conversion of $15,000 of a
$125,000 convertible debenture.
(r) As of December 29, 1997, 814,155 shares (including
419,644 shares previously issued into escrow) were issued to
Asia Equities, Inc. upon partial conversion of $30,000 of a
$225,000 convertible debenture.
(s) As of December 29, 1997, 500,000 shares were issued
to UFH Endowment Ltd. upon partial conversion of a $218,750
convertible debenture.
(t) As of December 29, 1997, 500,000 shares were issued
to Austost Anstalt Schaan upon partial conversion of a
$218,750 convertible debenture.
(u) As of January 7, 1998, 657,895 shares were issued
to Paril Holdings upon partial conversion of $30,000 of a
$400,000 convertible debenture.
(v) As of January 9, 1998, 60,000 shares were issued to
World Technical Supply, Inc. and 40,000 shares were issued
to Brent L. Wipp in connection with an arrangement relating
to a $140,000 promissory note.
(w) As of January 9, 1998, 1,304,348 shares were issued
to Guerrino Nichele upon conversion of a $150,000
convertible promissory note.
(x) As of January 9, 1998, 1,062,500 shares were issued
to Enrique Denegri upon conversion of an aggregate of
$125,000 of convertible debentures.
(y) As of January 9, 1998, 850,000 shares were issued
to Alfred Maniotti upon partial conversion of $100,000 of a
$125,000 convertible debenture.
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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.
ADVANCED GAMING TECHNOLOGY, INC.
By: /s/Firoz Lakhani
Dated: January 14,1998 Firoz Lakhani
President
DC1DOCS1.65258
