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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November, 1998.
LASERMEDIA COMMUNICATIONS CORP.
11 Charlotte Street, Toronto, Ontario M5V 2H5
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
--- ---
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b)
Not Applicable
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FORM 27
MATERIAL CHANGE REPORT UNDER SECTION 75(2) OF THE SECURITIES ACT (ONTARIO)
* "$" represents Canadian dollars.
ITEM 1 REPORTING ISSUER
LaserMedia Communications Corp. (the "Corporation")
11 Charlotte Street
2nd Floor
Toronto, Ontario M5V 2H5
ITEM 2 DATE OF MATERIAL CHANGE
November 20, 1998
ITEM 3 PRESS RELEASE
One Press Release was published on November 20, 1998 at
Toronto, Ontario, on the ISDN Wire Service. A copy of the
Press Release is annexed hereto.
ITEM 4 SUMMARY OF MATERIAL CHANGE
The Corporation announced that it concluded on November 18,
1998 a debt settlement private placement offering of common
shares of the Corporation. The private placement consisted of
the issuance of 717,500 common shares at a price of $0.20 per
share and was subscribed for through the conversion of
outstanding indebtedness in the aggregate amount of $143,500.
The Corporation has 13,766,768 common shares issued and
outstanding, giving effect to the private placement.
A copy of the Press Release, as annexed hereto, is incorporated herein
by reference.
ITEM 5 FULL DESCRIPTION OF MATERIAL CHANGE
See Item 4 above.
ITEM 6 RELIANCE ON SECTION 75(3) OF THE ACT
Not applicable.
ITEM 7 OMITTED INFORMATION
Not applicable.
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ITEM 8 SENIOR OFFICERS
For further information contact: Richard Hue, Chairman and CEO
Telephone: (416) 977-2001
ITEM 9 STATEMENT OF A SENIOR OFFICER
The foregoing accurately discloses the material change
referred to herein.
DATED at Toronto, Ontario, the 24th day of November, 1998.
(Signed) RICHARD HUE
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
cc: Canadian Dealing Network Inc., via SEDAR
U.S. Securities and Exchange Commission, via EDGAR
(File No. 000-23785 - Form 6K attached)
Standard Poor's Corporations Records Service, via regular mail
LaserMedia Communications Corp., Attn: Richard Hue, via fax
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SCHEDULE A
LASERMEDIA COMMUNICATIONS CORP.
PRESS RELEASE
FOR IMMEDIATE RELEASE Press Release #16
Toronto, Ontario November 20, 1998
Via ISDN CDN Pack
LASERMEDIA CONCLUDES PRIVATE PLACEMENT SUBSCRIPTION
LaserMedia Communications Corp. (CDN: LMCD)
TRADING ON NASD OTC-BULLETIN BOARD (LZMCF)
Issued and Outstanding - 13,766,768 Common Shares
* "$" represents Canadian dollars.
TORONTO, November 20, 1998. LaserMedia Communications Corp. ("LaserMedia") is
pleased to announce that it concluded on November 18, 1998 a debt settlement
private placement offering of common shares of the Corporation. The private
placement consisted of the issuance of 717,500 common shares [to F.M.F.
Investment Group S.A.] at a price of $0.20 per share and was subscribed for
through the conversion of outstanding indebtedness in the aggregate amount of
$143,500.
LaserMedia currently has 13,766,768 common shares issued and outstanding, after
giving effect to the private placement.
LaserMedia is the developer and publisher of health and fitness interactive
multimedia software on CD-ROM. LaserMedia developed a "Personal Fitness
Trainer" on multimedia CD-ROM called Active Trainer(TM), the interactive
elements of which permit users to participate in, and influence, a fitness and
entertainment experience with 3-D graphics, animation and sound. LaserMedia's
Active Fitness(TM) library currently consists of 4 titles; Active Trainer(TM),
Active Legs and Buns(TM), Active Abs(TM), Active Body BLAST(TM) (Active Buns &
Active Abs packaged together) with a 5th and 6th title Active Planner(TM) and
Active VR(TM) to be released in early 1999.
LaserMedia's head office is located in Toronto, Ontario.
For further information, contact:
Jack Wall
Investor Relations, RT Equity Inc.
(416) 967-4779/(888) 821-2800
THE INFORMATION HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY REGULATORY
AUTHORITIES.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
LaserMedia Communications Corp. has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
LASERMEDIA COMMUNICATIONS CORP.
Date: December 10, 1998 By: /s/ Richard Hue
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RICHARD HUE
Chairman and Chief Executive Officer
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