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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 15, 1999
SMARTIRE SYSTEMS INC.
(Exact name of Registrant as Specified in Its Charter)
British Columbia 0-24209 N/A
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation File Numner Identification No.)
150-13151 Vanier Place
Richmond, British Columbia, V6V 2J1
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(Address of Principal Executive Offices)
(604) 276-9884
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(Registrant's Telephone Number, Including Area Code)
NA
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
Reference is made to the press release of Registrant issued on
November 15, 1999 which is incorporated herein by this reference. A copy of the
press release is attached to this Form 8-K as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99 Press release issued November 15, 1999
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
SMARTIRE SYSTEMS INC.
Dated: November 29, 1999 By: /s/ KEVIN A. CARLSON, CA
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Kevin A. Carlson, CA
Chief Financial Officer
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description of Exhibit
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<S> <C>
99 Press release issued November 15, 1999
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[SMARTIRE SYSTEMS LETTERHEAD]
NEWS RELEASE - NOVEMBER 15, 1999
Nasdaq: SMTR
Email: [email protected]
Contact: Greg Werbowski
1-800-982-2001/604-276-9884
SMARTIRE PROVIDES PRIVATE PLACEMENT UPDATE
RICHMOND, BRITISH COLUMBIA, NOVEMBER 15, 1999 - SmarTire Systems Inc. has raised
gross proceeds of US$3 million through the issuance of 1.5 million common shares
under the private placement announced September 28, 1999. The subscriptions were
completed with three institutional investors in Europe.
The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements.
SmarTire Systems Inc. is the developer and marketer of proprietary tire
monitoring systems for the North American and European automotive markets.
Additional information is available on the Internet at www.smartire.com.
/s/ KEVIN A. CARLSON
Kevin A. Carlson, CA
Chief Financial Officer
Except for the historical information contained herein, this news release
contains forward looking statements that involve risks and uncertainties,
including the impact of competitive products and pricing and general economic
conditions as they affect the Company's customers. Actual results and
developments may therefore differ materially from those described in this
release.
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