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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): September 28, 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
September 28, 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 September 28, 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: October 7, 1999 By: /s/ KEVIN A. CARLSON, CA
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Kevin A. Carlson, CA
Chief Financial Officer
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EXHIBIT INDEX
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<CAPTION>
Exhibit No. Description of Exhibit
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99 Press release issued September 28, 1999
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[SMARTIRE SYSTEMS LETTERHEAD]
NEWS RELEASE -- September 28, 1999
Nasdaq: SMTR
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Email: [email protected]
Contact: Tracey Jaques
Manager, Corporate Communications
800-982-2001/604-276-9884
SmarTire Arranging Private Placement
RICHMOND, BRITISH COLUMBIA, SEPTEMBER 28, 1999 -- SmarTire Systems Inc. is
arranging a Private Placement for up to US$6 million through the issuance of up
to 3 million common shares of the Company at a minimum price of US$2 per share.
A commission would be payable on cash proceeds received by the Company. Net
proceeds from the private placement will be used to fund the development and
market launch of the Company's new passenger car and commercial tire monitoring
systems and for working capital.
SmarTire Systems Inc. develops and markets proprietary tire monitoring systems
for the North American and European automotive aftermarkets. Through their
strategic alliance, SmarTire Systems and TRW Inc. are committed to providing
superior tire monitoring systems for both aftermarket and original equipment
applications. Additional information is available at www.smartire.com.
/s/ KEVIN A. CARLSON
Kevin A. Carlson, CA
Chief Financial Officer
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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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