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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
PURSUANT to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
Filing No. 1 for the month of October, 1999
Bid.Com International Inc.
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(Exact name of Registrant)
6725 Airport Road, Suite 201, Mississauga, ON, Canada L4V 1V2
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover 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
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BID.COM INTERNATIONAL INC.
On September 30, 1999, Bid.Com International Inc. (the "Company") announced
that it raised aggregate gross proceeds of Cdn$17.1 million ( approximately
US$11.8 million) from the sale of Special Warrants through Canaccord Capital
Corporation.
Each Special Warrant, priced at Cdn$9.25, will entitle the holder to
acquire one unit consisting of one common share in the capital of the Company
and one-half of a non-transferable common share purchase warrant. Each whole
share purchase warrant can be exercised to acquire one additional common share
at an exercise price of Cdn$12.00 per share for 24 months.
The securities offered in the private placement have not been registered
under the Securities Act of 1933 and may not be offered or sold without
registration under the Act or an exemption from registration.
This Form 6-K may include comments that do not refer strictly to historical
results or actions and may be deemed to be forward-looking within the meaning of
the Safe Harbor provisions of the U.S. federal securities laws. These include,
among others, statements about expectations of future revenues and cash flows
and capital requirements. Forward-looking statements are subject to risks and
uncertainties that may cause the Company's results to differ materially from
expectations. These risks include the Company's ability to further develop its
business-to-business and licensing businesses, its ability to develop
appropriate strategic alliances and successful development and implementation of
technology, acceptance of its products and services, competitive factors, new
products and technological changes, and other such risks the Company may
identify and discuss from time to time, including those risks disclosed in the
Company's amended Form 20-F filed with the Securities and Exchange Commission.
Accordingly, there is no certainty that the Company's plans will be achieved.
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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, thereunto duly authorized.
BID.COM INTERNATIONAL INC.
Date: October 1, 1999 By: /s/Mark Wallace
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Name: Mark Wallace
Title: Executive Vice President and General
Counsel
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