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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) May 27, 1998.
TREATS INTERNATIONAL ENTERPRISES INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-21418 13-3495199
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(Commission File Number) (IRS Employer Identification No.)
418 PRESTON STREET, OTTAWA, ONTARIO, CANADA K1S 4N2
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (613) 563-4073
N/A
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(Former name or former address, if changed since last report)
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ITEM 5 OTHER EVENTS
Treats International Enterprises, Inc. ("TIEI") and a group of common
shareholders ("the Minority Shareholders") on May 27, 1998 filed two actions in
Ontario Court (General Division), one of which is under the Class Proceedings
Act, 1992, against The Royal Bank of Canada and its wholly owned subsidiary The
Royal Bank Capital Corporation (collectively "RBCC"). In both actions TIEI and
the Minority Shareholders seek general damages in the amount of One Hundred
Million Dollars Canadian (C$100,000,000.) From RBCC.
RBCC is the single largest shareholder of TIEI as well as it largest creditor.
The case is currently scheduled for mandatory mediation in Ottawa, Ontario,
Canada on January 19, 1999.
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.
TREATS INTERNATIONAL ENTERPRISES INC.
By: /s/ Paul J.Gibson Dated: December 11, 1998.
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President and C.E.O.
