UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Sections 13 or 15(d) of
The Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): February 16th, 1998
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WAVERIDER COMMUNICATIONS INC.
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(Exact name of registrant as specified in charter)
NEVADA
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(State or other jurisdiction of incorporation or organization)
0-25680 33-0264030
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(Commission File Number) (I.R.S. Employer
Identification Number)
204 - 595 Howe Street, Vancouver, BC., Canada, V6C 2T5
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(Address of Principal Executive Offices and Zip Code)
(604) 482-1211
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(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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Item 9. Sales of Equity Securities Pursuant to Regulation S.
1. Authorization for Sale and Issuance of Common Stock Units. On February 16th,
1998, WaveRider Communications Inc., (the "Company"), completed the distribution
of 500,000 Common Stock Units at the price of U.S.$1.00 per Unit, each Unit
consisting of One(1) share of Common Stock of the Company, and One (1) Common
Stock Purchase Warrant ("Class E Warrants"), each Class E Warrant entitling the
holder thereof to purchase One (1) share of the Company's Common Stock from the
date of issuance until February 15th, 1999, at a price of U.S. One dollar and
twenty-five cents, (U.S. $1.25) per share. The Common Stock Units were offered
and sold outside the United States of America in reliance upon Rule 903(c)(2) of
Regulation S under the Securities Act of 1933, as amended, (the "Act"). No value
was assigned nor any part of the Unit purchase price allocated to the Class E
Warrants.
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 thereunto duly authorized.
Dated: February 16th, 1998.
WaveRider Communications Inc.
Per: /s/ D.B.Sinclair
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Bruce Sinclair, President
