FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Coastport Capital Inc.
(Translation of registrant’s name into English)
3rd Floor, 157 Alexander Street, Vancouver, BC V6A 1B8
(Address of principal executive officer)
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 ü Form 40-F ________
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: : ü
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________.
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.
Coastport Capital Inc.
Registrant
Dated: April 10, 2006 By: /s/David Patterson/s/
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
COASTPORT CAPITAL INC.
Suite 501, 595 Howe Street
Vancouver, BC V6C 2T5
Item 2 Date of Material Change
March 27, 2006
Item 3 News Release
The news release dated March 27, 2006 was issued in Vancouver, BC and disseminated through CCN Matthews.
Item 4 Summary of Material Change
The Company announces that the previously announced non-brokered private placement in the amount of $6,300,000 has been amended. The Company will now issue a total of 7,275,000 units at a price of $0.90 per unit for gross proceeds of $6,547,500 (the “Financing”). The Financing will be comprised of a non-brokered private placement in the amount of $5,535,000 and a brokered private placement with Canaccord Adams (the “Agent”) in the amount of $1,012,500. The Company has granted the Agent an over allotment option equal to 10% of the units offered under the brokered private placement, exercisable at any time prior to closing of the offering. Each unit is comprised of one common share and a one-half common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of Coastport at a price of $1.10 for eighteen months.
Item 5 Full Description of Material Change
The Company announces that the previously announced non-brokered private placement in the amount of $6,300,000 has been amended. The Company will now issue a total of 7,275,000 units at a price of $0.90 per unit for gross proceeds of $6,547,500 (the “Financing”). The Financing will be comprised of a non-brokered private placement in the amount of $5,535,000 and a brokered private placement with Canaccord Adams (the “Agent”) in the amount of $1,012,500. The Company has granted the Agent an over allotment option equal to 10% of the units offered under the brokered private placement, exercisable at any time prior to closing of the offering. Each unit is comprised of one common share and a one-half common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of Coastport at a price of $1.10 for eighteen months.
The funds raised by way of this private placement will be used for general working capital and the Company's 2006 exploration programs on the Shyri and La Plata projects, located in Ecuador.
Finders’ fees and commissions will be payable in connection with the private placement.
The private placement is subject to the approval of the TSX Venture Exchange.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Confidentiality is not requested.
Item 7 Omitted Information
No information has been omitted in respect of the material change.
Item 8 Executive Officer
DAVID PATTERSON
President | Telephone: (604) 684-0561 |
Item 9 Date of Report
March 27, 2006
COASTPORT CAPITAL INC.
Per:
“David Patterson”
David Patterson,
President