UNITED STATES
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): August 19, 2014
ABAKAN INC.
(Exact name of registrant as specified in its charter)
Nevada
000-52784
98-0507522
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
2665 S. Bayshore Drive, Suite 450, Miami, Florida 33133
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (786) 206-5368
n/a
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
□
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
□
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM 7.01
REGULATION FD DISCLOSURE
The information contained herein includes a press release attached as Exhibit 99.1, which is incorporated
by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD.
Such information shall not be deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be
deemed to be incorporated by reference into any of Abakan Inc.’s (the “Company”) filings under the
Securities Act of 1933, as amended, or the Securities and Exchange Act of 1934, as amended, whether
made before or after the date hereof and regardless of any general incorporation language in such filings,
except to the extent expressly set forth by specific reference in such filing.
_____________________________________________________________________________________
ITEM 8.01
OTHER EVENTS
_____________________________________________________________________________________
On August 19, 2014, the Company’s board of directors, determined to initiate a private placement of up to
eighteen million seven hundred and fifty thousand (18,750,000) shares of its restricted common stock, at a
price of $0.40 a share, for anticipated gross proceeds of seven million five hundred thousand dollars
($7,500,000), to support ongoing operations, retire outstanding debt and bolster product development.
The prospective private placement is expected to close on September 15, 2014.
The Company does not expect to pay any commission in connection with this prospective placement.
______________________________________________________________________________
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is included as part of this Current Report:
Exhibit No.
Description
99.1
Abakan Inc. press release dated August 20, 2014
___________________________________________________________________________________
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.
Abakan Inc.
Date
By: /s/ Robert H. Miller
August 20, 2014
Name: Robert H. Miller
Title: Chief Executive Officer
