FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities and Exchange Act of 1934
For the month of March, 2002
API ELECTRONICS GROUP INC. (Formerly: Investorlinks.com Inc.)
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(Translation of registrant's name into English)
505 University Ave., Suite 1400, Toronto, Ontario M5G 1X3
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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 _____
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 12g3-2b under the Securities Exchange Act of 1934:
Yes: _____ No: __X__
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.
API ELECTRONICS GROUP INC.
(Formerly Investorlinks.com Inc.)
Date: March 14, 2002 By: /s/ Jason DeZwirek
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Jason DeZwirek, Chairman of the Board,
Executive V.P., Secretary and Director
API ELECTRONICS RECEIVES CAPITAL INJECTION OF US$1.1 MILLION
NEW YORK, Mar 11, 2002 -- API Electronics Group Inc. (APIEF) announced today
financing activities have yielded net proceeds to the company of US $1,100,000,
of which $900,000 will be reflected in the company's fourth quarter reporting
period, ending May 31, 2002.
Use of proceeds will be directed towards the company's acquisition activities.
"This support from the investment community demonstrates strong confidence in
our growth opportunities," said Jason DeZwirek, Chairman and CEO of API
Electronics. "This capital injection allows us to execute on our aggressive
acquisition strategy."
As the leading provider of custom replacement parts, API Electronics Group Inc.
is meeting critical demands for extremely high-quality semiconductors and
microelectronic circuits with precisely defined functional capabilities. API has
been providing top of the line components for military, aerospace, and
commercial markets for over 20 years. The company boasts a growing list of blue
chip customers, including Honeywell/Allied Signal, Lockheed Martin, Litton
Systems, and numerous other top technology-based firms around the world. API's
operations originate from its wholly-owned, state-of- the-art, 15,000-sq-ft
technology and manufacturing facility in Hauppauge, New York. API Electronics
trades on the OTC Bulletin Board under the symbol APIEF. For further information
about API Electronics, please visit the company's website at
www.apielectronics.com.
MEDIA RELATIONS CONTACT: INVESTOR RELATIONS CONTACT:
Primoris Group Primoris Group
Corporate Communications Corporate Communications
Tel: 1-877-274-0274 Tel: 1-877-274-0274
api@primorisgroup.com api@primorisgroup.com
This press release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All forward-looking
statements are subject to certain risks, uncertainties and assumptions. These
risks and uncertainties, which are more fully described in API's Annual and
Quarterly Reports filed with the Securities and Exchange Commission, include
changes in market conditions in the industries in which the Company operates.
Should one or more of these risks or uncertainties materialize, or should the
assumptions prove incorrect, actual results may vary in material aspects from
those currently anticipated.
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FORM 27
Securities Act (Ontario)
MATERIAL CHANGE REPORT UNDER SECTION 75(2) OF THE ACT
1. Reporting Issuer:
API Electronics Group Inc.
505 University Avenue
Suite 1400
Toronto, Ontario
M5G 1X3
2. Date of Material Change:
March 11, 2002
3. Publication of Material Change:
Press Release issued on March 11, 2002
4. Summary of Material Change:
As in No. 5 below.
5. Full Description of Material Change:
API Electronics Group Inc. (the "Company") announces that certain arms
length investors in the Company have exercised (the "Exercise") certain
common share purchase warrants that have yielded net proceeds to the
Company of approximately US$1,100,000, of which approximately
US$900,000 will be reflected in the Company's fourth quarter reporting
period ended May 31, 2002. Details of the Exercise are further
described in Schedule "A", attached.
6. Senior Officer:
Jason DeZwirek
Chairman
Telephone: 416-593-3000
I, Jason DeZwirek, Chairman, certify that the foregoing accurately
discloses the material change referred to herein.
Signed at Toronto, Ontario this 12th day of March, 2002.
/s/ Jason DeZwirek
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Jason DeZwirek, Chairman
API Electronics Group Inc.
IT IS AN OFFENCE FOR A PERSON TO MAKE A STATEMENT IN A DOCUMENT REQUIRED TO BE
FILED OR FURNISHED UNDER THE ACT OR THIS REGULATION THAT, AT THE TIME AND IN THE
LIGHT OF THE CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A MISREPRESENTATION.
SCHEDULE "A"
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DATE #SHARES $ PER WARRANT TOTAL $
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Jan-22-02 167,392 0.45 75326.40
Jan-22-02 273,541 0.45 123093.45
Mar-05-02 125,000 0.40 50000.00
Mar-05-02 125,000 0.40 50000.00
Mar-05-02 62,500 0.45 28125.00
Mar-05-02 62,500 0.45 28125.00
Mar-05-02 62,500 0.75 46875.00
Mar-05-02 62,500 0.75 46875.00
Mar-07-02 167,392 0.75 125544.00
Mar-07-02 273,541 0.75 205155.75
Mar-07-02 273,541 0.45 123093.45
Mar-07-02 65,324 0.45 29395.80
Mar-07-02 65,324 0.75 48993.00
Mar-12-02 273,541 0.45 123093.45
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TOTAL $ TO DATE
$1,103,695.30