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) November 17, 1999
JAWS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation or organization)
7371 98-0167013
(Commission File Number) (IRS Employer Identification Number)
1013 17TH AVENUE SW T2T 0A7
CALGARY, ALBERTA CANADA
(Address of principal executive offices)
(403) 508-5055
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
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On November 17, 1999, JAWS Technologies, Inc. ("JAWS") executed a Debenture
Acquisition Agreement Amendment and Settlement Agreement with Thomson Kernaghan
& Co. ("Thomson Kernaghan") (the "Settlement Agreement") in order to settle the
outstanding obligations of the parties relating to the $5,000,000 Debenture
Acquisition Agreement dated September 25, 1998, as amended on April 27, 1999
(the "Debenture Agreement").
The Settlement Agreement settles the conversion terms of the $1,520,000
advanced under the Debenture Agreement and the exercise of outstanding warrants
issued under the Debenture Agreement and terminates all further obligations
related to the Debenture Agreement.
Debentures issued pursuant to the Debenture Agreement have been converted
to 5,127,672 restricted shares of common stock of JAWS.
Thomson Kernaghan will exercise all of the outstanding warrants issued
pursuant to the Debenture agreement for 2,180,220 restricted shares of common
stock of JAWS.
The parties have signed a mutual release of all previously existing
obligations.
SIGNATURE
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.
JAWS TECHNOLOGIES, INC.
By:/s/Robert J. Kubbernus
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Robert J. Kubbernus, President
Date: December 1, 1999