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): February 22, 2001
British Columbia
- ----------------
(State or other (Commission File No.) (IRS Employer
Jurisdiction of Identification
incorporation) No.)
930 West 1st Street, Suite 102,
North Vancouver, British Columbia, Canada V7P 3N4
(Address of principal executive offices)
Registrant's telephone number, including area code: (604)
988-0440
ITEM 5. OTHER MATTERS
PRIVATE PLACEMENT
On February 22, 2001 Sideware Systems Inc. completed a private
placement of 5,229,752 units. Each unit consists of one
share and one share purchase warrant. Each share purchase
warrant entitles the holder to acquire one additional share for
a period of three years. The exercise price of the warrants is
$1.00. 1,562,500 of the units were sold to directors or officers
of the Company, or private investment companies with which they
are associated. The price of the units was $0.76 per unit for
arm's length purchasers and $0.80 per unit for directors and officers
of the Company. The Company also issued 526,316 broker's warrants
in connection with the private placement. Each broker's warrant
entitles the holder to acquire one unit for a period of three years
at a price of $0.76 per unit.
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.
SIDEWARE SYSTEMS INC.
"Grant Sutherland"
Date: March 7, 2001
Grant Sutherland, Chairman