UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: June 17, 2003
Commission file number 0-28423
VALIDIAN CORPORATION
Nevada 58-2541997
(State of Incorporation) (IRS Employer Identification No.)
30 Metcalfe Street, Ottawa, Ontario, Canada K1P 5L4
(Address of principal executive offices)
613-230-7211
(Telephone Number)
Item 1 through Item 4 - not applicable
Item 5. Other Events
On May 30, 2003 the company and some of its warrant holders voluntarily
cancelled 410,000 Series B Warrants and 2,135,000 Series D Warrants in return
for the company issuing 2,853,350 shares of its common stock in satisfaction of
$941,605.62 of outstanding 12% secured notes payable including accrued interest
and 1,653,512 shares of its common stock in satisfaction of $515,958.90 of
outstanding 5% convertible notes payable including accrued interest plus
4,000,000 Series F Warrants with an exercise price of $0.50 per share and
expiring May 30, 2007. The company also issued 2,135,000 Series E Warrants with
an exercise price of $0.33 per share and expiring May 30, 2008.
On May 30, 2003, the director of the company approved the company's Incentive
Equity Plan. The Director's Resolution is appended hereto as Exhibit 4.1. The
Incentive Equity Plan is appended hereto as Exhibit 10.1.
Item 6 through Item 9 - not applicable
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SIGNATURE
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
VALIDIAN CORPORATION
(Registrant)
Date 06/17/2003 By /s/ Andre Maisonneuve
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Andre Maisonneuve, President,
Chief Executive Officer and Chief
Financial Officer
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