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 earliest event reported: December 31, 2002
Stockgroup Information Systems Inc.
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(Exact name of registrant as specified in its charter)
Colorado 000-23687 84-1379282
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(State of Incorporation) (Commission File Number) (IRS Identification No.)
500-750 W. Pender Street, Vancouver, British Columbia, Canada V6C 2T7
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(Address of principal executive offices)(Zip Code)
(604) 331-0995
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(Registrant's telephone number, including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. OTHER EVENTS
Financing Arrangement
On December 31, 2002 Stockgroup Information Systems Inc. ("Stockgroup") closed a
$544,600 private placement with 28 unaffiliated investors pursuant to a
securities purchase agreement. The financing was sold in units consisting of
one common share and one Warrant. 3,403,750 units were sold at a price of $0.16
per unit.
The Warrants are exercisable at two warrants plus $0.22 per share. There are
1,701,875 common shares underlying the Warrants. The Warrants mature on December
31, 2003
Stockgroup paid a placement fee of $50,960 in this transaction.
Warrant Repricing
On March 31, 2003, Stockgroup Information Systems Inc. repriced 1,664,900
warrants issued March 31, 2002, from $0.25 to $0.30 and extended the expiry date
of the warrants to September 26, 2003.
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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.
Stockgroup Information Systems Inc.
(Registrant)
Dated: March 24, 2003 By: /s/ Marcus A. New
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Marcus A. New, CEO
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EXHIBIT INDEX
Exhibit No. Exhibit
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4.1 Securities Purchase Agreement
99.1 Press Release
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