ableauc-8k122109.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): December 21, 2009
ABLEAUCTIONS.COM,
INC.
(Exact
name of Registrant as specified in charter)
| Florida |
000-28179 |
59-3404233 |
| (State or other
jurisdiction of incorporation) |
(Commission File
Number) |
(IRS Employer
Identification Number) |
Suite
454 – 4111 Hastings Street
Burnaby,
British Columbia Canada V5C 6T7
(Address
of principal executive offices)
Registrant’s telephone number, including area
code: 604-293-3933
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the Registrant under any of the following
provisions (see General Instruction A.2 below).
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17
CFR240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)).
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13(e)-4(c))
Item
8.01. Other
Matters.
On
December 21, 2009 Ableauctions.com Inc. (the “Company”) issued the attached
press release announcing that its board of directors has declared a cash
distribution on its common stock of $0.55 per share (for a total of
approximately $4.5 million) and has established December 30, 2009 as the record
date for this distribution and for determining the stockholders who will be
entitled to receive distributions from the liquidating entity that is to be
established in conjunction with the Company’s acquisition of Top Favour Limited
(SinoCoking), if the acquisition (as more fully described in the definitive
proxy statement filed with the SEC on November 27, 2009) is
approved. There is no assurance that the Company’s stockholders will
approve the acquisition.
Item
9.01 Financial
Statements and Exhibits
Exhibit
99 Press
Release
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.
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ABLEAUCTIONS.COM,
INC. |
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Date:
December 21, 2009
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By:
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/s/
Abdul Ladha |
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Abdul
Ladha |
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Chief
Executive Officer |
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