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Ableauctions.com - 2002 Consultant Stock Plan
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
ABLEAUCTIONS.COM, INC.
_________________________________________
(Exact name of registrant as specified in its charter)
Florida
59-3404233
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
1963 Lougheed Highway
Coquitlam, British Columbia
V3K 3T8
(Address of principal executive offices)
(Zip Code)
Ableauctions.com, Inc. 2002 Consultant Stock Plan
(Full title of the Plan)
CT Corporation System
1200 Pine Island Road
Plantation, Florida 33324
(Name and address of agent for service)
(604) 805-4580
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Securities to be registered
Amount to be registered(1)
Proposed maximum offering price per share(2)
Proposed maximum aggregate offering price(2)
Amount of registration fee(3)
Common Stock
13,500,000
$0.22
$2,970,000
$240.57
(1) This Registration Statement shall also cover any additional shares of common stock which become issuable under the Ableauctions.com, Inc. 2002 Consultant Stock Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrant's receipt of consideration which results in an increase in the number of the outstanding shares of Registrant's common stock.
(2) Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) and Rule 457(h) under the Securities Act of 1933, based on the average of the high and low prices of the Registrant's common stock as reported by the American Stock Exchange on June 6, 2003.
(3) Calculated pursuant to General Instruction E on Form S-8.
GENERAL INSTRUCTION E INFORMATION
This Registration Statement is being filed for the purpose of increasing the number of securities of the same class as other securities for which a Registration Statement of the Registrant on Form S-8 relating to the same employee benefit plan is effective.
The contents of the Registrant's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on May 8, 2002 (File No. 333-87800) is hereby incorporated by reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 5.
Interests of Named Experts and Counsel.
Erick E. Richardson, one of the principals of the law firm of Richardson & Patel LLP, is the owner of an option to purchase 500,000 shares of the Registrant's common stock granted pursuant to the 2002 Consultant Stock Plan and will be eligible in the future to receive awards from the 2002 Consultant Stock Plan. Richardson & Patel LLP will give an opinion regarding certain legal matters in connection with this offering of our securities.
Item 8.
Exhibits.
5.
Opinion regarding legality
23.1
Consent of Morgan & Company, Chartered Accountants
23.2
Consent of Richardson & Patel LLP (included in Exhibit 5)
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Coquitlam, British Columbia, on this 9th day of June, 2003.
Ableauctions.com, Inc.
By: "Abdul Ladha" ______________________
Abdul Ladha, President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated:
Dated: June 9, 2003
"Abdul Ladha" ____________________
Abdul Ladha
President, and Chief Executive Officer
...
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