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): June 6, 2013
ABAKAN INC.
(Exact name of registrant as specified in its charter)
Nevada
000-52784
98-0507522
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
2665 S. Bayshore Drive, Suite 450, Miami, Florida 33133
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (786) 206-5368
n/a
(Former name or former address, if changed since last report.)
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:
□
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
□
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM 8.01
OTHER EVENTS
Abakan, Inc. (“Abakan”) and Stratton S.A. (“Stratton”) initiated legal proceedings against First Canadian
Capital Corp. (“First Canadian”) on December 10, 2012, in the Circuit Court of the 6th Judicial Circuit In
and For Pinellas County, Florida. The claim was based on First Canadian’s alleged failure to perform
according to the terms of a consulting agreement dated December 1, 2011, pursuant to which First
Canadian was to provide services aimed at raising investor awareness, attracting investment and
identifying prospective financial parties in exchange for a monthly cash fee and Abakan shares. Abakan
and Stratton sought the return of the 56,000 shares proffered or in the alternative for a judgment in an
amount to be ascertained in excess of $1,000,000 for the fair market value of the shares.
On May 8, 2013, Abakan and Stratton entered into a settlement agreement with First Canadian pursuant
to which 51,000 of the 56,000 shares proffered to First Canadian were to be cancelled. The 51,000 shares
were subsequently cancelled and returned to Abakan’s authorized common stock. On June 6, 2013,
counsel for Abakan and Stratton filed a notice of voluntary dismissal with prejudice of the lawsuit.
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.
Abakan Inc.
Date
By: /s/ Robert H. Miller
June 12, 2013
Name: Robert H. Miller
Title: Chief Executive Officer
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