Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F ý Form
40-F ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
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Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No ý
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A.
Corgi
International Limited Announces Amendment to Existing Warrants, Exercise of
$1.84 million of Warrants on August 22, 2007, and Issuance of 184,427 Additional
Warrants
HONG
KONG
-- Corgi International Ltd, (Nasdaq GM: CRGI) a NASDAQ listed company, announced
today that the Company and its warrant holders amended the terms of the
1,070,654 warrants issued in December 2006 to reduce temporarily their exercise
price from $7.80 per share to $5.00 per share if exercised by August 22,2007. Any warrantholder exercising their warrants would be entitled
to receive a new warrant on substantially the same terms as the existing
warrants but with an exercise price of $6.00 per share. The terms of
any warrant not exercised by August 22, 2007 will remain unchanged.
Holders
of 368,863 warrants took advantage of the amendment and exercised such warrants
for approximately $1.844 million by August 22, 2007. The Company
issued 184,427 new warrants to such holders. The Company expects to file with
the SEC a registration statement for resale of the shares issued upon exercise
of the new warrants within 120 days of August 22, 2007.
About
Corgi International
Corgi
International develops and markets innovative, high-quality licensed and
unlicensed pop culture collectibles, gifts and toys ranging from high-end movie
and television prop replicas to lower price-point gifts and toys. The company
holds licenses for pop culture collectibles, gifts and toys for many of the
highest grossing film franchises of all time including Batman, Disney Classics,
Harry Potter, James Bond, Pirates of the Caribbean, Star Trek and Spiderman
3.
The company is headquartered in Hong Kong, with offices in Walnut Creek, CA
and
the United Kingdom.
“Safe
Harbor” Statement under the U.S. Private Securities Litigation Reform Act of
1995: Certain statements in contained herein may be
forward-looking. These statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
anticipated. Such risks and uncertainties include, without
limitation, changes in market demand for Corgi International products, changes
in economic conditions, dependence on certain customers and licensing partners,
and other risks described in the company's Registration Statement on Form
F-3/A filed with the Commission on June 20, 2007 and other filings with the
Commission. The company undertakes no obligation to update these
forward-looking statements to reflect subsequent events or
circumstances.
.
2
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, thereunto
duly authorized.
