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): November 20, 2006
GAMMACAN
INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or
other jurisdiction of incorporation)
0-32835
(Commission
File Number)
33-0956433
(IRS
Employer Identification No.)
39
Jerusalem St.
Kiryat
Ono 55423 Israel
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code: 972
3 7382616
(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:
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 CFR
240.14a-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
240.13e-4(c))
|
Item
1.01
|
Entry
into a Material Definitive Agreement.
|
Item
2.03
|
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
|
On
November 20, 2006, GammaCan International, Inc. (the “Company”) received a loan
in the aggregate principal amount of $350,000 from Professional Trading Services
SA.
In
connection with this loan the Company issued a convertible promissory note,
which bears interest at 8% and matures on November 20, 2007. At the discretion
of the lender, in the event that the Company debt or equity financing during
the
12 month period following the issuance of the note, the principal and interest
due under the note is convertible on the same terms as such
financing.
Item
9.01
|
Financial
Statements and Exhibits
|
Exhibit
No.
|
Description
|
|
|
4.1
|
8%
Convertible Promissory Note issued November 20,
2006
|
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
|
|
GAMMACAN
INTERNATIONAL, INC.
|
|
|
|
|
By: |
/s/ Patrick
Schnegelsberg |
|
Patrick
Schnegelsberg
|
|
|
|
Date:
November 22, 2006
|