<SEC-DOCUMENT>0001062993-13-003219.txt : 20130808
<SEC-HEADER>0001062993-13-003219.hdr.sgml : 20130808
<ACCEPTANCE-DATETIME>20130627151604
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001062993-13-003219
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Security Devices International Inc.
		CENTRAL INDEX KEY:			0001354866
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1101 PENNSYLVANIA AVE NW
		STREET 2:		6TH FLOOR
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20004
		BUSINESS PHONE:		647-388-1117

	MAIL ADDRESS:	
		STREET 1:		338 CHURCH STREET
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6J 1P1
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
   <TITLE>Security Devices International Inc.: SEC Correspondence - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=justify>June 27, 2013 </P>
<P align=justify>&nbsp;</P>
<P align=justify>Amanda Ravitz <BR>Securities and Exchange Commission <BR>100 F
Street, N.E. <BR>Washington, D.C. 20549 <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left><B>Re:</B> </TD>
    <TD align=left width="90%" ><B>Responses to the Securities
      and Exchange Commission</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%" ><B>Staff Comments dated May 24,
      2013, regarding</B> </TD></TR>
  <TR vAlign=bottom>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%"  ><STRONG>Security
      Devices International Inc. (the &#147;Company&#148;)</STRONG> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%" ><B>Amendment No. 2 to
      Registration Statement on Form S-1</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%" ><B>Filed May 9, 2013</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%" ><B>File No. 333-187138</B>
  </TD></TR></TABLE>
<P align=justify>Dear Ms. Ravitz: </P>
<P align=justify>This letter responds to comments from the staff (the &#147;Staff&#148;)
of the United States Securities and Exchange Commission set forth in the May 24,
2013 letter regarding the above-referenced Amendment No. 2 to Registration
Statement on Form S-1. Amendment No. 3 to the Registration Statement on Form S-1
filed on March 8, 2013 with the United States Securities and Exchange Commission
is being filed concurrently herewith (&#147;Amendment No. 3&#148;).</P>
<P align=justify>For your convenience, the Staff&#146;s comments are included below
and we have numbered our responses accordingly. Defined terms used herein but
not otherwise defined have the meaning ascribed to them in Amendment No. 3. </P>
<P align=justify>Our responses are as follows: <U>Prospectus Cover Page</U>
Staff Comment No. 1. </P>
<P style="MARGIN-LEFT: 5%" align=justify>We note your response to our comment 3
that U.S. investors&#146; funds may be collected by the company prior to the closing
of the offering, and we note your response to prior comment 10 that there will
be no escrow of funds collected from United States purchasers. Please state
explicitly on the cover page that the U.S. investors&#146; funds will not be
escrowed, disclose whether you intend to segregate the U.S. investors&#146; funds
from the company&#146;s own funds, and provide appropriate risk factor disclosure.
Provide similar cover page and, if necessary, risk factor disclosure, as to
whether U.S. investors&#146; funds will be returned in the event that the Canadian
minimum offering condition is not satisfied. Refer to Item 501(b)(8)(iii) of
Regulation S-K. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify>Mary Beth Breslin <BR>
June 27, 2013 <BR>Page 2 <BR></P>
<P align=justify>Security Devices International Inc.&#146;s Response: </P>
<P align=justify>The Company has determined that it will not offer or sell any
securities in the United States or to U.S. Persons under the Offering. As such,
we have removed disclosure regarding handling of United States investors&#146; funds
since none will be collected.</P>
<P align=justify>Staff Comment No. 2. </P>
<P style="MARGIN-LEFT: 5%" align=justify>We note your revisions in response to
previous comment 4; however, in light of the fact that (1) you are registering
the entire offering in the United States, and (2) the entire offering, including
the offers and sales occurring in the U.S., is conditioned on a minimum amount
being sold in Canada, it appears that the Canadian placement agent may be
participating in a distribution of the shares in the United States. Under
Section 2(a)(11) of the Securities Act, the term &#147;underwriter&#148; may include any
person who participates or has a direct or indirect participation in the
distribution of a security. Thus, the limitation of the placement agent&#146;s
selling efforts to Canada is not determinative as to whether the placement agent
is an &#147;underwriter&#148; of the U.S. offering. Please provide a detailed legal
analysis as to whether the placement agent should be considered an underwriter
within the meaning of Section 2(a)(11), citing all authority on which you rely.
</P>
<P align=justify>Security Devices International Inc.&#146;s Response: </P>
<P align=justify>In response to the Staff&#146;s comment, we have revised the
disclosure on the cover page and in the plan of distribution to state that the
Canadian Agent is acting as an underwriter for the Offering.</P>
<P align=justify>Staff Comment No. 3. </P>
<P style="MARGIN-LEFT: 5%" align=justify>Refer to our previous comment 7. Please
note that a statement that the offering will terminate &#147;not more than 180 days
from the date of the filing of the final prospectus in Canada&#148; is not sufficient
to satisfy the requirement to disclose the specific date on which the offering
will terminate. Please revise to disclose the specific date that the offering
will terminate. See Rule 501(b)(8)(iii) of Regulation S-K. Also, please clarify
how investors will be informed of any extension of the offering in the event the
minimum offering condition is not satisfied within 90 days of the filing of a
final prospectus in Canada or if an amendment to the final prospectus is filed
in Canada. </P>
<P align=justify>Security Devices International Inc.&#146;s Response: </P>
<P align=justify>In response to the Staff&#146;s comment, we have revised the
disclosure on the cover page and in the prospectus summary to state that the
Offering will terminate no later than December 27, 2013.</P>
<P align=center>* * * * * </P>
<P style="MARGIN-LEFT: 5%" align=justify>Security Devices International Inc.
hereby acknowledges that: </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify>Mary Beth Breslin <BR>
June 27, 2013 <BR>Page 3 <BR></P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>Security Devices International Inc. is responsible for the adequacy and
  accuracy of the disclosure in the filing. </P>
  <LI>
  <P>Staff comments or changes to disclosure in response to staff comments do
  not foreclose the Commission from taking any action with respect to the
  filing. </P>
  <LI>
  <P>Security Devices International Inc. may not assert staff comments as a
  defense in any proceeding initiated by the Commission or any person under the
  federal securities laws of the United States. </P></LI></UL>
<P align=justify>Thank you for your review of the filing. If you should have any
questions regarding the response letter, please do not hesitate to contact the
undersigned at (202) 756-1960 or Richard Raymer of Dorsey &amp; Whitney LLP at
(416) 367-7388. </P>
<P style="MARGIN-LEFT: 50%" align=justify>Sincerely, <BR>Security Devices
International Inc. </P>
<P style="MARGIN-LEFT: 50%" align=justify>/s/ Gregory Sullivan <BR>Gregory
Sullivan <BR>Chief Executive Officer <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>cc: </TD>
    <TD align=left width="95%" >Richard Raymer, Dorsey &amp;
      Whitney LLP </TD></TR></TABLE><BR>
<HR align=center width="100%" color=black noShade SIZE=5>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
