UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DCD.C. 20549

FORM 8-K

CURRENT REPORT

~~Pursuant~~CURRENT toREPORT ~~Section~~PURSUANT TO SECTION 13 orOR 15 (d) ofOF ~~the~~

~~Securities~~THE ~~Exchange~~SECURITIES ~~Act~~AND ofEXCHANGE ACT OF 1934

~~Date~~June 12, ~~of Report~~2006 ~~(Date of earliest event reported):~~

~~May~~Date ~~25,~~of ~~2005~~report (Date of earliest event reported)

YAK COMMUNICATIONS INC.

(Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in its ~~charter~~Charter)

Florida		0-33471		98-0203422
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

FLORIDA

300 Consilium Place, Suite 500 Toronto, Ontario, Canada		M1H 3G2
(Address of principal executive offices)		(Zip Code)

(State or Other Jurisdiction of

Incorporation or Organization)


0-33471		98-0203422
(Commission File No.)		(I.R.S. Employer Identification No.)

300 Consilium Place, Suite 500, Toronto, Ontario, Canada

(Address of Principal Executive Offices and Zip Code)

(647) 722-2752

(~~Registrant’s~~Registrants ~~telephone~~Telephone ~~number~~Number, ~~including~~Including ~~area~~Area ~~code~~Code)

~~Check~~N/A ~~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:~~

(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 (see General Instruction A.2. below):

¨	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~~Section 8 ~~2.02~~– ~~Results~~Other ofEvents ~~Operations and Financial Condition~~

~~On June 1, 2005, Yak Communications Inc~~Item 8.01 ~~issued~~Other aEvents ~~press release announcing its financial results for the fiscal quarter ended March 31, 2005. A copy of the press release is furnished as Exhibit 99.1 to this report.~~

InThe ~~accordance~~Board ~~with~~of ~~General~~Directors ~~Instruction~~(the ~~B.2~~“Board”) of ~~Form~~Yak ~~8-K~~Communications Inc., a Florida corporation (the ~~information~~“Company”) inhas ~~this~~determined ~~Current~~that ~~Report~~the onCompany ~~Form~~should ~~8-K,~~explore ~~including~~various ~~Exhibit~~strategic ~~99.1,~~alternatives ~~shall~~available ~~not~~to bethe ~~deemed~~Company to be ~~“filed”~~maximize ~~for~~shareholder ~~purposes~~value. ofTo ~~Section~~oversee 18this ofprocess, the ~~Securities~~Board ~~Exchange~~has ~~Act~~established ofan Independent ~~1934~~Committee, asconsisting ~~amended~~solely of independent directors of the Board (the “~~Exchange Act~~Committee”). On June 12, or2006, ~~otherwise~~the ~~subject~~Board toheld ~~the~~a ~~liability~~meeting ofat ~~that~~which ~~section,~~it reviewed and ~~shall~~approved ~~not~~recommendations beof ~~incorporated~~the byCommittee ~~reference~~to ~~into~~the ~~any~~Board to, among ~~registration~~other ~~statement~~things, orreview, ~~other~~study, ~~document~~explore ~~filed~~and ~~under~~analyze ~~the~~various ~~Securities~~strategic ~~Act~~alternatives ofto ~~1933~~maximize its shareholder value including, aswithout ~~amended~~limitation, the potential sale of all or portions of the ~~Exchange~~Company’s ~~Act~~operations, ~~except~~and asto ~~shall~~engage bean ~~expressly~~investment banking ~~set~~firm ~~forth~~to byadvise ~~specific~~the ~~reference~~Board in ~~such~~this ~~filing~~regard. To date, no investment banking firm has been engaged.

~~Item~~The ~~3.01.~~Committee ~~Notice~~will continue its work under the mandate from the Board unless and until the authority of ~~Delisting~~the orCommittee ~~Failure~~is toterminated ~~Satisfy~~by athe ~~Continued~~Board. ~~Listing~~There ~~Rule~~can orbe ~~Standard; Transfer~~no assurance that any transaction will result from the Committee’s exploration of ~~Listing~~alternatives.

OnSection 9 ~~May~~– ~~25,~~Financial ~~2005,~~Statements the Company received formal notice from The Nasdaq Stock Market, Inc. (“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Marketplace Rule 4310(c)(14) based on the fact that its Form 10-Q for the quarter ended March 31, 2005 had not been timely filed with the Securities and ~~Exchange~~Exhibits ~~Commission.~~

As noted in Yak’s Notification of Late Filing on Form 12b-25 filed with the SEC on May 17, 2005, the Company had delayed the filing of its Form 10-Q for the fiscal quarter ended March 31, 2005, as a result of the Company’s decision to reconsider, and ultimately restate, certain historical financial statementsItem 9.01 OnFinancial ~~May~~Statements ~~31, 2005, the Company filed its Forms 10-Q for the fiscal quarters ended December 31, 2004~~ and ~~March 31, 2005~~Exhibits. In addition, the Company filed restated financial statements for its fiscal years ended June 30, 2003 and 2004, the first three fiscal quarters of 2004, and the first fiscal quarter of 2005 (ended September 30, 2004). The Company believes that it is now in compliance with all requirements for continued listing on The Nasdaq National Market; however, the Company must await confirmation from Nasdaq that it has deemed the Company in compliance.

~~Item~~(c) 7Exhibits.~~01. Regulation FD Disclosure.~~

~~On June 1, 2005, the Company issued a press release announcing the receipt of the Nasdaq letter~~None. ~~A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K.~~

~~Item~~SIGNATURES ~~9.01. Financial Statements and Exhibits.~~

~~(c)~~Pursuant ~~Exhibits:~~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.

Exhibit Number	Description
	Yak Communications Inc.
99.1	Yak Communications Inc. Press Release entitled “Yak Communications Reports Third Quarter Financial Results,” dated June 1, 2005.
Date: June 19, 2006	By:	/s/ Charles Zwebner
99.2	Yak Communications Inc. Press Release entitled “Yak Communications Issues Restated Financial Statements,” dated June 1, 2005.
	Name:	Charles Zwebner
	Title:	Chief Executive Officer

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	YAK COMMUNICATIONS INC.
June 1, 2005	By:	/s/ Charles Zwebner
		Charles Zwebner
		President & Chief Executive Officer

Exhibit Number		Description
99.1		Yak Communications Inc. Press Release entitled “Yak Communications Reports Third Quarter Financial Results,” dated June 1, 2005.
99.2		Yak Communications Inc. Press Release entitled “Yak Communications Issues Restated Financial Statements,” dated June 1, 2005.

Filing Compare · YAK COMMUNICATIONS INC