Microsoft Word 10.0.6612;{00031068.RTF;1}
                       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): May 13, 2004



                        International DisplayWorks, Inc.
                        --------------------------------
             (Exact name of registrant as specified in its charter)



            Delaware                     0-27002             94-3333649
            --------                     -------             ----------
(State or other jurisdiction of     (Commission File      (I.R.S. Employer
 incorporation or organization)         Number)           Identification No.)



                           599 Menlo Drive, Suite 200
                            Rocklin, California 95765
                                 (916) 415-0864
                                 --------------
          (Address and telephone number of principal executive offices)

<PAGE>

ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

     On May 13, 2004,  International  DisplayWorks,  Inc. (the "Company") signed
agreements  with  institutional  investors  for a  private  financing  to  raise
approximately  $20,250,000,  4,500,000 shares of restricted  common stock.  Roth
Capital  Partners,  LLC is acting as the  placement  agent for the financing and
will  receive an eight (8%) fee based on gross  proceeds.  The  financing  was a
straight  equity  financing  and  the  terms  did  not  contain  any  re-pricing
provisions.  The  Company  will  use  the  net  proceeds  for  the  purchase  of
manufacturing  equipment to expand its  products,  to repay certain debt and for
the implementation of its strategic operating plans. The Company anticipates the
closing within ten (10) days.

     The terms of the private  financing are set forth in the form of Securities
Purchase Agreement,  attached as Exhibit 10.1 and Registration Rights Agreement,
attached as Exhibit 10.2. Under the terms of the Securities  Purchase  Agreement
and Registration  Rights Agreement,  the Company agreed to prepare and file with
the Securities and Exchange  Commission a  registration  statement  covering the
resale of the securities.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)      Exhibits

         Exhibit Number    Description
         --------------    -----------

             10.1          Form of Securities Purchase Agreement

             10.2          Form of Registration Rights Agreement

             99            Press Release Announcing $20 Million Dollar Private
                           Placement

                                       2
<PAGE>



                                    SIGNATURE

     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.

                                         INTERNATIONAL DISPLAYWORKS, INC.,
                                         a Delaware Corporation



Dated:  May 13, 2004                     /s/ Alan M. Lefko
                                         ---------------------------------------
                                         Alan M. Lefko,
                                         Vice President of Finance



























                                       3
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Microsoft Word 10.0.6612;{00031068.RTF;1}
                       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): May 13, 2004

                        International DisplayWorks, Inc.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

            Delaware                     0-27002             94-3333649
            --------                     -------             ----------
(State or other jurisdiction of     (Commission File      (I.R.S. Employer
 incorporation or organization)         Number)           Identification No.)

                           599 Menlo Drive, Suite 200
                            Rocklin, California 95765
                                 (916) 415-0864
                                 --------------
          (Address and telephone number of principal executive offices)
ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

     On May 13, 2004,  International  DisplayWorks,  Inc. (the "Company") signed
agreements  with  institutional  investors  for a  private  financing  to  raise
approximately  $20,250,000,  4,500,000 shares of restricted  common stock.  Roth
Capital  Partners,  LLC is acting as the  placement  agent for the financing and
will  receive an eight (8%) fee based on gross  proceeds.  The  financing  was a
straight  equity  financing  and  the  terms  did  not  contain  any  re-pricing
provisions.  The  Company  will  use  the  net  proceeds  for  the  purchase  of
manufacturing  equipment to expand its  products,  to repay certain debt and for
the implementation of its strategic operating plans. The Company anticipates the
closing within ten (10) days.

     The terms of the private  financing are set forth in the form of Securities
Purchase Agreement,  attached as Exhibit 10.1 and Registration Rights Agreement,
attached as Exhibit 10.2. Under the terms of the Securities  Purchase  Agreement
and Registration  Rights Agreement,  the Company agreed to prepare and file with
the Securities and Exchange  Commission a  registration  statement  covering the
resale of the securities.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)      Exhibits

         Exhibit Number    Description
         --------------    -----------

             10.1          Form of Securities Purchase Agreement

             10.2          Form of Registration Rights Agreement

             99            Press Release Announcing $20 Million Dollar Private
                           Placement

                                       2
SIGNATURE

     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.

                                         INTERNATIONAL DISPLAYWORKS, INC.,
                                         a Delaware Corporation

Dated:  May 13, 2004                     /s/ Alan M. Lefko
                                         ---------------------------------------
                                         Alan M. Lefko,
                                         Vice President of Finance

                                       3