Sec Form 4 Filing - Pendinas Ltd @ SHOAL GAMES LTD. - 2018-06-08

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Pendinas Ltd 2. Issuer Name and Ticker or Trading Symbol SHOAL GAMES LTD. [ SGLDF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) BALLACARRICK, POOILVAAISH ROAD 3. Date of Earliest Transaction (MM/DD/YY) 06/08/2018 (Street) CASTLETOWN, Y8IM9 4PJ 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Warrants 06/08/2018 06/08/2018 O 716,465 A $ 0.5029 ( 1 ) 27,704,644 D

0 Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Warrants $ 0.5029 06/08/2018 06/08/2018 O 716,465 06/16/2017 06/15/2018 Common Stock 716,465 $ 0.5029 ( 1 ) D Warrants $ 0.5029 06/08/2018 06/08/2018 J 183,535 06/16/2017 06/15/2018 Common Stock 183,535 $ 0.5029 ( 2 ) 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Pendinas Ltd BALLACARRICK POOILVAAISH ROAD CASTLETOWN, Y8IM9 4PJ X Signatures /s/ G. Williams 06/13/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Pendinas Limited exercised 716,465 warrants at an exercise price of CAD$0.65 (Approximately US$0.5029) per warrant for 716,465 shares in Shoal Games Ltd. ( 2 )Pendinas Limited transferred 183,535 warrants to Mr. T. M. Williams who exercised the warrants at CAD$0.65 (approximately US$0.5029) per warrant.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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