SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 001-03753
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 11-K
[ ] Form 20-F [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 2000
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: ______________________
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates: Not applicable
Part I
Registrant Information
Full name of registrant: United Park City Mines Company
Former Name if Applicable: Not applicable
Address of principal executive office (Street and number): P.O. Box 1450
City, state and zip code: Park City, Utah 84060
<PAGE>
PART II
RULES 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate).
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following
the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
Part III
Narrative Response
State below in reasonable detail the reasons why Form 10-K, 10-KSB,
20-F, 11-K, 10-Q, 10-QSB, N-SAR or the transition report or portion thereof
could not be filed within the prescribed period.
United Park City Mines Company, due to the need to more reasonably
determine the status of the Company's development business with a third party,
could not file the 10-QSB on November 14, 2000. The determination will impact
both the Consolidated Balance Sheet and Consolidated Statement of Operations.
Part IV
Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Michael Salmond (435) 649-8011
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
<PAGE>
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
The most significant change relates to the discontinued operation of
the Silver Mine Adventure during the third quarter of 1999. The Company reported
losses from discontinued operation of $5,924,736 and $6,276,297, for the three
month period and nine month period ending September 30, 1999. The Company has no
discontinued items in 2000.
The major change associated with year 2000 continued operations when
compared with 1999 is real estate sales. During the quarter ended September 30,
2000 Blue Ledge sold three lots for a profit of $1,232,424 or 69% of gross sale
price. During the same period in 1999 three lots were sold for a gross profit of
$633,753 or 65% of gross sales price. Blue ledge nine month total lot sales
amounted to six lots for the year 2000 with a profit of $1,962,730 or 67% of the
gross sales price and three lots for the year 1999 with a profit of $569,220 or
58% of the gross sales price.
The Consolidated Statement of Operations for September 30, 2000 could
not be estimated because the Company is unable to reasonably determine the
probability or appropriate need to recognize approximately $95,000 as an expense
as of the filing date, November 14, 2000.
United Park City Mines Company
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated November 15, 2000 By /s/ Michael Salmond
-------------------
Michael Salmond, Chief Financial Officer
