United States
Securities and Exchange Commission
Form 12b-25
SEC File No. 0-20879
CUSIP No. 55261N 10 7
NOTIFICATION OF LATE FILING
(Check One): X Form 10-K and Form 10-KSB Form 20-F Form 11-K
Form 10-Q and Form 10-QSB Form N-SAR
For Period Ended: August 31, 1999
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_ 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: ___________________________
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates.
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PART I: - REGISTRANT INFORMATION
PYR ENERGY CORPORATION
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Full Name of Registrant
MAR VENTURES, INC.
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Former Name if Applicable
1675 Broadway, Suite 1150
Denver, CO 80202
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Address of Principal Executive Office (Street and Number)
City, State and Zip Code
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)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or
portion thereof, will be filed on or before the fifteenth
X 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 5th
calendar day after the prescribed due date; and
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
<PAGE>
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.
Because of time demands caused by increased activities, the Company's
Annual Report on Form 10-KSB for the year ended August 31, 1999 could not be
filed without unreasonable effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Andrew P. Calerich (303) 825-3748
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(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 reports(s) been filed? If answer is no,
identity report(s)
X Yes No
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(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
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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 Company currently estimates that for the year ended August 31, 1999 it
incurred a net loss of approximately $1,140,000 as compared with a net loss of
$110,807 for the year ended Auugst 31, 1998. The increased loss reflects a gain
on sale of assets during the year ended August 31, 1998 and increased operations
of the Company during the year ended August 31, 1999, dry hole, impairment and
abandonment costs incurred in that year, and interest expense in connection with
the Company's convertible notes issued in November 1998.
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PYR ENERGY CORPORATION
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Name of Registrant as Specified in Charter
Date: November 29, 1999 By: /s/ Andrew P. Calerich
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Andrew P. Calerich, Chief Financial
Officer
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