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FORM 12B-25
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SEC FILE NUMBER 000-23085
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CUSIP NUMBER 224071 10 0
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Check One) { }Form 10-K { }Form 20-F { }Form 11-K
{X}Form 10-Q { }Form N-SAR
For Period Ended: June 30, 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:
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Read Instruction (on back page) 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.
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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
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Full name of Registrant: COYOTE SPORTS, INC.
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Former name if Applicable:
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Address of Principal Executive Office (Street and Number): 2291 Arapahoe Ave.
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City, State and Zip Code: Boulder, CO 80302
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PART II - Rules 12-b-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 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, 11-K, 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 of
transition report on Form-10Q, 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.
{X} Yes { } No
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q, N-
SAR, or the transition report or portion thereof, could not be filed within the
prescribed time period. (Attach Extra Sheets if Needed)
On June 22, 1999, the merger agreement between the Company and Royal Precision
Inc. (RP) was terminated due to a material change in the business of the Company
resulting in an inability to obtain suitable replacement long-term debt
financing. Termination of the merger and the failure to obtain replacement
long-term financing has had a material adverse effect on the Company's business,
operating results and financial condition, that has led to certain notes payable
to be in default, the sale of certain assets and the sale of a business unit,
Cape Composites, and an involuntary filing for bankruptcy by Unifiber
Corporation ("Unifiber"), a wholly-owned subsidiary of the Company.
On August 4, 1999, the lender to Unifiber notified the Company that Unifiber was
in default of its loan agreement and that the remaining balance of $1,483,000,
plus accrued interest, was immediately due and payable. On August 5, Unifiber
permanently ceased operations and closed its doors. On August 12, 1999, an
Involuntary Petition for Chapter 7 bankruptcy on behalf of certain unsecured
creditors was filed against Unifiber.
As a result, the Company's 10-Q could not be filed without unreasonable effort
or expense and the Company has sought relief pursuant to Rule 12b-25(b).
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
John Paul McNeill 760 918-4106
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports 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 answer is no, identify
report(s). Yes [X] 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 statement to be included in the subject report or portion thereof? Yes
[ ] No [X]
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.
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Coyote Sports, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be singed on its behalf by the undersigned
hereunto duly authorized.
Date: August 16, 1999
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By: /s/ John Paul McNeill
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John Paul McNeill
Chief Financial Officer
INSTRUCTION: The form may be singed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
