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) July 23, 1996
CHAPARRAL RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-7261 84-0630863
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
621 Seventeenth Street, Suite 1301, Denver, Colorado 80293
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (303) 293-2340
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
(a) On July 23, 1996, the Company requested and received the resignation of
Grant Thornton LLP as the Company's principal independent accountants.
(b) There were no disagreements during the Company's two fiscal years ended
November 30, 1995, or any interim period subsequent thereto between the Company
and Grant Thornton LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure which, if not
resolved to the satisfaction of Grant Thornton LLP, would have caused Grant
Thornton LLP to make reference in its reports to the subject matter of such
disagreement.
(c) The opinions of Grant Thornton LLP on the Company's financial
statements for the fiscal years ended November 30, 1995 and 1994, contained no
adverse opinion or disclaimer of opinion, nor were such opinions qualified as to
uncertainty, audit scope or accounting principles, except that the opinion on
the Company's financial statements for the fiscal year ended November 30, 1995,
raised substantial doubt about the Company's ability to continue as a going
concern.
(d) The decision to change accountants was approved by the Company's Board
of Directors.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements--Not Applicable.
(b) Exhibits.
(16) Letter on Change in Certifying Accountant.
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SIGNATURES
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.
Date: July 23, 1996
CHAPARRAL RESOURCES, INC.
By /s/ Paul V. Hoovler
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Paul V. Hoovler, Vice President
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EXHIBIT INDEX
Exhibit Description Page No.
16 Letter on Change in Certifying Accountant 5
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Exhibit (16)
United States Securities and
Exchange Commission
450 Fifth Street, N.W.
Washington, D. C. 20549
Re: Chaparral Resources, Inc.
File No. 0-7261
Dear Sir or Madam:
We have read and agree with the comments in Item 4 of Chaparral Resources,
Inc.'s Current Report on Form 8-K dated July 23, 1996.
Very truly yours,
/s/ Grant Thornton LLP
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