Form 12b-25
[As last amended in Release No. 34-35113,
December 19, 1994, 59 F.R.67742.]
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One):
[ X ]Form 10-K [ ] Form 20-F [ ]Form 11-K [ ]Form N-SAR
For Period Ended: MAY 31, 1995
[ ] 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 Items(s) to which the notification relates.
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Part I - Registrant Information
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Full name of Registrant CRESTED CORP.
Former Name if Applicable
Address of Principal Executive Office (Street and Number)
877 NORTH 8TH WEST
City, State and Zip Code
RIVERTON, WY 82501
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Part II - Rules 12b-25(b) and (c)
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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 II
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 or Form N-SAR,
[X] 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K, 20-F,
11-K, 10-Q, N-SAR or the transition report or portion thereof,
could not be filed within the prescribed time period.
As a direct result of work needed to be performed for the
final submissions required to be made in August 1995 by the
Registrant in its litigation and arbitration proceedings against
Nukem, Inc. et al, the Registrant's staff has been unable to finish
the Form 10-K Report and file the Report on EDGAR. The subject
litigation and arbitration proceedings have been reported in 1934
Act filings for the past three years.
In addition, this is the Registrant's first filing under
EDGAR. The Registrant's EDGAR experience to date indicates that
filing (not preparation) time for the Form 10-K Report will be 5
working days, commencing after the Form 10-K Report is completed.
Because of the foregoing two factors, the Registrant will be
unable to file the fiscal 1995 Form 10-K Report by its August 29,
1995 due date. The Registrant believes that no portion of the Form
10-K Report should be filed without it being complete.
The Registrant will file the Form 10-K Report on or before
September 13, 1995.
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Part IV - Other Information
_____________________________________________________________________
(1) Name and telephone number of person to contact in regard
to this notification.
STEPHEN E. ROUNDS (303) 377-6997
(2) Have all other period 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
reports(s).
[ X ]Yes [ ]No
(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 Registrant estimates fiscal 1995 will show a net
consolidated loss of approximately $1.3 million, compared to a
consolidated net loss of $1.7 million in fiscal 1994. Explanation
of the components of the fiscal 1995 earnings results will be
disclosed in the MD&A filed with the 1995 Form 10-K Report.
CRESTED CORP.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 30, 1995 By: s/ Daniel P. Svilar
___________________ ____________________________________
Daniel P. Svilar,
Secretary
