UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 1-4350
(Check One):
[X]Form 10-K [ ]Form 20-F [ ]Form 11-K [ ]Form 10-Q [ ]Form N-SAR
For Period Ended: December 31, 1997
[ ]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:
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 check above, identify
the Item(s) to which the notification relates: Not Applicable.
PART I - REGISTRANT INFORMATION
Royal Oak Mines Inc.
- -------------------------
(Full Name of Registrant)
C/O Royal Oak Mines (USA)
5501 Lakeview Drive
- -----------------------------------------------------------
(Address of Principal Executive Office - Street and Number)
Kirkland, Washington 98033-7314
- -------------------------------
(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.)
[X] (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 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
[X] (c)The accountant's statements or other exhibit required by Rule 12b-
25(c) has been attached if applicable.
See Exhibit 99.1.
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K and Form 1-KSB,
20-F, 11k, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
Registrant is unable to file Form 10-K for the year ending December 31, 1997
because its accountants are not presently in a position to express an opinion
on the Registrant's financial statements as of December 31, 1997.
PART IV - OTHER INFORMATION
(1)Name and telephone number of person to contact in regard to this
notification.
James H. Wood (425) 822-8992
- ------------- ----------- -------------------
(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) been filed? If the answer is
no, identify reports.
[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.
See Exhibit 99.2.
<PAGE>
ROYAL OAK MINES INC.
--------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 31, 1998
By: /s/ James H. Wood
-----------------------
James H. Wood
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 Letter dated March 30, 1998 from Arthur Andersen & Co. to
Registrant. (Filed herewith.)
99.2 Text of Press Release issued by Registrant dated March 31, 1998.
(Incorporated by reference to Exhibit 99.1 of Registrant's Form 8-K filed on
March 31, 1998.)
<PAGE>
EXHIBIT 99.1
Arthur Andersen & Co. Letterhead
Arthur Andersen & Co.
Chartered Accountants
Suite 2000
401 West Georgia Street
Vancouver BC V6B 5A1
604 688 8111
604 688 5205 Fax
March 30, 1998
Mr. Jim Wood
Chief Financial Officer
Royal Oak Mines Inc.
5501 Lakeview Drive
Kirkland, WA 98033
Dear Jim:
Re: Form 10-K for Year Ended December 31, 1997
We are writing to you in connection with the Company's filing of Form 10-K
for the year ended December 31, 1997.
The Company is in the process of completing (but has not yet completed) a
crucial refinancing which has substantial impact on the presentation of the
Company's financial statements as of December 31, 1997. Accordingly, we are
not presently in a position to express an opinion on the Company's financial
statements as of December 31, 1997.
This letter is restricted to use in connection with the Company's
notification of the SEC of its inability to timely file its Form 10-K.
Yours very truly,
Arthur Andersen & Co.
By: /s/Olin Anton
-------------
Olin Anton
