SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-17232
NOTIFICATION OF LATE FILING
(Check One): Form 10-K[ ]
Form 11-K[ ]
Form 20-F[ ]
Form 10-Q [X]
Form N-SAR
For Period Ended: March 31, 2000
---------------------------------
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
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 Item(s) to which the notification relates:
- - -----------------------------------------------------------------------------
Part I. Registrant Information
Full name of registrant: Capital Reserve Corporation
- - ------------------------------------------------------------------------------
Former name if applicable: Not Applicable.
----------------------------------------------------------------------------
Address of principal executive office (Street and number)
335 25th Street, S.E.
- -------------------------------------------------------------------------------
City, State and Zip Code Calgary, Alberta T2A 7H8 Canada
- -------------------------------------------------------------------------------
Part II. Rule 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 appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th 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.
Part III. Narrative
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
The Form 10-QSB for the quarter ended March 31, 2000 will not be submitted by
the deadline due to a situation where the workload exceeded available personnel.
Certain events and activities during and subsequent to the end of the reporting
period required the reallocation of time normally used for the preparation of
the report. The Registrant was unable to complete analysis of all financial
and non-financial information needed to be included in the report.
- - -----------------------------------------------------------------
Part IV. Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
W. Scott Lawler, Esq. 403-204-0260
- - -----------------------------------------------------------------
(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 report(s) been filed?
If the answer is no, identify report(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?
[ ] Yes [ X ] 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.
Capital Reserve Corporation
- - -----------------------------------------------------------------
(Name of registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 15, 2000, By: /s/ W. Scott Lawler
Name: W. Scott Lawler
Title: President
Instruction. The form may be signed 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.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
