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: May 7, 1999.
Foxmoor Industries, Ltd.
(Exact Name of Registrant as specified in its charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-11333 84-0862501
(Commission File Number) (IRS Identification No.)
Suite 1250, 400 Burrard Street
Vancouver, British Columbia, Canada V6C 3A6
(Address of Principal Executive Office) (Postal Code)
604-683-5767
(Registrant's telephone number including area code)
3801 E. Florida Avenue, Suite 105, Denver, Colorado 80210
(Former Name or Former Address, if Changed Since Last Report)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) 99.1 Press Release dated May 7, 1999
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.
FOXMOOR INDUSTRIES, LTD.
Date: May 7, 1999 By: /s/ Roy Zanatta
Roy Zanatta, President
Effective May 6, 1999, Foxmoor Industries, Ltd. ("Foxmoor" or "the
Company") finalized a settlement of all claims by Foxmoor against its former
independent auditors, John M. Hanson & Company, P.C. and past and present
members of that firm ("Hanson"). Foxmoor's claims against Hanson arose from the
audits performed by Hanson of the Company's financial statements for several
years through fiscal year 1996. Hanson has vigorously denied Foxmoor's claims
and denied any liability to Foxmoor or its stockholders. Pursuant to the
settlement, Foxmoor is to receive $999,999. Foxmoor and Hanson have concluded
that the settlement is in the best interests of both Foxmoor and Hanson. Foxmoor
has concluded that further litigation of the claims against Hanson and its
members would be unjustified, and that the settlement is in the best interest of
Foxmoor. The Company is continuing to purse its claims against other persons and
entities including its former president, Mr. W. Ross C. Corace.
