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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25/A
AMENDMENT NO.1
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-16740
CUSIP NUMBER
660461104
(Check One): [X]Form 10-K []Form 20-F []Form 11-K []Form 10-Q [ ]Form N-SAR
For Period Ended: December 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 Instruction (on back page) 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:
Item 8. Financial Statements and Supplementary Data
PART I--REGISTRANT INFORMATION
North Lily Mining Company
Full Name of Registrant
N/A
Former Name if Applicable
1800 Glenarm Place, Suite 210
Address of Principal Executive Office (Street and Number)
Denver, Colorado 80202
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)
(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, 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 of 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,
10-Q, N-SAR, or the transition report or portion thereof, could not be
filed within the prescribed time period.
See Accountant's Statement
(ATTACH EXTRA SHEETS IF NEEDED)
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PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Fay M. Matsukage 303 721-9495
(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 answer is no, identify
report(s).
[X] Yes [ ]No
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(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 net loss for the year ending December 31, 1995 is expected to be
approximately $600,000, as compared to a net loss of $2,000,000 for
the previous fiscal year.
North Lily Mining Company
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date April 12, 1996 By /s/Stephen E. Flechner
Stephen E. Flechner, 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).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of
the General Rules and Regulations under the Act. The information contained
in or filed with the form will be made a matter of public record in the
Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The form
shall be clearly identified as an amended notification.
5. Electronic Filers. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties.
Filers unable to submit a report within the time period prescribed due to
difficulties in electronic filing should comply with either Rule 201 or
Rule 202 of Regulation S-T (section 232.201 or section 232.202 of this
chapter) or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulation S-T (section 232.13(b) of this chapter).
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Accountant's Statement
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[Coopers & Lybrand letterhead]
April 12, 1996
Securities and Exchange Commission
Washington, D.C. 20549
USA
Dear Sirs:
NORTH LILY MINING COMPANY - FILE NO. 0-16740
We are the auditors for North Lily Mining Company (the Company). The Company
has filed on Form 12b-25 for a filing extension in respect of its annual
statement Form 10-K which is now due April 15, 1996.
We are in the process of completing our audit and have indicated to the Company
that we should be in a position to issue our 'Report of the Independent
Accountants' (our Report) by April 17, 1996. The delays in our issuing our
Report have resulted from delays in the receipt of certain third party
confirmations required as audit evidence and some delays due to the
unavailability of the audit manager for the Company as a result of
unanticipated and unavoidable other responsibilities.
Coopers & Lybrand, Vancouver, Canada is the office responsible for performing
the audit work for the Company (the performing office). Coopers & Lybrand
L.L.P., Oakland, California is responsible for signing the 'Report of
Independent Accountants' (the signing office). The 'Report of Independent
Accountants' will be signed by Coopers & Lybrand L.L.P., Oakland, California
in accordance with the Coopers & Lybrand International member firm guideline
for 'referring work and signing reports.'
In this regard, we have advised the Company that they should seek an additional
filing extension in respect of the Form 10-K as a result of our inability to
complete our audit and sign our Report by April 15, 1996.
Yours very truly,
/s/Coopers & Lybrand
J.H. Bowles
JHB:de
