SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): MARCH 27, 1997
NORTH LILY MINING COMPANY
(Exact name of registrant as specified in its charter)
UTAH 0-16740 87-01593350
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
1800 GLENARM PLACE, SUITE 210, DENVER, COLORADO 80202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 294-0428
NOT APPLICABLE
(Former name or former address, if changed since last report)
Exhibit index on consecutive page 2 Page 1 of 4 pages
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not Applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
On March 27, 1997, the registrant engaged Wheeler Wasoff, P.C.
to audit its financial statements for the fiscal year ended
December 31, 1996. During the registrant's two most recent
fiscal years and the subsequent interim period preceding the
engagement of this firm, the registrant did not consult this
firm regarding any of the matters identified in Item 304(a)(2)
of Regulation S-K.
Coopers & Lybrand L.L.P. audited the registrant's financial
statements for each of the years ended December 31, 1994 and
1995. The report on such financial statements contained an
explanatory paragraph regarding the registrant's ability to
continue as a going concern. The decision to change auditors
was approved by the board of directors. During the
registrant's two most recent fiscal years and the subsequent
period preceding the engagement of Wheeler Wasoff, P.C., there
were no disagreements with Coopers & Lybrand L.L.P. on any
matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of that
firm, would have caused it to make reference to the subject
matter of the disagreements in connection with its report.
ITEM 5. OTHER EVENTS.
Not Applicable
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not Applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired:
Not applicable
(b) Pro forma financial information: Not applicable
Page 2 of 4 pages
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(c) Exhibits:
<CAPTION>
REGULATION CONSECUTIVE
S-K NUMBER DOCUMENT PAGE NUMBER
<S> <C> <C>
16.1 Letter from Coopers & Lybrand, L.L.P. 4
</TABLE>
ITEM 8. CHANGE IN FISCAL YEAR.
Not Applicable
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
Not applicable.
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.
NORTH LILY MINING COMPANY
Date: March 31, 1997 By:/s/Stephen E. Flechner
Stephen E. Flechner
President
14:03-27-97.8-k
Page 3 of 4 pages
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[Coopers & Lybrand L.L.P. Letterhead]
March 31, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by North Lily Mining Company, copy attached,
which we understand will be filed with the Commission, pursuant to Item 4 of
Form 8-K, as part of the Company's Form 8-K report for the month of March, 1997.
We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
