UNITED STATES -----------------------
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 -----------------------
OMB NUMBER: 3235-0058
FORM 12B-25 EXPIRES: JUNE 30, 1994
ESTIMATED AVERAGE
NOTIFICATION OF LATE FILING HOURS BURDEN
PER RESPONSE.......2.50
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Commission File Number 333-8043
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: November 30, 1999
[X] 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: November 30, 1999
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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.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant
Silverado Gold Mines Ltd.
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Former Name if Applicable
Silverado Mines Ltd.
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Address of Principal Executive Office (Street and Number)
Suite 505, 1111 West Georgia Street
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City, State and Zip Code
Vancouver, British Columbia V6E 4M3
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PART II -- RULES 12B-25(B) AND (C)
If the subject report could not be filed without reasonable 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
[X] (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 Forms 10-K, 11-K, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.
Since the end of the registrant's fiscal year of November 30, 1999, a
significant Transaction has been entered into which is currently being asssessed
for its impact on the financial statements and the disclosures included in the
Annual Report on Form 10K. This transaction involves the conversion of the
Company's Grant Mill into a fossil fuel production plant in conjunction with the
University of Alaska, Fairbanks. The registrant is currently assesing the impact
of this and other transactions on its cash flow requirements for the coming
financial year. Furthermore, the registrant is in the process of making
financing arrangements, the outcome of which may impact this assessment. In
order to ensure that certain assets and liabilities are appropriately reflected
in the financial statements, the registrant is delaying the filing of its Annual
Report on Form 10K for the financial year ended November 30, 1999, beyond
February 28, 2000.
<PAGE>
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Garry Anselmo (604) 689-1535
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(Name) (Area Code) (Telephone Number)
(2) Have all other period 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.
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Silverado Gold Mines Ltd.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date February 25, 1999 By /s/ Garry L. Anselmo
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Garry L. Anselmo, C.E.O., C.F.O.
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
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INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
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