CANTON INDUSTRIAL CORP
NT 10-Q, 1995-11-14
MISCELLANEOUS FABRICATED METAL PRODUCTS
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                                        UNITED STATES
                              SECURITIES AND EXCHANGE COMMISSION
                                    WASHINGTON, D.C.  20549
                                          FORM 12b-25

                  [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q

For Period Ended: September 30, 1995  . . . . . . . .     SEC FILE NUMBER I-9418
                                                         CUSIP NUMBERS 138219407
[ ]Transition  Report  on Form  10-K
[ ]Transition  Report  on Form 20-F
[ ]Transition Report on Form 11-K
[X]Transition Report on Form 10-Q
[ ]Transition Report on Form N-SAR
For Period Ended:   September 30, 1995



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: Entire Form 10-Q


Part I - Registrant Information

        Full Name of Registrant:               The Canton Industrial Corporation

        Former Name if Applicable                         N/A

        Address of Principal Executive Office:
               268 West 400 South
               Suite 300
               Salt Lake City, Utah  84101

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 From 10-K,  Form 2- F, 11-F, or From N-SAR,  or portion
               thereof will be filed on or before the fifteenth


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               calendar day  following the  prescribed  due date; or the subject
               quarterly  report or  transition  report on From 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 or N-SAR or portion  thereof could not be filed within the prescribed  time
period.

        The  Company is  currently  in final  negotiations  on certain  material
        transactions which became effective during the third quarter of 1995 and
        documentation  which will be required as an exhibit the quarterly report
        on Form  10-QSB,  including  EDGARization  of such documentation  is not
        complete at this time.

Part IV - Other Information

     (1) Name and  telephone  number  of  person  to  contact  in regard to this
notification.
               Steven A. Christensen       President           (801) 575-8073
                   (Name)                   (Title)           (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 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
               narrative  and  quantitatively,  and, if  appropriate,  state the
               reasons why a reasonable estimate of the results cannot be made -
               Corporate offices and management changes.



                             The Canton Industrial Corporation
                         (Name of Registrant as specified in Charter)

     has caused this  notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date:          November 14, 1995            By: /s/ Steven A. Christensen
               ------------------              ---------------------------
                                                President


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