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 (Date of Earliest Event Reported)
December 24, 1996
PRINCETON AMERICAN CORPORATION
(Exact Name of Registrant as Specified in its Charter)
0-5141
(Commission File Number)
Nevada 22-1848644
(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)
2222 East Camelback Road, Suite 200, Phoenix, AZ 85016
(Address of principal executive office)
(602) 954 2600
(Registrant's Telephone Number, Including Area Code)
FORM 8-K
The Company announced that their auditors, Semple & Cooper
P.L.C., had resigned due to the Company's filing of Chapter 11
proceedings, as the auditors feel it would compromise their
independence.
SIGNATURES
Pursuant to the requirement 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.
PRINCETON AMERICAN CORPORATION
(Registrant)
By S/ DALE E. EYMAN
DALE E. EYMAN, Chairman and
and Chief Executive Officer
December 24, 1996