Form 12b-25
[As last amended in Release No. 34-35113,
December 19, 1995, 59 F.R.67742.]
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One):
[ X ]Form 10-K [ ] Form 20-F [ ]Form 11-K [ ]Form N-SAR
For Period Ended: May 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 Attached Instruction Sheet 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 Items(s) to which the notification relates.
______________________________________________________________________
Part I - Registrant Information
______________________________________________________________________
Full name of Registrant RUBY MINING COMPANY
Former Name if Applicable
Address of Principal Executive Office (Street and Number)
877 NORTH 8TH WEST
City, State and Zip Code
RIVERTON, WY 82501
______________________________________________________________________
Part II - Rules 12b-25(b) and (c)
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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 II of this
form could not be eliminated without unreasonable effort or
expense;
(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
or 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K, 20-F,
11-K, 10-Q, N-SAR or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Registrant's affiliate, U.S. Energy Corp., is responsible for
the preparation and filing of the Registrant's 34 Act filings. As
a direct result of work needed to be performed for the final
submissions required to be made in August 1995 by U.S. Energy in
its litigation and arbitration proceedings against Nukem, Inc. et
al, U.S. Energy's staff has been unable to finish the Form 10-KSB
Report and file the Report on EDGAR. The subject litigation and
arbitration proceedings have been reported in U.S. Energy Corp.'s
1934 Act filings for the past three years.
In addition, this will be the Registrant's first EDGAR filing.
U.S. Energy's EDGAR experience to date indicates that filing (not
preparation) time for the Form 10-KSB Report will be 2 working
days, commencing after the Form 10-KSB Report is completed.
Because of the foregoing two factors, the Registrant will be
unable to file the fiscal 1995 Form 10-KSB Report by its August 29,
1995 due date. The Registrant believes that no portion of the Form
10-KSB Report should be filed without it being complete.
The Registrant will file the Form 10-KSB Report on or before
September 13, 1995.
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Part IV - Other Information
______________________________________________________________________
(1) Name and telephone number of person to contact in regard to
this notification.
STEPHEN E. ROUNDS (303) 377-6997
(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 report(s) been filed? If the answer is no, identify
reports(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
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
RUBY MINING COMPANY
_______________________________________________________
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 30, 1995 By: s/ John L. Larsen
___________________ ____________________________________
John L. Larsen, President
