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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 7, 1997 (June 27, 1997)
DRUMMOND FINANCIAL CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware
(State of Incorporation)
1-12212 95-4426690
(Commission File Number) (I.R.S. Employer
Identification No.)
Suite 1250, 400 Burrard Street V6C 3A6
Vancouver, British Columbia, Canada (Zip Code)
(Address of principal executive offices)
(604) 683-5312
(Registrant's telephone number, including area code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
The Registrant filed a current report on Form 8-K dated June 27, 1997 (the
"Form 8-K") to report the change in the Registrant's certifying accountant.
The Form 8-K is being amended to clarify that there were no disagreements with
the Registrant's former accountant as described in Item 304(a)(1)(iv) of
Regulation S-B and no relationship with its new accountant required to be
reported pursuant to Item 304(a)(2) of Regulation S-B for the interim period
from July 1, 1996 through June 27, 1997.
The Registrant and BDO Dunwoody ("BDO") have not, in connection with the audit
of the Registrant's financial statements for each of the prior two years ended
June 30, 1996 and 1995 or for any subsequent interim period through June 27,
1997, had any disagreement on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreement, if not resolved to BDO's satisfaction, would have caused BDO to
make reference to the subject matter of the disagreement in connection with its
reports.
The Registrant had no relationship with Davidson & Company, its newly appointed
independent accountant, required to be reported pursuant to Item 304(a)(2) of
Regulation S-B during the two fiscal years ended June 30, 1996 and 1995, or the
subsequent interim period through June 27, 1997.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
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16.1 Letter from BDO regarding its concurrence with the Registrant's
statement regarding change of accountants.
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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, thereunto duly authorized.
DRUMMOND FINANCIAL CORPORATION
By: /s/ Michael J. Smith
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Michael J. Smith, President
Date: July 7, 1997
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EXHIBIT INDEX
Exhibit No. Description
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16.1 Letter from BDO regarding its concurrence with the Registrant's
statement regarding change of accountants.
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(letterhead of BDO Dunwoody)
July 7, 1997
Securities and Exchange Commission
450, Fifth Street, N.W.
Washington, DC
20549
Dear Sirs:
We have read Item 4 of the Form 8-K/A dated July 7, 1997, of Drummond
Financial Corporation and are in agreement with the statements
contained in the second paragraph on page 2 therein. We have no basis
to agree or disagree with other statements of the Registrant contained
therein.
Yours truly,
\s\ BDO Dunwoody
David C. McEown, CA
