FORM 12b-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K or Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q or
Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 1999
[ ] Transition Report on Form 10-K or Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q [or Form 10-QSB]
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Commission File Number: 000-24366
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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:
Part I - Registrant Information
Full Name of Registrant: Goran Capital Inc.
Former Name If Applicable: N/A
Address of Principal Executive Office: 181 University Avenue, Suite 1101
City, State and Zip Code: Toronto, Ontario Canada M5H 3M7
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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.)
[X] (a) The reasons described in reasonable detail in Part III 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 or Form 10-KSB, 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 Form 10-QSB], 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 the Rule 12b-25
(c) has been attached if applicable.
Part III - Narrative
The Company's financial statements and related disclosures as of and for the
quarter ended March 31, 1999, are in the final stages of completion. The delay
in completion is caused in part by the late filing of the 1998 Form 10-K (filed
on April 13, 1999), coupled with the recent hiring of a new Chief Financial
Officer for the Company (April 19, 1999). Final completion of the Form 10-Q is
expected shortly and within the extended due date.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Alan G. Symons 317 259-6302
Chief Executive Officer
Thomas R. Kaehr 317 259-6414
Vice President and Chief Financial Officer
(2) Have all other periodic reports required under [X] YES [ ] NO
Section 13 or 15(d) of the Securities Exchange Act
of 1934 of 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 answer is no
identify report(s).
(3) Is it anticipated that any significant change in [ ] YES [X] NO
results of operation 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? 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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GORAN CAPITAL INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
May 17, 1999 By: /s/ Alan G. Symons
Chief Executive Officer
May 17, 1999 By: /s/ Thomas R. Kaehr
Vice President and Chief Financial Officer
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