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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) August 11, 2000
KALAN GOLD CORPORATION
(Exact name of registrant as specified in its chapter)
COLORADO 0-25658 84-1357927
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Suite 11.02, 11th Floor, No. 1 Jalan 19/3
46300 Petaling Jaya, Selangor, Malaysia
(Address of principal executive offices)
Registrant's telephone number, including area code 011 603 756-7026
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On August 11, 2000, Arthur Andersen & Co, the Registrant's
independent public accountants for the Registrant's last fiscal year
ended December 31, 1999, resigned.
On August 11, 2000, the Registrant engaged the accounting firm
of CH Yap & Co as the Registrant's independent public accountants to
replace the firm of Arthur Andersen & Co. This change of independent
accountants was approved by the Board of Directors of the Registrant.
Arthur Andersen & Co's report dated June 28, 2000 on the
Registrant's financial statements for the year ended December 31, 1999
did not contain an adverse opinion or a disclaimer of opinion and was
not qualified or modified as to uncertainty, audit scope or accounting
principles, except that its report included a paragraph relating to
the Registrant's ability to continue as a going concern. There were no
disagreements with Arthur Andersen & Co. during such fiscal year or
the subsequent interim period on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or
procedure, which disagreement, to the extent not resolved to the
satisfaction of Arthur Andersen & Co., would have caused that firm to
make reference in connection with its reports to the subject matter of
the disagreement or any reportable event.
At the conclusion of its audit of the Registrant's financial
statements for the year ended December 31, 1999, Arthur Andersen & Co.
provided a letter to the Registrant which described a material
weakness in the Registrant's internal control structure. Specifically,
Arthur Andersen & Co. recommended that the Registrant acquire
additional expertise with respect to generally accepted accounting
principles in the United States and the reporting requirements of the
United States Securities and Exchange Commission. Arthur Andersen &
Co. further informed the Registrant that this matter was considered by
Arthur Andersen & Co. during its audit and it does not modify the
opinion expressed in Arthur Andersen & Co.'s auditor's reports dated
May 15, 2000 and June 28, 2000. There were no other reportable events.
The Registrant is in the process of reviewing its policies and
procedures over accounting and reporting with a view to addressing the
concerns raised by Arthur Andersen & Co.
The Registrant has requested that Arthur Andersen & Co.
furnish it with a letter addressed to the Commission stating whether
it agrees with the above statement. A copy of such letter, dated
August 15, 2000, is filed as Exhibit 16 to this Form 8-K. The
Registrant has also provided CH Yap & Co. with a copy of this report
prior to its filing with the Commission. CH Yap & Co had no additional
information or comments to address to the Commission in response to
this item.
Item 5. OTHER EVENTS.
Paddie Bowie and Charles Pollard resigned from their positions
as directors of the Registrant on August 5, 2000 and August 14, 2000,
respectively.
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Item 7 (c). EXHIBITS
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NUMBER EXHIBIT
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16 Letter of Registrant's independent public accountants, Arthur Andersen & Co.
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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 hereunto duly authorized.
KALAN GOLD CORPORATION
(Registrant)
Date: August 15, 2000 By: /s/ PATRICK SOON-HOCK LIM
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Patrick Soon-Hock Lim
President and Chief Executive Officer
