SILVER ASSETS INC
15-15D, 2000-10-23
CRUDE PETROLEUM & NATURAL GAS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                     FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                                                  Commission File Number: 0-8425
                                                                          ------

                               SILVER ASSETS, INC.
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             (Exact name of registrant as specified in its charter)

999 West Hastings Street, #1180, Vancouver, B.C.  V6C 2W2 (604)689-3846
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   (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                          Common Stock, $.001 par value
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            (Title of each class of securities covered by this Form)

                                      N/A
--------------------------------------------------------------------------------
   (Titles of all other classes of securities for which a duty to file
      reports under section 13(a) or 15(d) remains)

         Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

         Rule 12g-4(a)(1)(i)   [ ]             Rule 12h-3(b)(1)(i)    [ ]

         Rule 12g-4(a)(1)(ii)  [X]             Rule 12h-3(b)(1)(ii)   [ ]

         Rule 12g-4(a)(2)(i)   [ ]             Rule 12h-3(b)(2)(i)    [ ]

         Rule 12-4(a)(2)(ii)   [ ]             Rule 12h-3(b)(2)(ii)   [ ]

                                               Rule 15d-6             [ ]

         Approximate number of holders of record as of the certification or
notice date: 1

         Pursuant to the requirements of the Securities Exchange Act of 1934
(NAME OF REGISTRANT AS SPECIFIED IN CHARTER) has caused this
certification/notice to be signed on its behalf by the undersigned duly
authorized person.

Date:    October 17, 2000                   By: /S/ Robert A. Quartermain
       --------------------                     --------------------------------
                                                Robert A. Quartermain, President




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