Notification That Annual Report Will Be Submitted Late (nt 10-k)
August 29 2014 - 1:49PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 12b-25
NOTIFICATION OF LATE FILING
FORM 10-K FOR THE ANNUAL PERIOD ENDING May 31,
2014
PART I - REGISTRANT INFORMATION
U.S. Precious Metals, Inc
.
Full Name of Registrant
176 Route 9 North, Suite 306
Address of Principal
Executive Offices
(Street and Number)
Marlboro, New Jersey 07728
City, State and Zip
Code
PART II - Rule 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, Form 20-F, Form 11-K, Form N-SAR or Form
N-CSR, or portion
thereof, will be filed on or before the fifteenth
calendar day following the
[X] 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
State below in reasonable
detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not
be filed within the prescribed time period.
(Attach extra sheets
if needed)
U.S. Precious Metals,
Inc. (the “
Company
”) is filing this Form 12b-25 to report that it is unable to file its Annual Report on Form
10-K for the fiscal year ended May 31, 2014 within the prescribed time period without unreasonable effort or expense because the
financial statements could not be completed in time to timely file. The Company will file the Form 10-K by the extension date.
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PART IV - OTHER INFORMATION
(1) Name and telephone
number of person to contact in regard to this notification.
Gennaro
Pane, Chairman
(732) 851-7707
(Name) (Area
Code) (Telephone Number)
(2) Have all other
reports required to be filed 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 reports)
been filed?
Yes.
(3) Is it anticipated
that any significant change in results in 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?
No.
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U.S. Precious
Metals, Inc.
(Name of Registrant
as Specified in Charter)
has caused this notification
to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
August
29, 2014
By /s/
David Cutler
David
Cutler
Chief
Financial Officer