Notification That Annual Report Will Be Submitted Late (nt 10-k)
October 30 2019 - 5:23PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
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x Form 10-K
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¨ Form 20-F
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¨ Form 11-K
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¨ Form 10-Q
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¨ Form 10-D
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¨ Form N-SAR
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¨ Form N-CSR
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For Period Ended: July 31, 2019
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¨ Transition Report on Form 10-K
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¨ Transition Report on Form 20-F
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¨ Transition Report on Form 11-K
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¨ Transition Report on Form 10-K
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¨ Transition Report on Form N-SAR
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For the Transition Period Ended: ____________________
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Read Instructions (on back page) Before Preparing Form. Please Print or Type.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.
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:
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iMINE Corporation
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Address of principal executive office:
City State and ZIP Code:
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8520 Allison Point Blvd Ste. 223 #87928
Indianapolis, Indiana 46250
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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)
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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x
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(b)
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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 prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountant's statement or other exhibit required by Rule 12(b)-25(c) has been attached if applicable.
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PART III -- NARRATIVE
State below in reasonable detail the reasons why the Form 10-K could not be filed within the prescribed time period.
Prior to March 16, 2018, we were engaged in the development of mining assets. We never generated any revenue from this business and all of the assets associated with the mining business have been fully reserved against and have no value.
On March 16, 2018, we had a change in management, with the resignation of our sole director and chief executive officer and our chief financial officer, and the appointment of a new director and chief executive officer, who became our sole executive officer and director. With the change of management, we changed our business. Our business plan was the selling of computer equipment which can be used for the mining of cryptocurrency. As a result of the decline in the price of cryptocurrency, which made the purchase of our equipment uneconomical, in April 2019, we discontinued that business, which will be reflected as a discontinued operation and had a change in management, and our sole officer and director resigned. We were not able to develop any new business or make an acquisition, and in August 2019 we had a further change in our management, and the sole officer and director resigned. We continue to be in the process of evaluating potential business opportunities, although we cannot assure you that we will be able to acquire or commence profitable operations. Because of the status of our business and our lack of accounting personnel, we were unable to file the Form 10-K within the prescribed time period.
PART IV -- OTHER INFORMATION
(1)
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Name and telephone number of person to contact in regard to this notification:
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Jose Maria Eduardo Gonzalez Romero
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877-464-6388
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Name
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Telephone Number
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(2)
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Have all other periodic reports required 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 report(s) been filed? If answer is no, identify report(s). x Yes ¨ No
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(3)
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Is it anticipated that any significant change in results of 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? x Yes ¨ No
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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.
The registrant’s report on Form 10-K for the year ended July 31, 2019 cannot be filed within the prescribed time period because the registrant requires additional time for compilation and review of its financial statements.
We have generated no revenues since inception.
For the year ended July 31, 2019, the Company anticipates, based on preliminary financial information, that it will report a loss of approximately $60,000, or ($0.00) per share (basic and diluted). The loss principally reflects professional fees relating to the Company’s SEC filings. For the year ended July 31, 2018, the Company incurred a loss of approximately $1.8 million, or (0.03) per share (basic and diluted).
Cautionary Note on Forward-Looking Statements
This notification contains or may contain, among other things, certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control). The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
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iMINE Corporation
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(Name of Registrant as Specified in Charter)
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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 30, 2019
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/s/ Jose Maria Eduardo Gonzalez Romero
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Jose Maria Eduardo Gonzalez Romero
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Chief Executive Officer
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