-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MqkPZ2qxSsm6AM+x8MWtagaHlhDCzb5M8GeaL/rrZsm9QZyBlrQtsDeA0cltj/V4 qcZPmBxDJ1lzqqrAMGoS8Q== 0001144204-07-061130.txt : 20071114 0001144204-07-061130.hdr.sgml : 20071114 20071114134246 ACCESSION NUMBER: 0001144204-07-061130 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071114 DATE AS OF CHANGE: 20071114 EFFECTIVENESS DATE: 20071114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WITS BASIN PRECIOUS MINERALS INC CENTRAL INDEX KEY: 0000912875 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 841236619 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12401 FILM NUMBER: 071242965 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: SUITE 900 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: (612)349-5277 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: SUITE 900 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: ACTIVE IQ TECHNOLOGIES INC DATE OF NAME CHANGE: 20010702 FORMER COMPANY: FORMER CONFORMED NAME: METEOR INDUSTRIES INC DATE OF NAME CHANGE: 19960313 NT 10-Q 1 v093951_nt10-q.htm Unassociated Document

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 12b-25
 
Commission File Number: 001-12401

NOTIFICATION OF LATE FILING

(Check One):
  
o Form 10-K and Form 10-KSB
  
o Form 11-K
o Form 20-F
   
x Form 10-Q
  
o Form N-SAR
  

For Period Ended: September 30, 2007    

o Transition Report on Form 10-K and Form 10-KSB
  
o Transition Report on Form 10-Q and Form 10-QSB
o Transition Report on Form 20-F
  
o Transition Report on Form N-SAR
o Transition Report on Form 11-K
    

For the Transition Period Ended: ____________________________

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: Wits Basin Precious Minerals Inc.    
Former name if applicable:          
Address of principal executive office (Street and number): 80 South Eighth Street, Suite 900 
City, State and zip code: Minneapolis, MN 55402-8773      

 
1
 

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.)

   
(a)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense.
x
  
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th calendar day following the 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. Not applicable.

PART III
NARRATIVE

State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report or portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.)

The Company previously announced a proposed merger with Easyknit Enterprises Holdings Limited. Effective November 1, 2007, the Company terminated the proposed merger, which required significant resources to process. The Company’s independent registered public accounting firm of Carver Moquist & O’Connor, LLC, has had limited resources available to the Company during November 2007. Additionally, the Company itself has limited resources and staffing available to it, accordingly, the Company expects that it will be unable to file its Form 10-QSB for the quarterly period ended September 30, 2007 within the prescribed period. The delay could not have been avoided without undue hardship or expense.

PART IV
OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification:
 
Mark D. Dacko
(612) 349-5277
(Name)
(Telephone Number)

(2) 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 the answer is no, identify report(s). x Yes o No
 
 
2
 
 
(3) 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? o Yes x No

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.
 
Wits Basin Precious Minerals Inc. 
(Name of Registrant as Specified in Charter)
 
Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
 
     
 
 		  
 		  
 
Date: November 14, 2007 By:   /s/ Mark D. Dacko
 
Mark D. Dacko
  Chief Financial Officer
 
 
3
 
 -----END PRIVACY-ENHANCED MESSAGE-----