-----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, THhDKAamGdNdsshFAMDer/yH/n17UZ3r2WiIbjGIen4tZgRhrjqg6f0wTDNFDRfY rM1MDqLXYEdmKSwgOg+RTA== 0001144204-09-027236.txt : 20090515 0001144204-09-027236.hdr.sgml : 20090515 20090515133934 ACCESSION NUMBER: 0001144204-09-027236 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090515 DATE AS OF CHANGE: 20090515 EFFECTIVENESS DATE: 20090515 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: 09831257 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 v149544_nt10q.htm

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:
                       March 31, 2009                                        

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


 
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.
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 the consummation of a joint venture transaction, effective March 17, 2009, for certain mining properties located in China, and since that time, the Company has been involved in completing numerous matters related to such joint venture transaction. The Company has limited staffing and extremely limited resources available to it, accordingly, the Company expects that it will be unable to file its Form 10-Q for the quarter ended March 31, 2009 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
 
(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:    May 15, 2009
By:
/s/ Mark D. Dacko  
   
Mark D. Dacko
  
   
Chief Financial Officer
  
       


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