SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 19, 2005
GREAT WEST GOLD, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
WYOMING 000-24262 91-1363905
(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NO.) (IRS EMPLOYEE
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
c/o St James Resource Management Limited, 16 Hanover Square,
London, W1S 1HT, United Kingdom
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
+ 44 207 408 9451
(ISSUER TELEPHONE NUMBER)
(FORMER ADDRESS)
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FORWARD LOOKING STATEMENTS
This Form 8-K and other reports filed by Registrant from time to time with
the Securities and Exchange Commission (collectively the "Filings") contain or
may contain forward looking statements and information that are based upon
beliefs of, and information currently available to, Registrant's management as
well as estimates and assumptions made by Registrant's management. When used in
the filings the words "anticipate", "believe", "estimate", "expect", "future",
"intend", "plan" or the negative of these terms and similar expressions as they
relate to Registrant or Registrant's management identify forward looking
statements. Such statements reflect the current view of Registrant with respect
to future events and are subject to risks, uncertainties, assumptions and other
factors relating to Registrant's industry, Registrant's operations and results
of operations and any businesses that may be acquired by Registrant. Should one
or more of these risks or uncertainties materialize, or should the underlying
assumptions prove incorrect, actual results may differ significantly from those
anticipated, believed, estimated, expected, intended or planned.
Although Registrant believes that the expectations reflected in the forward
looking statements are reasonable, Registrant cannot guarantee future results,
levels of activity, performance or achievements. Except as required by
applicable law, including the securities laws of the United States, Registrant
does not intend to update any of the forward-looking statements to conform these
statements to actual results.
ITEM 8.01 OTHER EVENTS
On April 1, 2004, we disclosed on Form 8-K the acquisition of all of the shares
of Barnard Castle Limited ("Barnard"), Valley Forge Site Limited ("Valley
Forge"), and Steinbeck Limited ("Steinbeck"). Additionally, on September 15,
2004, we disclosed on Form 8-K the acquisition of all of the shares of Golden
Sierra Limited ("Golden Sierra") and Western Gold Limited ("Western Gold")
(collectively the "Acquired Companies"). Pursuant to Stock Purchase Agreements,
the Acquired Companies became our wholly owned subsidiaries.
The financial statements filed for the Acquired Companies in the Form 8-K's
dated April 1, 2004 and September 15, 2004 improperly accounted for the
financial status of the Acquired Companies and should not be relied upon. The
Acquired Companies were development stage mining companies whose sole asset
consisted of mining rights. The Acquired Companies had no tangible assets,
liabilities, or operations; therefore, the entire purchase price consisting of
common stock, has been expensed.
In connection with the changes in the method of valuation for the Acquired
Companies, we are amending our 10-QSB for the period ending September 30, 2004
and our 10-KSB for the period ending December 31, 2004 to properly account for
the Acquired Companies.
ITEM 9.01 FINANCIAL STATEMENT AND EXHIBITS.
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Great West Gold, Inc.
By: /s/ Richard Mark Axtell
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RICHARD MARK AXTELL
PRESIDENT
Dated: October 19, 2005