SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer PURSUANT to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Filing No. 1 for the month of June, 1999 Talisman Enterprises Inc. -------------------------- (Exact name of Registrant) 2330 Southfield Road, Mississauga, Ontario, Canada L5N 2W8 ------------------------------------------------------------- (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F Form 20-F X Form 40-F __ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes __ No X TALISMAN ENTERPRISES INC. On May 31, 1999, the Company filed its unaudited financial statements for the period ended March 31, 1999 with the Ontario Securities Commission. The financial statements are filed as an exhibit to this Form 6-K. Exhibit 1. Financial Statements for the Period Ended March 31, 1999 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, thereunto duly authorized. TALISMAN ENTERPRISES INC. By:/s/James Ogle Date: June 7, 1999 James Ogle, President TALISMAN ENTERPRISES INC. (formerly Firesand Resources Ltd.) UNAUDITED CONSOLIDATED STATEMENT OF LOSS AND DEFICIT FOR THE 3 MONTHS ENDED MARCH, 1999 3 MONTHS 1999 3 MONTHS 1998 Revenues ................................... $ 43,589 $ 371,433 Operating expenses ......................... $ 387,551 $ 273,701 Gross profit ............................... $ (343,962) $ 97,732 Expenses Selling, general and administrative ........ $ 491,300 $ 400,939 Amortization ............................... $ 125,918 $ 116,946 Interest on long-term debt ................. $ 13,598 $ 8,399 $ 630,816 $ 526,284 Loss for the period ........................ $ (974,778) $ (428,552) Deficit, beginning of period ............... $(4,791,914) $(1,381,784) Deficit, end of period ..................... $(5,766,692) $(1,810,336) Loss per share ............................. (.94 cents) (.83 cents) FULL DISCLOSURE OF ACCOUNTING PRINCIPLES IS OUTLINED IN THE DECEMBER 31, 1998 CONSOLIDATED FINANCIAL STATEMENTS TALISMAN ENTERPRISES INC. (formerly Firesand Resources Ltd.) UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE 3 MONTHS ENDED MARCH, 1998 3 MONTHS 1999 3 MONTHS 1998 Operating Activities Loss for period .............................. $ (974,778) $ (428,552) Charges to Income not affecting cash- Depreciation ................................. $ 125,916 $ 116,946 ----------- ----------- $ (848,862) $ (311,606) Change in non-cash working capital items ................................ $ (547,212) $ (170,177) ----------- ----------- $(1,396,074) $ (481,783) Cash used in operating activities Investing Activities Capital assets ............................... $ (341,027) $ 24,987 Deferred Charges ............................. $ (402,491) $ 0 Other assets ................................. $ 30,001 $ 3,640 ----------- ----------- Cash provided by investing activities ........ $ (713,517) $ (28,627) Financing Activities Long-term debt Repayment of long-term debt .................. $ (37,500) $ (25,000) Repayment of note payable .................... $ $ (114,545) proceeds of note payable ..................... $ $ 30,000 Issue of Convertible Promissory Note ......... $ 3,207,055 Issue of Common Shares ....................... __________ $ 126,670 ----------- Cash provided by financing ................... $ 3,169,555 $ 17,125 Increase(decrease) in cash ................... $ 1,059,964 $ (436,031) cash beginning of period ..................... $ (622,845) $ 38,250 ----------- ----------- Cash, end of period .......................... $ (437,119) $ (397,781) =========== =========== FULL DISCLOSURE OF ACCOUNTING PRINCIPLES IS OUTLINED IN THE DECEMBER 31, 1998 CONSOLIDATED FINANCIAL STATEMENTS