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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 14, 2003
Date of Report (Date of earliest event reported)
NORMARK VENTURES CORP.
(Exact name of registrant as specified in its charter)
NEVADA 333-73822 98-0233347
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4947 Wycliffe Road
Vancouver, British Columbia, Canada V6T 1E9
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(Address of principal executive offices) (Zip Code)
519-371-9302
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Registrant's telephone number, including area code
2930 West 20th Avenue
Vancouver, BC, Canada V6L 1H6
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Davidson & Company (the "Former Accountant") has been dismissed as principal
independent accountant of Normark Ventures Corp. (the "Company") on March 14,
2003. The Company has engaged Dohan & Company as its principal independent
accountant effective March 14, 2003. The decision to change principal
independent accountants has been approved by the Company's board of directors.
The Former Accountant's report dated July 3, 2002 on the Company's balance
sheets as at April 30, 2002 and 2001 and the related statements of operations,
stockholders' equity (deficiency) and cash flows for the year ended April 30,
2002, the period from incorporation on July 27, 2000 to April 30, 2001 and the
period from incorporation on July 27, 2000 to April 30, 2002 did not contain an
adverse opinion or disclaimer of opinion, nor was it qualified or modified as to
uncertainty, audit scope, or accounting principles, except as indicated in the
following paragraph.
The Former Accountant's auditors' report dated July 3, 2002 on the Company's
balance sheets as at April 30, 2002 and 2001 and the related statements of
operations, stockholders' equity (deficiency) and cash flows for the year ended
April 30, 2002, the period from incorporation on July 27, 2000 to April 30, 2001
and the period from incorporation on July 27, 2000 to April 30, 2002, contained
a separate paragraph stating that "the accompanying financial statements have
been prepared assuming that the Company will continue as a going concern. As
discussed in Note 2 to the financial statements, the Company has no established
source of revenue. This raises substantial doubt about the Company's ability to
continue as a going concern. Management's plans in regards to these matters are
discussed in Note 2. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty."
In connection with the audits of the year ended April 30, 2002, the period from
incorporation on July 27, 2000 to April 30, 2001 and the period from
incorporation on July 27, 2000 to April 30, 2002 and the subsequent interim
period through March 14, 2003, there were no disagreements with the Former
Accountant on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which disagreements if
not resolved to the satisfaction of the Former Accountant would have caused them
to make reference thereto in its report on the financial statements for such
period.
In connection with the audits of the year ended April 30, 2002, the period from
incorporation on July 27, 2000 to April 30, 2001 and the period from
incorporation on July 27, 2000 to April 30, 2002 and the subsequent interim
period through to March 14, 2003, the Former Accountant did not advise the
Company with respect to any of the matters described in paragraphs
(a)(1)(iv)(B)(1) through (3) of Item 304 of Regulation S-B.
The Company has provided the Former Accountant with a copy of the foregoing
disclosures and has requested in writing that the Former Accountant furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether or not they agree with such disclosures. The Company has received the
requested letter from the Former Accountant and a copy of the letter has been
filed as an exhibit to this report in accordance with Item 601 of Regulation
S-B.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
None.
(b) Pro forma Financial Information.
None.
(c) Exhibits.
Exhibit Description
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16.1 Letter of Former Auditor dated March 17, 2003
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SIGNATURE
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.
NORMARK VENTURES CORP.
Date: March 17, 2003
By: /s/ G.W. Norman Wareham
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G.W. Norman Wareham
President and Chief Executive
Officer