UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SEC FILE NUMBER 0-5781
CUSIP NUMBER:291206 10 0
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
|_| Form 10-K |_|Form 20-F |_| Form 11-K |X| Form 10-Q |_|Form N-SAR
FOR PERIOD ENDED: June 30, 2002
|_| Transition Report on Form 10-K
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form N-SAR
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
EMEX CORPORATION
Full Name of Registrant
N/A
Former Name if Applicable
12600 West Colfax Avenue, Suite C-500
Address of Principal Executive Office (Street and Number)
Lakewood, Colorado 80215
City, State and Zip Code
_____________________________________________________________________________
PART II - RULES 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; and
(b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, Form 11-K or Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the prescribed due
date; or the subject quarterly report of 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, Form 20-F, Form
11-K, Form 10-Q, Form N-SAR, or the transition report or portion thereof, could
not be filed within the prescribed time period. (Attach extra sheets if needed.)
o During the second quarter, the Registrant experienced a change in
management and a change in legal counsel. The Registrant did not
have sufficient time to establish processes with new management and
counsel for the preparation and review of the financial statements
and the Form 10-QSB by the filing deadline. The Registrant is
currently working with its staff and accountants to complete a
review of the financial statements and Form 10-QSB for the second
quarter.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Donald Salcito, Esq. (303) 291-2300
(Name) (Area Code) (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 |_| 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?
|X| Yes |_| 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.
The Registrant's estimated revenues for the quarter ended June 30, 2002
are approximately $10,000, consisting entirely of revenues from exploration
activities. The Registrant is a non-operating holder of working interests in
certain oil and gas properties. For the corresponding quarter in 2001, the
Registrant's revenues were $19,000, consisting entirely of its share in net
revenues from these oil and gas working interests. Due to the acquisition of the
principal operator of these properties by another company, timely reporting
to the Registrant of its share in net revenues from its working interests has
been delayed, preventing a reasonable basis for accruing these revenues.
The Registrant's estimated operating expenses for the quarter ended June
30, 2002 are approximately $1,742,000, which represent a $638,000 decrease from
operating expenses for the corresponding quarter in 2001. This change is largely
due to the fact that the Registrant has significantly reduced its mineral
exploration efforts, thus, reducing its mineral exploration expenses.
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The Registrant's estimated net loss for the quarter ended June 30, 2002 is
approximately $2,050,000 which represents a $350,000 decrease from the net loss
for the corresponding quarter in 2001. This change is due primarily to the
reduction in operating expenses, as described above.
EMEX CORPORATION
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: August 13, 2002 By: /s/ Walter W. Tyler
------------------------------
Walter W. Tyler, President and
Chief Executive Officer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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