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
Date of Report (Date of earliest event reported): October 18, 2010
Calais Resources, Inc.
(Exact Name of Registrant as Specified in its Charter)
British Columbia 0-29392 98-0434111
(State or Other Jurisdiction of (Commission File No.) (I.R.S. Employer
Incorporation) Identification
Number)
Calais Resources, Inc.
4415 Caribou Road, PO Box 653
Nederland, CO 80466-0653
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 258-3806
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 4.01 Changes in Registrant's Certifying Accountant.
(a) Dismissal of Hein & Associates LLP.
On October 18, 2010 (the "Dismissal Date"), the Board of Directors of
Calais Resources, Inc. (the "Registrant") determined to dismiss Hein &
Associates LLP, its independent registered public accounting firm.
On May 25, 2007, the Registrant engaged Hein & Associates LLP as the
Registrant's independent registered public accounting firm commencing with
the Registrant's fiscal year ended May 31, 2005. Hein & Associates LLP
commenced work on the audit shortly thereafter, but during 2008, work was
ceased because Registrant did not have financial resources available to
continue to prepare for audit procedures being performed by Hein &
Associates. No audits of the Registrant's financial statements were ever
completed by Hein & Associates LLP.
During the Registrant's two most recent fiscal years, the subsequent
interim periods thereto, and through the Dismissal Date, there were no
disagreements (as defined in Item 304 of Regulation S-K) with Hein &
Associates LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of Hein & Associates LLP, would have caused
it to make reference in connection with its opinion to the subject matter of
the disagreement. Further, during the Registrant's two most recent fiscal
years, the subsequent interim periods thereto, and through the Dismissal
Date, there were no reportable events (as defined in Item 304(a)(1)(v) of
Regulation S-K.
The Registrant provided Hein & Associates LLP with a copy of this Report
prior to its filing with the Securities and Exchange Commission (the "SEC")
and requested Hein & Associates LLP to furnish the Registrant with a letter
addressed to the SEC, stating whether or not it agrees with the statements
made above and, if not, stating the respects in which they do not agree. A
copy of such letter, dated October 19, 2010, is filed as Exhibit 16.1 to this
Report.
(b) Engagement of Eide Bailly LLP.
On October 18, 2010 (the "Engagement Date"), the Registrant's Board of
Directors approved the appointment of Eide Bailly LLP as the Registrant's
independent registered public accounting firm. During the Registrant's two
most recent fiscal years, the subsequent interim periods thereto, and through
the Engagement Date, neither the Registrant nor anyone on its behalf
consulted Eide Bailly LLP regarding either (1) the application of accounting
principles to a specified transaction regarding the Registrant, either
completed or proposed, or the type of audit opinion that might be rendered on
the Company's financial statements; or (2) any matter regarding the Company
that was either the subject of a disagreement (as defined in Item
304(a)(1(iv) of Regulation S-K and related instructions to Item 304 of
Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of
Regulation S-K.
Item 9.01 Financial Statements, Pro Forma Financial Information and
Exhibits.
(d) Exhibits.
No. Exhibit
16.1 Letter from Hein & Associates LLP dated October 19, 2010, to the
Securities and Exchange Commission regarding statements included in
this Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CALAIS RESOURCES, INC.
By: /s/ David K. Young
Name: David K. Young
Title: President
Dated: October 20, 2010