idsm_8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
| October 30,
2009 |
|
Date of
Report (Date
of earliest event reported)
|
|
INDUSTRIAL
MINERALS, INC
|
(Exact
name of registrant as specified in its
charter)
|
| Delaware |
11-3763974 |
| (State or other
jurisdiction of incorporation or organization) |
(I.R.S.
Employer Identification
Number) |
346 Waverley Street, Ottawa,
Ontario, Canada K2P 0W5
(Address
of Principal Executive Offices) (Zip Code)
(613)
288-4288
(Registrant's
telephone number, including area code)
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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b)under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c)under the Exchange Act (17 CFR
240.13e-4(c))
Item
4.01 Change in Registrant's Certifying Accountant
Effective October 1, 2009 Rotenberg and
Company LLP has merged with another CPA firm, EFP Group, to form a new firm.
Rotenberg and Company, LLP resigned as the Company’s auditors in connection with
such merger. All of the partners and employees of Rotenberg and Company LLP and
EFP Group have joined the new firm, EFP Rotenberg LLP. EFP Rotenberg
LLP succeeds Rotenberg and Company LLP as the Registrant’s independent
registered public accounting firm.
On October 30, 2009, with the approval
of the Audit Committee of the Company’s Board of Directors, EFP Rotenberg, LLP
was engaged as the Company’s independent registered public accountant effective
concurrent with the merger. Prior to such engagement, during the two
most recent years, the Company has not consulted with EFP Rotenberg, LLP on any
matter.
The audit reports of Rotenberg and
Company LLP for the years ended December 31, 2008 and December 31, 2007,
expressed an unqualified opinion and included an explanatory paragraph relating
to the Registrant’s ability to continue as a going concern due to significant
recurring losses and other matters. Such audit reports did not
contain any other adverse opinion or disclaimer of opinion or
qualification.
The Registrant and Rotenberg and
Company LLP have not, during the Registrant’s two most recent fiscal years or
any subsequent period through the date of dismissal, had any disagreement on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement, if not resolved to Rotenberg
and Company LLP’s satisfaction, would have caused Rotenberg and Company, LLP to
make reference to the subject matter of the disagreement in connection with its
reports.
The Registrant provided Rotenberg and
Company LLP with a copy of the disclosures it is making in this Current Report
on Form 8-K prior to filing. A copy of Rotenberg and Company LLP’s
letter, dated November 4, 2009 is attached as Exhibit 16.1.
Item
9.01 Financial Statements and Exhibits.
Exhibit
No.
16.1 Rotenberg
and Company, LLP letter dated November 4, 2009
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.
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Industrial Minerals,
Inc. |
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Date:
November 4, 2009
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By:
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/s/
Robert Dinning |
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Robert
Dinning |
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Chief
Financial Officer |
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