Owner
Post by Franko10 ™ on Nov 28, 2007 13:01:36 GMT -5
Item 4.01 Changes in Registrant¡¯s Certifying Accountant
Effective October 24, 2007, the Company engaged Ronald Serota CPA, P.C., a Nevada PCAOB registered CPA firm, as its principal accountants pursuant to an engagement agreement executed by the Company with Ron Serota, CPA. The Public Company Accounting Oversight Board (¡°PCAOB¡±) is a private sector non-profit corporation, created by the Sarbanes-Oxley Act of 2002 to oversee the auditors of public companies.
The engagement date for the retention of our new principal accountant, Ronald Serota, Certified Public Accountant, P.C. is October 24, 2007. We have not consulted the new principal accountant regarding the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered. We received no oral or written advice that was provided by the new principal accountant that would be an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue. We did not consult with Ron Serota as to any matter of a disagreement with the former accountant.
As disclosed in our Form 8-K dated effective May 25, 2007, we report no disagreements with our former principal accountant, Ronald Silberstein CPA, P.L.L.C as to matters of accounting principles or practices, financial statement disclosure or auditing scope and procedure. See also Letter from Ron Silberstein CPA attached to that Form 8-K as Exhibit 16.1.
We did not consult with Ronald Serota CPA P.C. regarding such issues described in the above paragraph and we have asked the new principal accountant to review this disclosure before this current report is filed with the Commission and we have provided the new principal accountant with the opportunity to furnish us with a letter addressed to the Commission indicating whether Ronald Serota, CPA, P.C. agrees with the statements made by us. See also Letter from Ron Serota attached to this Form 8-K as Exhibit 16.1.
SECTION 8 - OTHER EVENTS
U S Canadian Minerals announced today that as of October 23 rd the company disposed of its 80% interest in Santa Fe Mining S.A., an Ecuadorian corporation
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
None
16.1 Letter from Ronald Serota, CPA, P.C., the Company¡¯s auditor
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.
U.S. Canadian Minerals, Inc.
/s/ Vanderbok Busboom
Vanderbok Busboom
Chief Financial Officer
Date: October 26, 2007
3
--------------------------------------------------------------------------------
Exhibit 16.1
Ronald N. Serota, CPA
2620 Regatta Dr., Suite 102
Las Vegas, Nevada 89128 USA
TEL: (702) 869-0099 ¡Ü FAX: (702) 446-6071
____________________________________________
Zollikerstrasse 27
CH-8032, Zurich Switzerland
____________________________________________
Inheidenerstrasse 69, 14 th Fl.
60385 Frankfurt Germany
¡©¡©¡©____________________________________________
October 25, 2007
Securities and Exchange Commission
450 Fifth St., N.W.
Washington, DC 20549
Re: U.S. Canadian Minerals, Inc.
Ladies and Gentlemen:
We have read the statements made by U.S. Canadian Minerals, Inc. in Item 4.01 of the accompanying Form 8-K filed with the Securities and Exchange Commission. We agree with the statements contained herein concerning our firm.
Very Truly Yours,
/s/ Ron Serota, President
Ronald Serota, CPA, P.C., a Nevada Corporation
Las Vegas, Nevada, USA
Effective October 24, 2007, the Company engaged Ronald Serota CPA, P.C., a Nevada PCAOB registered CPA firm, as its principal accountants pursuant to an engagement agreement executed by the Company with Ron Serota, CPA. The Public Company Accounting Oversight Board (¡°PCAOB¡±) is a private sector non-profit corporation, created by the Sarbanes-Oxley Act of 2002 to oversee the auditors of public companies.
The engagement date for the retention of our new principal accountant, Ronald Serota, Certified Public Accountant, P.C. is October 24, 2007. We have not consulted the new principal accountant regarding the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered. We received no oral or written advice that was provided by the new principal accountant that would be an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue. We did not consult with Ron Serota as to any matter of a disagreement with the former accountant.
As disclosed in our Form 8-K dated effective May 25, 2007, we report no disagreements with our former principal accountant, Ronald Silberstein CPA, P.L.L.C as to matters of accounting principles or practices, financial statement disclosure or auditing scope and procedure. See also Letter from Ron Silberstein CPA attached to that Form 8-K as Exhibit 16.1.
We did not consult with Ronald Serota CPA P.C. regarding such issues described in the above paragraph and we have asked the new principal accountant to review this disclosure before this current report is filed with the Commission and we have provided the new principal accountant with the opportunity to furnish us with a letter addressed to the Commission indicating whether Ronald Serota, CPA, P.C. agrees with the statements made by us. See also Letter from Ron Serota attached to this Form 8-K as Exhibit 16.1.
SECTION 8 - OTHER EVENTS
U S Canadian Minerals announced today that as of October 23 rd the company disposed of its 80% interest in Santa Fe Mining S.A., an Ecuadorian corporation
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
None
16.1 Letter from Ronald Serota, CPA, P.C., the Company¡¯s auditor
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.
U.S. Canadian Minerals, Inc.
/s/ Vanderbok Busboom
Vanderbok Busboom
Chief Financial Officer
Date: October 26, 2007
3
--------------------------------------------------------------------------------
Exhibit 16.1
Ronald N. Serota, CPA
2620 Regatta Dr., Suite 102
Las Vegas, Nevada 89128 USA
TEL: (702) 869-0099 ¡Ü FAX: (702) 446-6071
____________________________________________
Zollikerstrasse 27
CH-8032, Zurich Switzerland
____________________________________________
Inheidenerstrasse 69, 14 th Fl.
60385 Frankfurt Germany
¡©¡©¡©____________________________________________
October 25, 2007
Securities and Exchange Commission
450 Fifth St., N.W.
Washington, DC 20549
Re: U.S. Canadian Minerals, Inc.
Ladies and Gentlemen:
We have read the statements made by U.S. Canadian Minerals, Inc. in Item 4.01 of the accompanying Form 8-K filed with the Securities and Exchange Commission. We agree with the statements contained herein concerning our firm.
Very Truly Yours,
/s/ Ron Serota, President
Ronald Serota, CPA, P.C., a Nevada Corporation
Las Vegas, Nevada, USA
