- Notification that Quarterly Report will be submitted late (NT 10-Q)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

 

 
 

(Check one)	o     Form 10-K   o     Form 20-F      o     Form 11-K     x     Form 10-Q      o     Form 10-D
	o      Form N-SAR      o     Form N-CSR
	For Period Ended:    June 30, 2011
	o      Transition Report on Form 10-K
	o      Transition Report on Form 20-F
	o      Transition Report on Form 11-K
	o      Transition Report on Form 10-Q
	o      Transition Report on Form N-SAR
	For the Transition Period Ended:  ___________________

Read Instruction (on back page) Before Preparing Form.  Please Print or Type. 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:

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PART I — REGISTRANT INFORMATION

 

Goldsands Development Company

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Full Name of Registrant

 

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Former Name if Applicable

Calle Juan Fanning 219, Miraflores 

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Address of Principal Executive Office (Street and Number)

Lima, Per ú

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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)

	(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
x	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, 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.

 

 

 

 

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PART III — NARRATIVE

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2011 within the prescribed period without incurring unreasonable expense and effort.  Additional time is required for the review by the independent registered accounting firm of the Registrant’s financial statements for the quarter ended June 30, 2011, and the preparation of the Form 10-Q.  The Registrant expects that the Quarterly Report on Form 10-Q for the quarter ended June 30, 2011 will be filed on or before August 22, 2011, which is within the extension period provided under Rule 12b-25.  

 

PART IV — OTHER INFORMATION

(1)	Name and telephone number of person to contact in regard to this notification

Peter Wiget	+41 41	761-8422
(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 answer is no, identify report(s).

Yes        x             No   o

 

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(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 ?

Yes         x             No   o

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.

For the three months ended June 30, 2010, the Registrant reported net loss and comprehensive loss of $4,974,388.  For the three months ended June 30, 2011, the Registrant is anticipating that it will report net loss and comprehensive loss of approximately $999,059.  The Registrant did not generate any revenue in the three months ended June 30, 2011 or 2010.  The difference in net loss and comprehensive loss is primarily attributable to a decrease in interest expense, stock-based compensation and exploration costs incurred during the reporting period.  The Registrant does not anticipate that there will be any significant change in results of operations for the six months ended June 30, 2011, as compared to the six months ended June 30, 2010.

 

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Goldsands Development Company

(Name of Registrant as specified in charter)

 

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date:    August 16, 2011

 

By:   /s/  Peter Wiget                                                    

Peter Wiget

Its:          Chief Financial Officer

 

 

 

 

 

 

 

 

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