SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 and 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
March 26, 3003 (March 25, 2003)
CAN-CAL RESOURCES LTD.
- --------------------------------------------------------------------------------
Exact Name of Registrant as Specified in its Charter)
Nevada 0-26669 86-0865852
- ------------------------------ ----------------------- ---------------------
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
8221 Cretan Blue Lane
Las Vegas, Nevada 89128
- -------------------------------------------------------- ---------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (702) 243-1849
Not Applicable
- --------------------------------------------------------------------------------
(Former Name, Former Address or Former Fiscal Year,
if Changed From Last Report)
ITEM 5. OTHER EVENTS
Can-Cal Resources Ltd. ("the Company") announced that Mr. Anthony F. Ciali
has been appointed President of the Company. Mr. Ciali is a senior mining
executive with over twenty two-years of international mining industry
experience. Ronald Sloan remains as Chief Executive Officer and Chief Financial
Officer.
Most recently, Mr. Ciali served as the President and CEO of Monarch
Resources Limited, a Toronto and London Stock Exchange listed mining company
with operating and exploration activities in Latin America; principally Mexico
and Venezuela. He raised $35 million in a rights issue on the London Stock
Exchange for the development of the La Camorra gold mine in Venezuela and raised
$24 million in equity financing in listing the company on the Toronto Stock
Exchange. Mr. Ciali was also instrumental in expanding the company's Mexican
exploration program, to include approximately 120,000 hectares, with 10 distinct
high quality gold/silver projects.
Previously, Mr. Ciali was Vice President Finance & Administration for Gold
Fields Mining Corporation, which was a wholly owned U.S. subsidiary of
Consolidated Gold Fields PLC. There he played a senior role in the overall
management of the company's domestic and international activities, including the
development of three successful gold mines (+400,000 ounces of annual gold
production) and a $20 million annual exploration budget, covering projects both
in North and South America.
Mr. Ciali began his business career as a Senior Auditor with Price
Waterhouse in New York City, where he obtained a CPA.
Mr. Ciali holds a BSc. degree in Mechanical Engineering and a Masters
degree in Business Administration.
Can-Cal Resources Ltd. is an exploration-stage company, with gold
exploration projects located in California and Arizona. In addition to ongoing
research to develop a gold extraction process for the Pisgah property, the
Company is also presently developing industrial sales markets for a portion of
the cinder rock materials located on the property and is investigating
additional business opportunities for such industrial sales. As part of its
future growth strategy, the Company intends to investigate opportunities to
acquire and develop additional mineral properties, both in North and South
America.
FORWARD LOOKING STATEMENTS
This report contains certain "forward-looking statements" within the
meaning of Section 27A of the United States Securities Exchange Act of 1933, as
amended, and Section 21E of the United States Securities Act of 1934, as
amended. All statements, other than statements of historical fact, included in
this report, including, without limitation, statements regarding future
2
plans and objectives of Can-Cal Resources, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Company's
expectations are disclosed under the heading "Risk Factors" and elsewhere in
documents filed from time to time with the United States Securities and Exchange
Commission and other regulatory authorities.
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.
CAN-CAL RESOURCES LTD.
Dated: March 26, 2003 By: /s/ Ronald D. Sloan
--------------------------------
RONALD D. SLOAN,
Chief Executive Officer
3