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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): August 4, 2014
FREEDOM PETROLEUM, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-184061 45-5440446
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
650 Poydras Street, Suite 1400 Office 15,
New Orleans, LA 70130
Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (504) 799-2250
8580 E. Bellewood Place, Denver CO 80237
(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:
[ ] 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))
SECTION 4 MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(A) PREVIOUS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
On or about July 25, 2014, the principals of Silberstein Ungar, PLLC
("Silberstein"), Freedom Petroleum, Inc.'s (the "Company") independent auditor,
joined the accounting firm of KLJ & Associates, LLP ("KLJ"). As a result of the
transaction, on August 4, 2014 ("Resignation Date"), Silberstein resigned as our
independent registered public accounting firm and the Company accepted the
resignation. On August 7, 2014, the Company engaged DKM Certified Public
Accountants ("DKM") to replace Silberstein as our independent registered public
accounting firm. The engagement of DKM was approved by the Company's board of
directors.
Silberstein's audit reports on the financial statements of the Company for the
fiscal years ended July 31, 2013 and 2012 contained no adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles, except that the audited financial
statements contained in our Annual Reports on Form 10-K for the fiscal years
ended July 31, 2012 and July 31, 2013 contained a going concern qualification.
There were no disagreements between the Company and Silberstein, for the two
most recent fiscal years and any subsequent interim period through Resignation
Date on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which, if not resolved to the
satisfaction of Silberstein, would have caused them to make reference to the
subject matter of the disagreement in connection with its report. Further,
Silberstein has not advised the Company that:
1) internal controls necessary to develop reliable financial statements
did not exist; or
2) information has come to the attention of Silberstein which made it
unwilling to rely upon management's representations, or made it
unwilling to be associated with the financial statements prepared by
management; or
3) the scope of the audit should be expanded significantly, or
information has come to the attention of Silberstein that they have
concluded will, or if further investigated, might materially impact
the fairness or reliability of a previously issued audit report or the
underlying financial statements, or the financial statements issued or
to be issued covering the fiscal year ended July 31, 2014.
We provided Silberstein with a copy of this disclosure before filing it with the
SEC. We requested that Silberstein provide us with a letter addressed to the SEC
stating whether or not they agree with the above statements. A copy of the
letter provided from Silberstein is filed as Exhibit 16.1 to this Current Report
on Form 8-K.
(B) NEW INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
On August 7, 2014, we engaged DKM as our principal accountant to audit our
financial statements as successor to Silberstein. During our two most recent
fiscal years or subsequent interim periods, we have not consulted with DKM
regarding the application of accounting principles to a specific transaction,
either completed or proposed, or the type of audit opinion that might be
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rendered on our financial statements, nor did DKM provide advice to our company,
either written or oral, that was an important factor considered by our company
in reaching a decision as to the accounting, auditing or financial reporting
issue.
Further, during our two most recent fiscal years or subsequent interim period,
we have not consulted DKM on any matter that was the subject of a disagreement
or a reportable event.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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16.1 Letter from Silberstein Ungar, PLLC dated August 7, 2014
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.
Dated: August 7, 2014 FREEDOM PETROLEUM, INC.
By: /s/ Anton Lin
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Anton Lin, CEO
