freestone8k11609.htm
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
January
14, 2009
Date of
Report (Date of earliest event reported)
Freestone
Resources, Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-28753
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33-0880427
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(State
or other jurisdiction of incorporation)
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(Commission
File No.)
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(I.R.S.
Employer Identification No.)
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2000 E.
Lamar Blvd. Ste. 600 Arlington, TX 76006
(Address
of Principal Executive Offices)
817-303-2173
(Issuer
Telephone number)
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):
[ ] 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))
Item
4.01 Change in Registrant's Certifying Accountant.
Malone
& Bailey, P.C. was dismissed on January 14, 2009, as Freestone Resources,
Inc.’s independent auditors. Malone & Bailey, P.C.’s report dated December
18, 2008, on Freestone Resources, Inc.’s financial statements of as of June 30,
2008 and October 25, 2007 on Freestone Resources, Inc.’s financial statements of
as of June 30, 2007, did not contain any adverse opinion or disclaimer of
opinion, or qualification or modification as to uncertainty, audit scope, or
accounting principles. However, both reports contained an explanatory
paragraph disclosing the uncertainty regarding the ability of the Company to
continue as a going concern.
During
the two most recent fiscal years ended June 30, 2007 and 2008, there were no
disagreements with Malone & Bailey, P.C. on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope and
procedures which, if not resolved to the satisfaction of Malone & Bailey,
P.C. would have caused Malone & Bailey, P.C. to make reference to the matter
in their report. Freestone Resources, Inc. has requested Malone & Bailey,
P.C. to furnish it a letter addressed to the Commission stating whether it
agrees with the above statements. A copy of the Malone &
Bailey letter is filed as Exhibit 16.1 to this Form 8-K. The decision to change
accountants was approved by the Board of Directors.
Freestone
Resources, Inc.’s new accountant, Turner, Stone & Company P.C., was engaged
on January 14, 2009, as Freestone Resources, Inc.'s principal accountant to
audit the financial statements of Freestone Resources, Inc. The decision to
change accountants was approved by the Audit Committee of the Board of Directors
and the full Board of Directors of Freestone Resources, Inc.
During
the period ended June 30, 2008, and subsequent to June 30, 2008, through the
date hereof, neither Freestone Resources, Inc. nor anyone on its behalf
consulted with Turner, Stone & Company P.C. regarding either the application
of accounting principles to a specified transaction, either completed or
proposed, or the type of audit opinion that might be rendered on Freestone
Resources, Inc.'s financial statements, nor has Turner, Stone & Company P.C.
provided to Freestone Resources, Inc. a written report or oral advice regarding
such principles or audit opinion or any matter that was the subject of a
disagreement or reportable events set forth in Item 304(a)(iv) and (v),
respectively, of Regulation S-K with Freestone Resources, Inc.'s former
accountant, Malone & Bailey, P.C.
Item
9.01. Financial Statements and Exhibits.
(c)
Exhibits:
| Exhibit
No. |
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Description |
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16.1
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Letter
from Malone & Bailey, P.C. regarding change in certifying
accountant.
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SIGNATURE
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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FREESTONE
RESOURCES, INC.
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Date: January
14, 2009
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By: /s/
Mike Doran
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Mike
Doran
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Chief Executive
Officer
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