UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November 2005
Commission File Number 001-32412
| GLENCAIRN GOLD CORPORATION |
| (Translation of registrant’s name into English) |
|
500 – 6 Adelaide St. East Toronto, Ontario, Canada M5C 1H6 |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
| Form 20-F | Form 40-F | X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes | No | X |
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82 —
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, thereunto duly authorized.
| GLENCAIRN GOLD CORPORATION |
| Date: November 9, 2005 | By:
“Lorna MacGillivray”
Lorna MacGillivray Corporate Secretary and General Counsel |
| 1. | Name and Address of Company |
|
Glencairn
Gold Corporation 6 Adelaide Street East, Suite 500 Toronto, Ontario M5C 1H6 |
| 2. | Date of Material Change |
| November 7, 2005 |
| 3. | News Release |
| A news release with respect to the material change referred to in this report was issued on November 7, 2005 and subsequently filed on SEDAR. |
| 4. | Summary of Material Change |
| Glencairn Gold Corporation (the “Company”) reported that an illegal road blockade by a small group of employees at its Limon Mine in Nicaragua has prompted the Company to temporarily suspend operations until the issue is resolved. |
| 5. | Full Description of Material Change |
| The Company reported that an illegal road blockade by a small group of employees at its Limon Mine in Nicaragua has prompted the Company to temporarily suspend operations until the issue is resolved. |
| On November 3, 2005, a group of approximately 20 employees blocked access to the mine’s working areas. This blockade, and other intermittent blockades earlier in the year, have undermined the Company’s efforts to contain costs at the mine and to put the operation on a solid, long-term footing. By suspending operations, the Company will reduce costs to a manageable level until the situation is resolved. |
| The group that set up the road blockade is represented by one of two unions representing the 485 hourly-rated workers at the mine. Both unions signed two-year collective agreements with the Company earlier this year. Under the terms of those collective agreements, an incentive program for unionized employees was to be negotiated. Those negotiations were successfully completed and an incentive program acceptable to all unionized employees was reached; however, the union sponsoring the road blockade has demanded that only its members be allowed to participate in the incentive program and that members of the other union be excluded. Such exclusion would be illegal under Nicaraguan law; therefore, the Company is unable to accede to that demand. |
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| The Company is addressing the issues of road blockades with various departments of the Nicaraguan government in an effort to find a permanent solution to this matter. |
| Cautionary Note Regarding Forward-Looking Statements |
| This press release contains “forward-looking statements”, within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries and its projects, the future price of gold, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled “General Development of the Business – Risks of the Business” in the Company’s Form 40-F on file with the Securities and Exchange Commission in Washington, D.C. and the Company’s annual information form for the year ended December 31, 2004 on file with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. |
| 6. | Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102 |
| Not applicable. |
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| 7. | Omitted Information |
| Not applicable. |
| 8. | Executive Officer |
| For further information contact Kerry Knoll, President and Chief Executive Officer of Glencairn Gold Corporation at (416) 860-0919. |
| 9. | Date of Report |
| November 14, 2005. |