SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) December 12, 2003
SILVERADO FINANCIAL, INC.
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Nevada 000-31079 77-0140428
--------------------------------------------------------------------------------
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
1475 South Bascom Avenue, Suite 210
Campbell, California 95008
------------------------------------------
(Address of principal executive offices)
(408) 371-2301
---------------------
(Registrant's telephone number, including area code)
ITEM 2: ACQUISITION OR DISPOSITION OF ASSETS
On November 17, 2003, the Company acquired all of the outstanding common shares
of San Francisco Funding, Inc. (SFF), a mortgage banking operation with offices
in Novato and San Diego, California under an acquisition agreement.
On December 12, 2003, the Company confirmed its December 10, 2003 rescission of
the acquisition agreement with SFF due to their misrepresentation of material
facts and material breaches of the acquisition agreement.
The Company estimates it incurred approximately $30,000 in costs associated with
the acquisition and rescission of SFF.
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.
SILVERADO FINANCIAL, INC.
Date December 24, 2003
By: /s/ John Hartman
-------------------------------------
John Hartman, Chief Executive Officer