UNITED STATES |
SCHEDULE 13D/A |
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(Name of Issuer) |
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(Title of Class of Securities) |
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(CUSIP Number) |
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(Name, Address and Telephone Number of Person Authorized to |
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(Date of Event which Requires Filing of this Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section Section 240.13d-1(e), 240.13d-1(f) or 240.13d(g), check the following box. £
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
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(2) Based on 219,860,257 shares of common stock issued and outstanding as at January 14, 2009 and includes 1,200,000 shares of common stock issuable to St Andrew upon exercise of warrants as set forth above.
(3) U.S. Dollar equivalent based on the noon buying rate in Canada for cable transfers on January 14, 2009, as certified for customs purposes by the Bank of Canada, of US$1.00 = CDN$1.2383.
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This Schedule 13D/A amends and supplements the Schedule 13D filed December 14, 2006, as amended by Schedule 13D/A filed January 16, 2007, February 6, 2007, February 21, 2007, September 4, 2007, September 10, 2007, July 28, 2008, November 14, 2008, December 15, 2008 and December 23, 2008, by St Andrew Goldfields Ltd. (the "Company" or "St. Andrew") pursuant to Rule 13d-1(d) under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act").
Item 1. Security and Issuer
This Schedule 13D/A relates to the shares of common stock of Apollo Gold Corporation ("Apollo Gold"), a corporation organized under the laws of the Yukon Territory, Canada. Apollo Gold maintains its principal office at 5655 South Yosemite Street, Suite 200, Greenwood Village, Colorado 80111-3220.
Item 2. Identity and Background
This Schedule 13D/A is filed by St Andrew Goldfields Ltd., a corporation incorporated pursuant to the laws of the Province of Ontario, Canada. St. Andrew is a gold mining and exploration company.
The address of the principal business offices of the Company is:
1540 Cornwall Road Suite 212
Oakville, Ontario
Canada L6J 7W5
See section f below.
Neither St. Andrew nor any executive officer, director or person owning more than 10% of the outstanding shares of St Andrew has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
Other than as described below, neither the Company nor any executive officer, director or person owning more than 10% of the outstanding shares of St Andrew, during the last five years, was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction nor is any one of them subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
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By letter dated September 20, 2007, St Andrew was advised by the United States Securities and Exchange Commission (the "SEC") that Heritage American Resource Corp. ("Heritage American") was in default of its reporting obligations under Section 13(a) of the Exchange Act. Heritage American was a predecessor company of Heritage Exploration Ltd. ("Heritage"), which St Andrew acquired in 2005 and amalgamated with effective January 1, 2006. As a result of the acquisition and amalgamation, St Andrew qualified as a "successor issuer" to Heritage American under the Exchange Act. As such, it was determined that St Andrew would have been required to bring all delinquent filings of Heritage American, Heritage and St Andrew current with the SEC or, alternatively, consent to the issuance of an order by the SEC pursuant to which the common shares of St Andrew (as successor issuer to Heritage American) would be deregistered under the Exchange Act. St Andrew determined that the appropriate course of action would be to consent to a deregistration order under Section 12(j) of the Exchange Act. As such, on May 12, 2008, St Andrew executed an offer of settlement agreement, voluntarily consenting to a deregistration order by the SEC, and on August 18, 2008, the SEC issued an order revoking registration of St Andrew's securities pursuant to Section 12(j) of the Exchange Act.
The following table sets out the name, principal occupation and citizenship of the executive officers, directors and persons holding more than 10% of the outstanding shares of St Andrew as of the date hereof. The address of the directors and officers and holders of greater than 10% of the outstanding shares of the Company is 1540 Cornwall Road Suite 212, Oakville, Ontario, Canada L6J 7W5.
Name |
Principal Occupation |
Citizenship |
Herbert Abramson |
Chairman and Chief Executive Officer, Trapeze Capital Corp.; and Chairman, Trapeze Asset Management Inc. (investment management companies) |
Canadian |
Stephen Burns, C.A. |
Vice-Chairman, Intelligarde International Inc. (a private law enforcement company); and Chairman, Stefi Media Group Inc. (a media company) |
Canadian |
Jacques Perron |
President and Chief Executive Officer of St Andrew Goldfields Ltd.; and Chief Executive Officer, Mystery Creek Resources, Inc. (a mining exploration company) |
Canadian |
Paul C. Jones |
Executive Vice-President of St Andrew Goldfields Ltd.; President of Sovereign Management Group, Ltd. (a wealth management company); and President, Mystery Creek Resources, Inc. (a mining exploration company) |
American |
Warren Seyffert |
Corporate Director |
Canadian |
Bernard Kraft, C.A |
Consultant to Kraft Berger LLP (chartered accounting firm) |
Canadian |
Gerald A. Slan, F.C.A |
President, Slan Advisors Inc. (financial consulting firm) |
Canadian |
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Name |
Principal Occupation |
Citizenship |
Louis Gignac |
President, G Mining Services Inc. (mining consulting firm) |
Canadian |
Ben Au |
Chief Financial Officer, and Vice-President, Finance and Administration, of St Andrew Goldfields Ltd. |
Canadian |
Linda Weinzettl |
Corporate Secretary of St Andrew Goldfields Ltd. |
Canadian |
Michael Michaud |
Vice-President, Exploration of St Andrew Goldfields Ltd. |
Canadian |
Duncan Middlemiss |
Vice-President and General Manager, East Timmins Operations of St Andrew Goldfields Ltd. |
Canadian |
Edward Abramson |
Real Estate Agent |
Canadian |
Adam Abramson |
Lawyer |
Canadian |
Randall Abramson |
Investment Manager |
Canadian |
Item 3. Source and Amount of Funds or Other Consideration
The transactions reported by St Andrew herein relate to the disposition of shares of Apollo Gold. No funds were utilized by the Company in connection with the transactions described herein.
Item 4. Purpose of Transaction
Since the date of St Andrew's most recent Schedule 13D/A filing (filed December 23, 2008), St Andrew has sold an aggregate of 3,152,895 shares of Apollo Gold in ordinary broker transactions pursuant to its Rule 10b5-1 share trading plan dated September 19, 2008 (the "Sales Plan") with GMP Securities L.P. as agent. The Sales Plan provides for the orderly sale of up to 28,675,000 shares of common stock Apollo Gold in compliance with the requirements of Rule 10b5-1(c)(1) under the Exchange Act. These shares have been registered for resale under a registration statement filed by Apollo Gold under the Securities Act of 1933, as amended, on Form S-3 (the "Registration Statement") on April 24, 2008 (SEC file no. 333-150431), and declared effective by the SEC on May 7, 2008.
St Andrew determined to sell the shares as part of its overall investment strategy. In particular, given the recent weakening of the commodities markets and the global economy in general, St Andrew determined that it would be in its best interests and the best interests of its Shareholders to sell the Apollo Gold shares held by it for cash.
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The following table sets out sales of shares of Apollo Gold by the Company pursuant to the Sales Plan between December 23, 2008 (the filing date of St Andrew's previously filed Schedule 13D/A) and the date hereof:
Date of Sale |
No. of Sales Plan Shares Sold |
Price per |
Aggregate Gross |
January 5, 2009 |
45,000 |
$0.2602* |
$11,709.00* |
January 6, 2009 |
608,000 |
0.2622* |
159,417.60* |
January 6, 2009 |
131,680 |
0.26 |
34,236.80 |
January 7, 2009 |
10,500 |
0.2615* |
2,745.75* |
January 7, 2009 |
24,000 |
0.2362* |
5,668.80* |
January 7, 2009 |
100,000 |
0.2356 |
23,560.00 |
January 7, 2009 |
100,000 |
0.23 |
23,000.00 |
January7, 2009 |
200,000 |
0.2399 |
47,980.00 |
January 8, 2009 |
5,000 |
0.2439* |
1,219.50* |
January 9, 2009 |
46,500 |
0.2432* |
11,308.80* |
January 9, 2009 |
100,000 |
0.23 |
23,000.00 |
January 9, 2009 |
138,605 |
0.24 |
33,265.20 |
January 12, 2009 |
2,500 |
0.2318* |
579.50* |
January 12, 2009 |
22,500 |
0.2401* |
5,402.25* |
January 12, 2009 |
200,000 |
0.21 |
42,000.00 |
January 12, 2009 |
100,000 |
0.215 |
21,500.00 |
January 12, 2009 |
200,000 |
0.2204 |
44,080.00 |
January 13, 2009 |
250,000 |
0.20 |
50,000.00 |
January 13, 2009 |
175,110 |
0.21 |
36,773.10 |
January 14, 2009 |
143,500 |
0.2100* |
30,135.00* |
January 14, 2009 |
150,000 |
0.19 |
28,500.00 |
January 14, 2009 |
200,000 |
0.197 |
39,400.00 |
January 14, 2009 |
200,000 |
0.20 |
40,000.00 |
Total: |
3,152,895 |
$715,481.30 |
* Relates to sales transactions effected in Canadian dollars over the facilities of the Toronto Stock Exchange: U.S. dollar equivalents are based on the noon buying rate in Canada on the respective dates of sale, as certified for customs purposes by the Bank of Canada. |
All sales described herein were made over the Toronto Stock Exchange or American Stock Exchange.
Except as otherwise disclosed herein, St Andrew has no current plans or proposals that relate to or would result in:
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Item 5. Interest in Securities of the Issuer.
The Company beneficially owns, and has the sole power to vote and to dispose of, 17,126,534 shares of Apollo Gold's common stock (including 1,200,000 shares of common stock issuable pursuant to warrants exercisable until July 24, 2011 as described herein), representing approximately 7.7% of Apollo Gold's issued and outstanding common stock. No other person named in Item 2 owns shares of Apollo Gold.
Except as described in Item 4 above, no transaction in shares of Apollo Gold have been effected since the December 23, 2008 filing of the Company's previous Schedule 13D/A.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationship among the Company and the persons named in Item 2 or between such persons and any other person in respect of shares of Apollo Gold other than the Sales Plan as disclosed in Item 4.
Item 7. Material to be Filed as Exhibits.
None.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: January 14, 2009 |
"Ben Au" |
Ben Au |