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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c)
AND AMENDMENTS THERETO FILED PURSUANT TO 13(d)-2(b)
(Amendment No. 1)1
Venture Seismic Ltd.
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(Name of Issuer)
Common Shares, No Par Value
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(Title of Class of Securities)
92327K 10 8
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(CUSIP Number)
1 The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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 (however, see the
Notes).
(Continued on following page(s))
Page 1 of 5 Pages
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Page 2 of 5
CUSIP No. 92327K 10 8
13G
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<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Brian Kozun
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
</TABLE>
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<S> <C> <C>
5 SOLE VOTING POWER
NUMBER OF 798,259 (See Item 4)
SHARES
6 SHARED VOTING POWER
BENEFICIALLY
23,077
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 798,259
PERSON
8 SHARED DISPOSITIVE POWER
WITH
23,077
</TABLE>
<TABLE>
<S> <C>
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
821,336
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
20.7%
12 TYPE OF REPORTING PERSON*
IN
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 5
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<S> <C>
Item 1(a). Name of Issuer:
Venture Seismic Ltd. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
3110-80th Avenue, S.E.
Calgary, Alberta, Canada
T2C 1J3
Item 2(a). Name of Person Filing:
Brian Kozun
Item 2(b). Address of Principal Business Office or if none, Residence:
3110-80th Avenue, S.E.
Calgary, Alberta, Canada
T2C 1J3
Item 2(c). Citizenship:
Canada
Item 2(d). Title of Class of Securities:
Common Shares, no par value ("Shares")
Item 2(e). CUSIP Number:
92327K 10 8
Item 3. Not Applicable
Item 4. Ownership:
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Page 4 of 5
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<S> <C>
(a) As of December 31, 1997 Mr. Kozun beneficially owned 821,336
Shares.
Includes (i) 757,009 Shares held by a personal holding company of which
Mr. Kozun is the sole shareholder (ii) 41,250 Shares issuable upon
exercise of outstanding options which are exercisable within 60 days and
(iii) 23,077 Shares held in a trust of which Mr. Kozun is one of three
trustees. Mr. Kozun disclaims beneficial ownership as to the Shares held
in trust, as he is not a beneficiary under such trust. Excludes 13,750
Shares issuable upon exercise of outstanding options which are not
exercisable within 60 days.
(b) Percent of Class: 20.7%
(c) (i) Number of shares as to which such person has sole power
to vote or direct the vote: 798,259
(ii)-(iv) Reference is made to items 6-8 of the cover page.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7. Identification and Classification of Subsidiary Which Acquired the
Securities
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
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Page 5 of 5
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<S> <C>
Item 10. Certification
Not Applicable
</TABLE>
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.
February 10, 1998
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/s/ Brian Kozun
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Signature
Brian Kozun, President
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Name/Title
