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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
McCulloch Mervyn
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(Last) (First) (Middle)
836 Prospect Street Suite 2B
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(Street)
La Jolla California 92032
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) 12/27/96
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3. IRS or Social Security Number of Reporting Person 000-00-0000
(Voluntary) -----------
4. Issuer Name and Ticker or Trading Symbol Global Diamond Resources, Inc.
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(GDRS)
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5. Relationship of Reporting Person to Issuer (Check all applicable)
Director 10% Owner
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X Officer (give Other (specify
----- title below) ----- below)
CFO
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6. If Amendment, Date of Original (Month/Day/Year) ---------------------------
TABLE 1 - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. Title of 2. Amount of 3. Ownership Form: 4. Nature of
Security Securities Direct (D) or Indirect
(Instr. 4) Beneficially Indirect (I) Beneficial
Owned (Instr. 4) (Instr. 5) Ownership
(Instr. 5)
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<S> <C> <C> <C>
$.01 par value 56,000 I As Trustee
Common Stock for McCulloch
Family Trust
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
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FORM 3 (continued)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Date Expira- Amount (D) or
Exer- sion Title or Indirect
cisable Date Number (I)
of (Instr. 5)
Shares
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<S> <C> <C> <C> <C> <C> <C>
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Option 10/2/96 10/2/01 $.01 par value 250,000 $2.50 D
Common Stock
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</TABLE>
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. Sec 18 U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
/s/ Mervyn McCulloch 6/25/97
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**Signature of Reporting Person Date
By:
For:
