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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
American International Industries, Inc.
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(Name of issuer)
Common Stock, par value $0.001 per share
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(Title of class of securities)
02686Y 10 2
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(CUSIP number)
Rebekah Laird-Ruthstrom
601 Hanson Road
Kemah, Texas 77565
(281) 334-4764
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(Name, address and telephone number of person authorized
to receive notices and communications)
March 1, 1999
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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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g) check
the following box / /.
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See 13d-7(b) for other
parties to whom copies are to be sent.
(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 disclosures provided in a prior cover page.
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 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).
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CUSIP No. 02686Y 10 2
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Elk International Corporation, Ltd.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
WC
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(5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
United States
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NUMBER OF SHARES (7) Sole Voting Power
BENEFICIALLY OWNED 32,197,000
BY EACH REPORTING --------------------------------------------------
PERSON WITH (8) Shared Voting Power
None
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(9) Sole Dispositive Power
32,197,000
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(10) Shared Dispositive Power
None
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
32,197,000
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
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(13) Percent of Class Represented by Amount in Row (11)
27.3%
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(14) Type of Reporting Person*
Elk International Corporation, Ltd. PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER.
The title of the class of equity securities to which this statement
relates is common stock, par value $0.001 per share (the "Common Stock") of
American International Industries, Inc. (the "Issuer"), a Nevada corporation,
601 Hanson Rd., Kemah, Texas 77565.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Elk International Corporation, Ltd.
(b) PO Box N-3247, Nassau, Bahamas
(c) None.
(d) None.
(e) None.
(f) Bahamian Corporation
ITEM 3. SOURCE AND AMOUNTS OF FUNDS OR OTHER CONSIDERATIONS.
Working Capital
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person acquired and continues to hold the securities of the
Issuer for investment purposes. The Reporting Person does not have any
present plans or proposals which relate to or would result in any of the
items described in Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) 32,197,000 27.3%
(b) The number of shares of Common Stock as to which there is sole
power to vote or to direct a vote, shared power to vote or direct the vote,
sole power to dispose or direct the disposition, or shared power to dispose
or direct the disposition for the Reporting Person is set forth in the cover
pages hereto, and such information is incorporated herein by reference.
(c) On February 24, 1999 the Reporting Person acquired 5,000,000 shares
of Common Stock from the issuer in exchange for consideration valued at
$2.6 million.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
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ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
n/a
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
DATED: March 10, 1999
/s/ Elkana Faiwuszewicz
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By: Elkana Faiwuszewicz
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