SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
TLC THE LASER CENTER INC.
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
872934104
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(CUSIP Number)
December 31, 1998
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1 (b)
|_| Rule 13d-1 (c)
|X| Rule 13d-1 (d)
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* 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 ("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).
<PAGE>
CUSIP No. 872934104 13G/A Page 2 of 7 Pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Elias Vamvakas
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Canada
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
2,909,727
(6) Shared voting power:
N/A
(7) Sole dispositive power:
3,643,000
(8) Shared dispositive power:
N/A
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(9) Aggregate amount beneficially owned by each reporting person.
3,643,000
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
10.5%
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(12) Type of reporting person (see instructions).
IN
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<PAGE>
CUSIP No. 872934104 13G/A Page 3 of 7 Pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
1111881 Ontario Limited
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Canada
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
N/A
(6) Shared voting power:
2,050,000
(7) Sole dispositive power:
N/A
(8) Shared dispositive power:
2,050,000
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(9) Aggregate amount beneficially owned by each reporting person.
2,050,000
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
6.0%
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(12) Type of reporting person (see instructions).
CO
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<PAGE>
CUSIP No. 872934104 13G/A Page 4 of 7 Pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Vamvakas Family Trust
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
Canada
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
N/A
(6) Shared voting power:
2,050,000
(7) Sole dispositive power:
N/A
(8) Shared dispositive power:
2,050,000
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(9) Aggregate amount beneficially owned by each reporting person.
2,050,000
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
6.0%
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(12) Type of reporting person (see instructions).
OO
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<PAGE>
CUSIP No. 872934104 13G/A Page 5 of 7 Pages
Item 1(a). Name of Issuer:
TLC THE LASER CENTER INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
5600 Explorer Drive, Suite 301
Mississuaga, Ontario L4W 4Y2
Item 2(a). Name of Person Filing:
Elias Vamvakas
1111881 Ontario Limited
Vamvakas Family Trust
Item 2(b). Address or Principal Business Office or, If None, Residence:
5600 Explorer Drive, Suite 301
Mississuaga, Ontario L4W 4Y2
Item 2(c). Citizenship:
Canada
Item 2(d). Title of Class of Securities:
Common Shares
Item 2(e). CUSIP No.:
872934104
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
N/A
<PAGE>
CUSIP No. 872934104 13G/A Page 6 of 7 Pages
Item 4. Ownership.
(a) The filing persons in the aggregate beneficially own 3,643,000
shares.
(b) The aggregate shares owned constitute 10.5 percent of the class.
(c) Mr. Vamvakas has sole power to vote or to direct the vote of
2,909,727 of the shares and sole power to dispose or to direct the
disposition of 3,643,000 of the shares.
1111881 Ontario Limited has shared power to vote or to direct the
vote of 2,050,000 of the shares and shared power to dispose or to
direct the disposition of 2,050,000 of the shares.
The Vamvakas Family Trust has shared power to vote or to direct the
vote of 2,050,000 of the shares and shared power to dispose or to
direct the disposition of 2,050,000 of the shares.
(d) Mr. Vamvakas has the right to acquire 732,273 shares.
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certifications.
N/A
<PAGE>
CUSIP No. 872934104 13G/A Page 7 of 7 Pages
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.
Date: March 31, 1999
/s/ Elias Vamvakas
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Elias Vamvakas
1111881 Ontario Limited
By: /s/ Elias Vamvakas
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Elias Vamvakas
Vamvakas Family Trust
By: /s/ Elias Vamvakas
-----------------------------
Elias Vamvakas
