ISONICS CORP
SC 13G, 1999-10-15
CHEMICALS & ALLIED PRODUCTS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934


                               ISONICS CORPORATION
                                (Name of Issuer)


                           COMMON STOCK, NO PAR VALUE
                         (Title of Class of Securities)


                                    464895101
                                 (CUSIP Number)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [ ] Rule 13d-1(b)

     [X]  Rule 13d-1(c)

     [ ] Rule 13d-1(d)

*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).


<PAGE>



- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON

   ANFEL TRADING LTD.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

                                                                      (a) [  ]
                                                                      (b) [  ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY

- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION

   BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
                            5. SOLE VOTING POWER

                               666,668
     NUMBER OF              ----------------------------------------------------
      SHARES                6. SHARED VOTING POWER
   BENEFICIALLY
      OWNED BY                  0
       EACH                 ----------------------------------------------------
     REPORTING              7. SOLE DISPOSITIVE POWER
      PERSON
       WITH:                   666,668
                            ----------------------------------------------------
                            8. SHARED DISPOSITIVE POWER

                                0
                            ----------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.

   666,668
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
                                                                           [ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.

     9.7 %
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*

     CO
- --------------------------------------------------------------------------------

                                      -2-

<PAGE>



                                  SCHEDULE 13G

Item 1(a) Name of Issuer:

          Isonics Corporation

Item 1(b) Address of Issuer's Principal Executive Offices:

          5906 McIntyre Street, Golden, Colorado 80403

Item 2(a) Name of Persons Filing:

          Anfel Trading Ltd.

Item 2(b) Address of Principal Business Office (all Reporting Persons):

          C/o Me. Andre Zolty
          24, Route De Malagnou
          1208 Geneve
          Switzerland

Item 2(c) Citizenship:

          British Virgin Islands

Item 2(d) Title of Class of Securities:

     Common Stock into which shares of Series A Convertible Preferred Stock are
convertible, and which warrants are exercisable to purchase (the "Shares").

Item 2(e) CUSIP Number:

          464895101

Item 3. Type of Reporting Person:

          CO

Item 4. Ownership of each of the Reporting Persons, as of July 29, 1999:

          a. Amount Beneficially Owned:

          666,668 shares

          b. Percent of class

          9.7%


                                      -3-

<PAGE>


          c. Number of shares as to which such person has:

               i. Sole power to vote or to direct the vote

               666,668

               ii. Shared power to vote or to direct the vote

               0

               iii. Sole power to dispose or to direct the disposition of

               666,668

               iv. Shared power to dispose or to direct the disposition of

               0


Item 5. Ownership of Five Percent or Less of a Class:

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following.

                                                            [  ]

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 Reporting 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

                                      -4-

<PAGE>



Item 10. Certification:

     By signing below I certify that to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purposes or effect.


     Signatures

     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: October 15, 1999


                        ANFEL TRADING LTD.


                        By: /s/ Andre Zolty
                            ----------------------------


                                      -5-



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