<PAGE>
-----------------------------
OMB APPROVAL
-----------------------------
OMB Number: 3235-0145
Expires: October 31, 2002
Estimated average burden
hours per response ... 14.90
-----------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
----
Minera Andes Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
602910101
--------------------------------------------------------------------------------
(CUSIP Number)
Neal Degerstrom, 3303 N Sullivan Road, Spokane, WA 99216
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 30, 2000
--------------------------------------------------------------------------------
(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(b)(3) or (4), check the following box. [_]
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
* 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 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 Act but
shall be subject to all other provisions of the Act (however, see the Notes).
1 of 9
<PAGE>
CUSIP No. 602910101
-----------------
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
N.A. Degerstrom, Inc., 91-0698638
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
OO
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Washington
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
7,450,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 7,450,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
7,450,000
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions) X
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
23%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
CO
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
2 of 9
<PAGE>
CUSIP No. 602910101
-----------------
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
Neal A. Degerstrom
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 7,450,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
7,450,000
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
7,450,000
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions) X
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
23%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
3 of 9
<PAGE>
CUSIP No. 602910101
-----------------
------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
Joan Degerstrom
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS (See Instructions)
4
AF
------------------------------------------------------------------------------
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
USA
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 7,450,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
7,450,000
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
7,450,000
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
(See Instructions) X
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
23%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (See Instructions)
14
IN
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
4 of 9
<PAGE>
This Amendment No. 1 to Schedule 13D is being filed on behalf of N.A.
Degerstrom, Inc, Neal Degerstrom and Joan Degerstrom and supplements the
Schedule 13D filed by such persons on July 21, 1998 as follows:
Item 1. Security and Issuer
This Statement relates to Common Stock (the "Common Stock"), of Minera
Andes Inc., a corporation organized under the laws of Alberta, Canada ("Minera
Andes"). Minera Andes' principal executive offices are located at 3303 N.
Sullivan Road, Spokane, Washington 99216.
Item 2. Identity and Background
This Statement is filed by N.A. Degerstrom, Inc. ("Degerstrom"), a
corporation organized under the laws of the State of Washington, Neal A.
Degerstrom, President of Degerstrom, and Joan Degerstrom, Vice-President of
Degerstrom, each of whose business address is 3303 N. Sullivan Road, Spokane,
Washington 99216. Degerstrom's principal business is contract mining and
operation of its own independently owned mines and mines in joint venture with
other mining companies. During the past five years, neither Degerstrom, Neal A.
Degerstrom nor Joan Degerstrom has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), and none of them have
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Set forth below are the names, principal occupations and citizenship of
the executive officers and directors of Degerstrom. Except as otherwise noted
below, the business address of each of the executive officers and directors of
Degerstom is 3303 N. Sullivan Road, Spokane, Washington 99216, and each
executive officer and director is a citizen of the United States of America.
During the past five years, none of the executive officers or directors has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Name Principal Occupation Citizenship Position with Degerstrom
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Neal A. Degerstrom President of Degerstrom USA President; Director
------------------------------------------------------------------------------------------------------------------------------------
Joan Degerstrom Vice President of Degerstrom USA Vice-President; Director
------------------------------------------------------------------------------------------------------------------------------------
Gary Craig Vice President -- Operations of USA Vice President -- Operations;
Degerstrom Director
------------------------------------------------------------------------------------------------------------------------------------
Michael Cannon Secretary/Treasurer of Degerstrom USA Secretary/Treasurer
------------------------------------------------------------------------------------------------------------------------------------
Richard Stager Vice President -- Engineering of USA Vice President -- Engineering
Degerstrom
------------------------------------------------------------------------------------------------------------------------------------
James Fish Vice President -- General Counsel USA Vice President -- General Counsel
of Degerstrom
------------------------------------------------------------------------------------------------------------------------------------
Michael Coleman Vice President -- Environmental USA Vice President -- Environmental
Services of Degerstrom Services
------------------------------------------------------------------------------------------------------------------------------------
Paul Hatfield Vice President -- Mining of USA Vice President -- Mining
Degerstrom
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Item 3. Source and Amount of Funds or Other Consideration
Pursuant to a Subscription Agreement dated November 30, 2000 by and
between Degerstrom and Minera Andes, Degerstrom acquired 1,175,000 special
warrants for an aggregate purchase price of CDN $235,000 (the "Special
Warrants"). Upon exercise of the Special Warrants, Degerstrom will receive i)
1,175,000 shares of Minera Andes common stock and ii) common stock purchase
warrants, which may be exercised for 1,175,000 shares of Minera Andes common
stock with an exercise price of CDN $0.20 per share (CDN $0.25 per share if the
common stock purchase
<PAGE>
warrants are exercised after November 30, 2001). The source of the funds used in
purchasing the Special Warrants was from working capital of N.A. Degerstrom,
Inc.
Item 4. Purpose of Transaction
The acquisition of the Special Warrants by Degerstrom was in
consideration of drilling and analytical costs incurred on the Huevos Verdes
gold/silver property in southern Argentina. The work was performed by
Degerstrom.
Except as otherwise disclosed in this Statement, Degerstrom does not
have any plans or proposals that relate to or would result in any of the
following:
(a) The acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Company
or any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Company;
(f) Any other material change in the Company's business or corporate
structure;
(g) Changes in the Company's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Company by any person;
(h) Causing a class of securities of the Company to be delisted from
a national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended; or
(j) Any action similar to those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) - (b) The following chart and accompanying notes state the
aggregate number and percentage of shares of Minera Andes common stock
beneficially owned and with respect to which the persons identified in Item 2
have power, sole or shared, to vote or direct disposition:
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Shares over which Shares over
Shares over which Shares over which there is which there
Shares there is sole there is shared power to direct shared power to direct
Party identified in beneficially power to power to vote (#) disposition (#) disposition (#)
-- owned (#) Percentage vote (#) -------- --------------- ----------------
Item 2 --------- of class --------
------ ---------
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
N.A. Degerstrom, Inc. 7,450,000 (3) 23 (4) 7,450,000 0 7,450,000 0
------------------------------------------------------------------------------------------------------------------------------------
Neal A. Degerstrom 7,450,000 23 (4) 0 7,450,000 0 7,450,000
(1)(2)(3)
-----------------------------------------------------------------------------------------------------------------------------------
Joan Degerstrom 7,450,000 23 (4) 0 7,450,000 0 7,450,000
(1)(2)(3)
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
________________________
<PAGE>
Notes:
(1) Does not include 1,213,409 shares issuable pursuant to the Performance
Right.
(2) Shares are beneficially owned by virtue of control of N.A. Degerstrom,
Inc., which controlling shares are held jointly by Neal A. Degerstrom and
Joan Degerstrom as husband and wife.
(3) Includes 1,175,000 shares issuable upon exercise of Special Warrants and
1,175,000 shares issuable upon exercise of common stock purchase warrants
(which will be issued upon exercise of the Special Warrants).
(4) Assumes exercise of Special Warrants and underlying common stock purchase
warrants.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Pursuant to an Asset and Share Acquisition Agreement (the "Acquisition
Agreement") dated March 8, 1995, by and among Degerstrom, Minera Andes, Brian
Gavin, Jorge Vargas, Enrique Rufino Marzari Elizalde, Minera Andes S.A., and NAD
S.A., Degerstrom acquired 4,000,000 shares of Minera Andes common stock, and the
right to receive 1,213,409 shares of Minera Andes common stock upon the
satisfaction of certain performance criteria (the "Performance Right"), in
exchange for the shares of Minera Andes S.A. and NAD S.A. owned by Degerstrom.
Pursuant to the Acquisition Agreement, Minera Andes is obligated to issue to
Degerstrom up to 1,213,409 shares of its common stock if any of the mining
properties transferred to Minera Andes under the terms of the Acquisition
Agreement reach Bankable Feasability (as that term is defined in the Acquisition
Agreement).
Item 7. Material to be Filed as Exhibits
The following documents are filed as exhibits:
7.1 Subscription Agreement between Minera Andes and Degerstrom dated
November 30, 2000.
7.2 Asset and Share Acquisition Agreement between Minera Andes S.A., NAD
S.A., Minera Andes, Degerstrom, Brian Gavin, Jorge Vargas and Enrique Rufino
Marzari Elizalde, dated March 8, 1995, as amended on April 19, 1996.
(Incorporated by reference to Exhibit 2.1 of Minera Andes Registration Statement
on Form 10-SB (SEC File No. 000-22731)).
<PAGE>
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: December 8, 2000
N.A. DEGERSTROM, INC.
By: /s/ Neal Degerstrom
---------------------------------
Neal A. Degerstrom, President
/s/ Neal Degerstrom
------------------------------------
NEAL A. DEGERSTROM
/s/ Joan Degerstrom
------------------------------------
JOAN DEGERSTROM
<PAGE>
EXHIBIT INDEX
Sequential
Exhibit No. Description
7.1 Subscription Agreement between Minera Andes and Degerstrom dated
November 30, 2000.
7.2 Asset and Share Acquisition Agreement between Minera Andes S.A., NAD
S.A., Minera Andes, Degerstrom, Brian Gavin, Jorge Vargas and Enrique Rufino
Marzari Elizalde, dated March 8, 1995, as amended on April 19, 1996.
(Incorporated by reference to Exhibit 2.1 of Minera Andes Registration Statement
on Form 10-SB (SEC File No. 000-22731)).
