SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
RIGL Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
75968E-10-1
(Cusip Number)
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Schedule 13G
CUSIP NO. 75968E-10-1
______________________________________________________________________________
1) Name of Reporting Person Michael Mackay
SS or IRS ID No. of Above Person ###-##-####
______________________________________________________________________________
2) Check the Appropriate Box A._______
If a Member of a Group B._______
______________________________________________________________________________
3) SEC Use Only
______________________________________________________________________________
4) Citizenship or Place of Organization United States
______________________________________________________________________________
Number of Shares (5) Sole voting Power 1,415,000
Beneficially Owned (6) Shared voting Power -0-
by Each Reporting (7) Sole Dispositive Power 1,415,000
Person with (8) Shared Dispositive Power -0-
______________________________________________________________________________
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,415,000
______________________________________________________________________________
10) Check if the Aggregate Amount
in row 9 Excludes Certain Shares [ ]
______________________________________________________________________________
11) Percent of Class Represented
By Amount in Row 9 10.9%
______________________________________________________________________________
12) Type of Reporting Person IN
______________________________________________________________________________
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Item 1(a) name of Issuer:
RIGL Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
7501 North 16th Street, Suite 200
Phoenix, AZ 85020
Item 2(a) Names of Persons Filing:
Michael MacKay
Item 2(b) Address of Principal Business Office or, if none, Residence:
100 Bluebell Place
Vallejo, CA 94591
Item 2(c) Citizenship:
United States
Item 2(d) Title Class of Securities:
Common Stock
Item 2(e) CUSIP Number
75968E-10-1
Item 3: If this statement is filed pursuant to Rules 13d-1(b,
or 13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Sec. 15 of the Act.
(b) [ ] Bank as defined in Sec. 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in sec. 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [ ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.
(f) [ ] Employee Benefit Plan. Pension Fund which is subject to the provision
of the Employee Retirement Income Security Act of 1974 or Endowment
Fund; see Section 240.13d-1(b)(1)(F)
(g) [ ] Parent Holding Company in accordance with Section 204 13d-1(b)(ii)(g)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(H)
Item 4: Ownership (as of July 6, 1998)
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class : See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote
(ii) shared power to vote or direct the vote
(iii) sole power to dispose or direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Items 5-8 of cover pages
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
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge, 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 purpose or effect.
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: July 22, 1998
/s/ Michael MacKay
By: Michael MacKay, Individual
