UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Solv-Ex Corporation
(Name of Issuer)
Common Stock,
$.01 par value per share
(Title of Class of Securities)
83438010
(CUSIP Number)
Mary N. Owen, Esq. with copies to:
Director Donald P. Madden, Esq.
Deutsche Bank Securities Inc. White & Case LLP
31 West 52nd Street 1155 Avenue of the Americas
New York, NY 10019 New York, NY 10036
212-469-3754 212-819-8800
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 1, 1998
(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 [ ].
<PAGE>
SCHEDULE 13D
- ---------------------------------
CUSIP No. 83438010
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deutsche Bank AG
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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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
Federal Republic of Germany
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NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING 0
PERSON WITH ------- ------------------------------------
8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
0
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0.0%
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14 TYPE OF REPORTING PERSON
HC, BK, CO
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<PAGE>
Item 1. Security and Issuer
The response to this item set forth in the Schedule 13D relating to
Solv-Ex Corporation ("Solv-Ex") filed on October 17, 1996 (the "Original
Schedule 13D") is incorporated herein by reference as if set forth in this
amendment in its entirety.
Item 2. Identity and Background
Except for the attached Schedule A which replaces the Schedule A
referenced in the Original Schedule 13D, the response to this item set forth in
the Original Schedule 13D is incorporated herein by reference as if set forth in
this amendment in its entirety.
Item 3. Source and Amount of Funds or Other Consideration
Since no funds were used and no acquisition was made in connection
with this Schedule 13D/A filing, Item 3 is inapplicable.
Item 4. Purpose of the Transaction
Since no acquisition of securities was made in connection with this
Schedule 13D/A filing, Item 4 is inapplicable.
Item 5. Interest in Securities of the Issuer
(a) Neither Deutsche Bank AG nor any person named in Item 2 is the
beneficial owner of Common Stock of Solv-Ex.
(b) Not applicable.
(c) Pursuant to order of the United States Bankruptcy Court for the
District of New Mexico, December 1, 1998 was established as the date by which
shares of Common Stock of Solv-Ex must have been surrendered in order to entitle
the holder thereof to receive in exchange shares of a new class of common stock
of Solv-Ex and a warrant to purchase additional shares of such new common stock
of Solv-Ex. Shares of Common Stock of Solv-Ex not exchanged on or before
December 1, 1998 cease to be valid securities of Solv-Ex and any holder of
Common Stock of Solv-Ex, by failing to make such exchange, forfeits its right to
receive the new Solv-Ex common stock. Deutsche Bank AG, Alulux, Sandvest, and to
the best knowledge and belief of Deutsche Bank AG, PheMex and Silva (each of
which is described in the Original Schedule 13D) did not present for exchange
the shares of Common Stock of Solv-Ex owned or controlled by them and
consequently ceased to be shareholders of Solv-Ex on December 1, 1998.
(d) Item 5(d) is inapplicable because Deutsche Bank AG no longer owns any
shares of Solv-Ex.
(e) Deutsche Bank AG ceased to be the beneficial owner of more than five
percent of the Common Stock of Solv-Ex on December 1, 1998.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Not applicable.
Item 7. Material to be filed as Exhibits:
Not applicable.
<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.
Dated: December 11, 1998
DEUTSCHE BANK AG
By:/s/Dieter Eisele
-------------------------------------
Name: Dr. Dieter Eisele
Title: Group Head of Compliance
By:/s/Rondal Eric Powell
------------------------------------
Name: Rondal E. Powell
Title: Vice President
<PAGE>
SCHEDULE A
Each person named below is a director or executive officer of DBAG,
whose principal business is described above in Item 2.
Present Principal
Name and Citizenship Business Address Occupation or Employment
Carl L. von Boehm-Bezing Deutsche Bank AG Member of the Board of
German Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
Dr. Rolf-E. Breuer Deutsche Bank AG Member of the Board of
German Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
Michael Dobson Deutsche Bank AG Member of the Board of
United Kingdom Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
Dr. Michael Endres Deutsche Bank AG Member of the Board of
German Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
Dr. Tessen von Heydebreck Deutsche Bank AG Member of the Board of
German Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
Dr. Jurgen Krumnow Deutsche Bank AG Member of the Board of
German Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
Dr. Ronaldo H. Schmitz Deutsche Bank AG Member of the Board of
German Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
Dr. Josef Ackermann Deutsche Bank AG Member of the Board of
Swiss Taunusanlage 12 Managing Directors,
60325 Frankfurt Deutsche Bank AG
The Federal Republic
of Germany
