UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
GOLF VENTURES, INC.
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(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
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(Title of Class of Securities)
38168202
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(CUSIP Number)
WILLIAM W. CHANDLER
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CREDIT SUISSE FIRST BOSTON CORPORATION
11 MADISON AVENUE
NEW YORK, NEW YORK 10010-3629
(212) 325-2911
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
DECEMBER 22, 1998
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(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
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>
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CUSIP No. 38168202 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Credit Suisse First Boston, on behalf of the Credit Suisse First Boston
business unit
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a) |_| (b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK 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
Switzerland
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7 SOLE VOTING POWER
17,460,182
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NUMBER OF 8 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY ------ ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 17,460,182
PERSON
WITH ------ ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,460,182
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.39%
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14 TYPE OF REPORTING PERSON (See Instructions)
BK, HC, OO
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<PAGE>
This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") amends Items
3 and 5 of the Schedule 13D, dated September 16, 1998 (the "Original Schedule
13D"), filed by the Reporting Person to reflect subsequent dispositions of
Common Stock by the Reporting Person. Capitalized terms not otherwise defined
herein shall have the meanings ascribed to such terms in the Original Schedule
13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is amended by appending the following:
On December 22, 1998, Golf Ventures, Inc. ("the Corporation") transferred
to Credit Suisse First Boston Mortgage Capital, LLC, ("CSFBMC"), a wholly-owned
subsidiary of CSFBC, 3,812,000 shares of Common Stock of the Corporation, which
shares were subsequently transferred to CSFBC, in consideration of services and
other good and valuable consideration provided pursuant to the letter agreement
(the "September Letter Agreement") regarding a structuring advisory fee, dated
as of September 3 1998, among CSFBMC, the Corporation and the subsidiaries of
the Corporation named therein.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5(a) is amended by appending the following:
As of December 31,1998, according to the Corporation, the Corporation had
71,577,442 shares of Common Stock outstanding. The Reporting Person is the
beneficial owner of 17,460,182 shares of Common Stock, or 24.39% of the
outstanding Common Stock.
Item 5(b) is amended by appending the following:
As of the date of this Amendment No. 1, the Reporting Person has the sole
power to vote, or to direct the vote of, 17,460,182 shares of Common Stock and
the sole power to dispose of, or to direct the disposition of, 17,460,182 shares
of Common Stock.
Item 5(c) is amended by appending the following:
On December 22, 1998, the Reporting Person acquired 3,812,000 shares of
Common Stock pursuant to the September Letter Agreement on which date the price
of Common Stock closed at $ 0.75 per share.
Page 3 of 4 Pages
<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: February 9, 1999
CREDIT SUISSE FIRST BOSTON CORPORATION
By: /s/ William M. Chandler
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Name: William M. Chandler
Title: Director
Page 4 of 4 Pages
