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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 8)*
Alaska Apollo Resources Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
011 900 602
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(CUSIP Number)
Douglas Mansfield, Gracechurch Securities Ltd.
21 Abbotsbury House, Abbotsbury Rd., London W14 8EN
ENGLAND
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
May 27, 1997
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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 acquisitions 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 / /.
Check the following box if a fee is being paid with the statement / /. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent of less of such class.)
(See Rule 13d-7.)
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).
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SCHEDULE 13D
CUSIP NO. 011-900-602 PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gracechurch Securities Ltd.
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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
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(E)
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
Liberia
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 903,000 shares
OWNED BY ---------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
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9 SOLE DISPOSITIVE POWER
903,000 shares
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
903,000 shares
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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)
9.99%
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14 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
CUSIP NO. 011-900-602 PAGE 3 OF 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Douglas Mansfield
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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
WC of Gracechurch Securities
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED /X/
PURSUANT TO ITEMS 2(d) OR 2(E)
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
Bahamas
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 903,000 shares
OWNED BY ---------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
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9 SOLE DISPOSITIVE POWER
903,000 shares
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
903,000 shares
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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)
9.99%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 011-900-602 PAGE 4 OF 6 PAGES
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Item 1. Security and Issuer
Common Stock no par value
Alaska Apollo Resources Inc. ("Alaska Apollo")
Item 2. Identity and Background.
(a) Name: Gracechurch Securities Ltd. ("Gracechurch")
(b) Business Address (Principal Business and Office Address):
21 Abbotsbury House
Abbotsbury Road
London W14 8EN
United Kingdom
Item 3. Sources and Amount of Funds or Other Consideration.
The disposition of 100,000 shares of Alaska Apollo was made on May 27, 1997, at
a price of $0.375 per share for a total consideration of $37,500.
Item 4. Purpose of the Transaction.
Gracechurch purchased the securities as an investment in the ordinary
course of its business.
Item 5. Interest in the Securities of the Issuer.
(a) Gracechurch owns 903,000 shares of the Common Stock no par
value of Alaska Apollo.
(b) Gracechurch has sole voting power and sole disposition power
with respect to such 903,000 shares of Common Stock of Alaska
Apollo.
(c) On the May 27, 1997, Gracechurch disposed of 100,000 shares of
Alaska Apollo no par value common stock at a price of $0.375
per share for a total consideration of $37,500.
(d) Gracechurch is controlled by Douglas Mansfield, its sole
shareholder, president, director, treasurer, and secretary.
(e) Not applicable.
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CUSIP NO. 011-900-602 PAGE 5 OF 6 PAGES
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Item 2-6 inclusive for Douglas Mansfield.
Item 2. Identity and Background.
(a) Name: Douglas Mansfield
(b) Business Address:
21 Abbotsbury House
Abbotsbury Rd.
London W14 8EN
England
Item 3. Sources and Amount of Funds or Other Consideration.
The disposition of 100,000 shares of Alaska Apollo was made on May 27, 1997, at
a price of $0.375 per share for a total consideration of $37,500.
Item 4. Purpose of the Transaction.
Gracechurch purchased the securities as an investment in the ordinary
course of its business.
Item 5. Interest in Securities of the Issuer.
(a) Gracechurch owns 903,000 shares of the Common Stock no par
value of Alaska Apollo.
(b) Gracechurch has sole voting power and sole dispositive power
with respect to such holdings of 903,000 shares of Alaska
Apollo.
(c) On the May 27, 1997, Gracechurch disposed of 100,000 shares of
Alaska Apollo at a price of $0.375 per share for a total
consideration of $37,500.
(d) Gracechurch is controlled by Douglas Mansfield, its sole
shareholder, sole director, president, treasurer, and
secretary.
(e) Not applicable.
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CUSIP NO. 011-900-602 PAGE 6 OF 6 PAGES
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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.
Gracechurch Securities Ltd.
Date: June 4, 1997 By: /s/ Douglas Mansfield
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Douglas Mansfield
/s/ Douglas Mansfield
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Douglas Mansfield
