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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.1)*
DAUGHERTY RESOURCES, INC.
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(Name of Issuer)
Common Shares, no par value
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(Title of Class of Securities)
238215 10 7
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(CUSIP Number)
Jayhead Investments Limited
18 York Valley Crescent
Willowdale, Ontario, Canada M2P 1A7
(416) 486-8150
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 17, 2000
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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.
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CUSIP NO. 238215 10 7 PAGE 2 of 9 PAGES
SCHEDULE 13D
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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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CUSIP NO. 238215 10 7 PAGE 3 of 9 PAGES
SCHEDULE 13D
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Morton J. Glickman
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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 BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Canadian
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 150,000
OWNED BY ---------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON WITH 68,880
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9. SOLE DISPOSITIVE POWER
150,000
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10. SHARED DISPOSITIVE POWER
68,880
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
218,880
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12. CHECK BOX 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)
6.5%
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14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): IN
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CUSIP NO. 238215 10 7 PAGE 4 of 9 PAGES
SCHEDULE 13D
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Item 1. Security and Issuer.
Common Stock, no par value.
Daugherty Resources, Inc.
120 Prosperous Place - Suite 201
Lexington, KY 40509-1800
Item 2. Identity and Background.
(a) Name: Jayhead Investments Limited.
(b) Business: 18 York Valley Crescent
Willowdale, Ontario
Canada M2P 1A7
(c) The principal business of Jayhead is investing in and holding
securities and real estate properties. The address of Jayhead's
principal business is the address given in Item 2 above.
(d) During the past five years Jayhead has not been convicted in a
criminal proceeding excluding traffic violations and similar
misdemeanors.
(e) During the past five years Jayhead has not been a party to a civil
proceeding of a judicial or administrative body of component
jurisdiction (i) as a result of which 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 security laws, or (ii) finding any violations with respect to
such laws.
(f) Jayhead is an Ontario Corporation.
Item 3. Source and Amount of Funds or Other Considerations.
Jayhead's holdings in Daugherty Resources were acquired pursuant to a
third-party transaction in the amount of $100,000.
Item 4. Purpose of Transaction.
Jayhead acquired the securities as an investment in the ordinary course
of its business.
Item 5. Interest in the security of the Issuer.
(a) Jayhead owns 50,000 shares of stock and 100,000 warrants to acquire
an additional 1000,000 shares of common stock at a price of $0.625
per share of the Issuer named in Item (1) above. Jayhead has an
interest in 68,880 shares of a total holding of 202,600 shares
owned by Alaska Investments in which it has an interest of 34%
percent.
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CUSIP NO. 238215 10 7 PAGE 5 of 9 PAGES
SCHEDULE 13D
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(d) Morton Glickman is the president and sole officer of Jayhead.
(e) not applicable.
Item 6. Contracts, Arrangement, Undertakings, or Relationships with respect to
securities of the Issuer.
Jayhead is not a party to any contracts, arrangements, understandings,
or relationship with respect to the securities of Daugherty Resources. Jayhead
is an affiliate of Alaska Investments Limted in which it owns an interest of
34%.
Item 7. Material to be filed as Exhibits.
A joint filing statement is being filed as an exhibit to the Schedule
13D.
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CUSIP NO. 238215 10 7 PAGE 6 of 9 PAGES
SCHEDULE 13D
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Item 2-6 inclusive for Morton Glickman.
Item 2. Identity and Background.
(a) Name: Morton Glickman
(b) Business Address:
18 York Valley Crescent
Willowdale, Ontario
Canada M2P 1A7
(c) Morton Glickman, an investor in real estate and securities. He is
the sole shareholder, sole director, president, treasurer and
secretary of Jayhead.
(d) During the past five years Morton Glickman has not been convicted
in a criminal proceeding (excluding traffic violations and similar
misdemeanors.)
(e) During the past five years, Morton Glickman has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction (i) as a result of which proceeding was or
is a subject of a judgment, decree, or final order enjoining any
future violations of, or prohibiting or mandating activities
subject to federal or any violation with respect to such laws.
(f) Canadian citizen.
Item 3. Source and Amount of Funds or Other Considerations.
Jayhead's holdings in Daugherty Resources were acquired pursuant to a
third-party transaction in the amount of $100,000.
Item 4. Purpose of Transaction.
Jayhead acquired the securities as an investment in the ordinary course
of its business.
Item 5. Interest in the Securities of the Issuer.
(a) Jayhead owns 50,000 shares of common stock and 100,000 warrants to
acquire 100,000 additional shares of stock of the issuer at a price of $0.625
per share. Jayhead owns 34% of Alaska Investments which owns 202,600 shares of
Daugherty Resources.
(b) Jayhead has sole voting power and sole dispositve power with
respect to such holdings of the 50,000 shares of common stock and 100,000
warrants to buy an additional 100,000 shares of Daugherty Resources. Jayhead has
a shared voting power and shared dispositive power for an additional 68,880
shares of Daugherty Resources by its holding of a 34% interest in Alaska
Investments Limited which owns 202,600 shares of Daugherty Resources.
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CUSIP NO. 238215 10 7 PAGE 7 of 9 PAGES
SCHEDULE 13D
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(c) n/a
(d) Jayhead is controlled by Morton Glickman, its sole director,
president, treasurer, and secretary.
(e) not applicable.
Item 6. Contracts, Arrangements, Understandings, or Relationships with Respect
to Securities of the Issuer.
Morton Glickman is not a party to any contracts, arrangements,
understandings, or relationships with respect to securities of Daugherty
Resources.
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CUSIP NO. 238215 10 7 PAGE 8 of 9 PAGES
SCHEDULE 13D
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Signature
After reasonable inquiry and to the best of my knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 17, 2000
By: Jayhead Investments Limited
By: /s/ Morton J. Glickman
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Morton J. Glickman, President
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CUSIP NO. 238215 10 7 PAGE 9 of 9 PAGES
SCHEDULE 13D
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Signature
After reasonable inquiry and to the best of my knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
By: Jayhead Investments Limited
By: /s/ Morton J . Glickman
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Morton J. Glickman
