SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 1 )*
InterTAN, Inc.
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
461120107
(CUSIP Number)
Michael S. Katz, Two American Lane, Greenwich, Connecticut 06836
Tel: (203) 861-8489
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 13, 1999
(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(e), 13d-1(f) or 13d-
1(g), check the following box -
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule,including all exhibits. See Section 240.13d-7(b) 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 containinginformation 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).
(Continued on the Following Pages)
(Page 1 of 4 Pages)
<PAGE>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Silverton International Fund Limited
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) -
(b) -
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC, OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) -
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* -
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
14 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!<PAGE>
This statement is filed pursuant to Rule 13d-2(a) with respect to the
common stock, $1.00 par value ("Common Stock"), of InterTAN, Inc. (the "Issuer")
beneficially owned by Silverton International Fund Limited ("Silverton") as of
January 27, 1999, and amends the Schedule 13D filed on February 18, 1997, as
amended (the "Schedule 13D"). Except as set forth herein, the Schedule 13D is
hereby restated in its entirety.
ITEM 3. Source and Amount of Funds or Other Consideration
Not Applicable.
ITEM 5. Interest in Securities of the Issuer
(a) Silverton beneficially owns no shares of Common Stock.
(b) Not Applicable.
(c) The following transactions were effected by Silverton during the past
sixty (60) days:
DATE SECURITY** AMOUNT BOUGHT (SOLD) PRICE EXCLUDING
COMMISSION
January 6, 1999 Debentures (1,250,000) $115.00*
January 11, 1999 Debentures (2,340,000) $118.22*
January 13, 1999 Debentures (780,000) $119.00*
January 13, 1999 Debentures (1,000,000) $118.50*
January 19, 1999 Debentures (2,000,000) $119.00*
January 25, 1999 Debentures (3,214,000) $129.86*
*Canadian Dollars.
** 9% Convertible Subordinated Debentures due August 30, 2000.
The above transactions were effected by Silverton over-the-counter.
(d) Not Applicable.
(e) The reporting persons ceased to be the beneficial owner of more than
5% of the Common Stock on January 13, 1999.<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete, and correct.
Dated: January 27, 1999
SILVERTON INTERNATIONAL FUND LIMITED
By: Paloma Advisors Limited (USA), as
Attorney-in-Fact
By: /s/ Michael J. Berner
Michael J. Berner
Vice President
