UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Rich Coast Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
762901 10 6
(CUSIP Number)
Donna A. Key, Esq. c/o Key & Mehringer, P.C.,
555 17th Street, Suite 3405, Denver, Colorado 80202 (303) 295-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
10/31/95, 1/15/96, 5/9/96/, 7/20/97, 7/30/97, 9/8/97
(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).
CUSIP No. 762901 10 6
<PAGE>
1. Name of Reporting Person
Social Security or I.R.S. Identification No. of above Person
Robert W. Truxell (SS# ###-##-####)
2. Check the Appropriate Box If a Member of a Group
___ A
___ B
3. Sec Use Only
4. Source of Funds
PF, 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
US citizen
Number of 7. Sole Voting Power
Shares 1,127,201
Beneficially
Owned by 8. Shared Voting Power
Each 2,978,647
Reporting
Person 9. Sole Dispositive Power
With 1,127,201
10. Shared Dispositive Power
2,978,647
11. Aggregate Amount Beneficially Owned by Reporting Person
4,105,848
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares*____
13. Percent of Class Represented by Amount in Row (11)
20.1%
14. Type of Reporting Person*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
<PAGE>
Item 1. Security and Issuer
Common Stock, $.001 par value per share
Rich Coast Inc.
10200 Ford Road
Dearborn, MI 48126
Item 2. Identity and Background
(a) The Reporting Person is Robert W. Truxell
(b) The mailing and business address of the Reporting Person is:
10200 Ford Road
Dearborn, MI 48126
(c) Robert W. Truxell has been Chairman of the Board and Director since
January 1996 (employment at address listed in Item 2(b)).
(d) During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, the Reporting Person has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which the Reporting Person was
or is subject to a judgement, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violations with
respect to such laws.
(f) Robert W. Truxell is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
1,383,200 shares were acquired pursuant to the Merger Agreement dated
10/31/95 between the Issuer and Waste Reduction Systems ("WRS"). The
Reporting Person surrendered 351.50 shares of WRS in exchange for
1,383,200 shares of the Issuer. The remaining 2,722,648 shares
beneficially owned by the Reporting Person are held as options or
warrants which were granted to Robert Truxell by the issuer in
connection with services performed by him. These options and warrants
are exercisable at prices ranging from $0.18 per share to $0.25 per
share. See Attachment for a complete list of grant dates and
exercise prices for these options and warrants. If and when the
Reporting Person exercises these options and warrants, he intends to
use personal funds for the exercise price.
Item 4 Purpose of Transaction
The purpose of this filing is to report acquisitions of the Issuer's
securities by the Reporting Person. Such acquisitions occurred as a
result of a merger involving the Issuer and through the grant by the
Issuer of stock options and warrants.
Item 5 Interest in the Securities of the Issuer
(a) The Reporting Person owns 1,383,200 shares and options and warrants to
acquire 1,595,447 shares (held by Robert W. Truxell and Linda C.
Truxell jointly), and options and warrants to acquire 1,127,201 shares
(held by Robert W. Truxell individually), resulting in beneficial
ownership by the Reporting Person of an aggregate of 4,105,848
shares, representing approximately 20.1% of the Issuer's outstanding
common stock as of January 30, 1998.
(b) The Reporting Person has the power to vote, direct the vote of,
dispose of, and direct the disposition of 4,105,848 shares of common
stock.
(c) No transactions in the Issuer's common stock have been effected in the
last 60 days by the reporting Person.
(d) No other person has rights with respect to the securities beneficially
owned by the Reporting Person.
(e) Not Applicable
Item 6 Contracts, Arrangements, Understandings or Relationships with Respect
to the Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits
None
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: February 23, 1998
________________________
Robert W. Truxell
ATTACHMENT TO SCHEDULE 13D
<PAGE>
OPTIONS & WARRANTS
HELD BY
ROBERT W. TRUXELL
Shares Underlying
Date of Grant Options or Warrants Exercise Price
1/15/96 400,000 Shares $.25
5/09/96 100,000 Shares $.25
7/20/97 194,701 Shares $.20
7/20/97 232,500 Shares $.20
7/20/97 563,099 Shares * $.20
7/30/97 1,032,348 Shares * $.20
9/08/97 200,000 Shares $.18
* Held jointly by Robert and Linda Truxell
