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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
BRUNSWICK TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
117394 10 6
(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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 1 of 7 pages
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CUSIP No. 117394 10 6 Page 2 of 7 Pages
13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON (Entities Only)
North Atlantic Venture Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF
262,274
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH
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7 SOLE DISPOSITIVE POWER
REPORTING
262,274
PERSON
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WITH 8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
262,274
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
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12 TYPE OF REPORTING PERSON
PN
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Page 2 of 7 pages
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Item 1(a). Name of Issuer
Brunswick Technologies, Inc.
Item 1(b). Address of Issuer's Principal Office
43 Bibber Parkway
Brunswick, Maine 04011
Item 2(a). Name of Person Filing
North Atlantic Venture Fund, L.P.
Item 2(b). Address of Principal Business Office, or if
None, Residence
70 Center Street
Portland, Maine 04101
Item 2(c). Citizenship
United States of America
Item 2(d). Title of Class of Securities
Common Stock
Item 2(e). CUSIP Number
117394 10 6
Item 3. If this statement is filed pursuant to
Rules 13d-1(b), or 13d-2(b), check whether
the person filing is a:
(a)[ ] Broker or Dealer registered under Section 15 of the Act
(b)[ ] Bank as defined in Section 3(a)(6) of the Act.
(c)[ ] Insurance Company as defined in Section 3(a)(19) of the Act.
(d)[ ] Investment Company registered under Section 8 of the Investment
Company Act.
(e)[ ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.
(f)[ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; See Rule 13d-1(b)(1)(ii)(F).
Page 3 of 7 pages
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(g)[ ] Parent Holding company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h)[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership
If the percent of the class owned, as of
December 31 of the year covered by the
statement, or as of the last day of any
month described in Rule 13d-1(b)(2), if
applicable, exceeds five percent, provide
the following information as of that date
and identify those shares which there is a
right to acquire.
(a) Amount Beneficially Owned: 262,274*
(b) Percent of Class: 5.1%
(c) Number of shares as to which such
persons has:
(i) sole power to vote or to
direct the vote: 262,274*
(ii) shared power to vote or
to direct the vote: -0-
(iii) sole power to dispose or
to direct the
disposition of: 262,274*
(iv) shared power to dispose
or to direct the
disposition of: -0-
*NOTE: The shares are beneficially owned by
North Atlantic Venture Fund, L.P. ("NAVF").
North Atlantic Capital Partners, L. P.
("NACP") is the sole general partner of
NAVF. Messrs. David M. Coit and Gregory B.
Peters, partners of NACP, hold voting and
dispositive control over the shares and have
each filed an individual Schedule 13G with
respect to the shares. Messrs. Coit and
Peters each disclaim beneficial ownership of
the shares, except to the extent of their
pecuniary interests therein.
Item 5. Ownership of Five Percent or Less of
a Class.
If this statement is being filed to report
the fact that as of the date hereof the
reporting person has ceased to be the
beneficial owner of more than five percent
of the class of securities, check the
following [ ].
Page 4 of 7 pages
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Item 6. Ownership of More than Five Percent on
Behalf of Another Person.
If any other person is known to have the
right to receive or the power to direct the
receipt of dividends from, or the proceeds
from the sale of, such securities, a
statement to that effect should be included
in response to this item and, if such
interest relates to more than five percent
of the class, such person should be
identified. A listing of the shareholders of
an investment company registered under the
Investment Company Act of 1940 or the
beneficiaries of employee benefit plan,
pension fund or endowment fund is not
required.
Inapplicable
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company.
If a parent holding company has filed this
schedule, pursuant to Rule 13d-1(b)(ii)(G),
so indicate under Item 3(g) and attach an
exhibit stating the identity and Item 3
classification of the relevant subsidiary.
If a parent holding company has filed this
schedule pursuant to Rule 13d-1(c), attach
an exhibit stating the identification of the
relevant subsidiary.
Inapplicable
Item 8. Identification and Classification of Members
of the Group.
If a parent holding company has filed this
schedule, pursuant to Rule 13d-1(b)(ii)(H),
so indicate under Item 3(h) and attach an
exhibit stating the identity and Item 3
classification of each member of the group.
If a group has filed this schedule pursuant
to Rule 13d-1(c), attach an exhibit stating
the identity of each member of the group.
Inapplicable
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be
furnished as an exhibit stating the date of
the dissolution and that all further filings
with respect to transactions in the security
reported on
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will be filed, if required, by members of
the group, in their individual capacity.
(See Item 5).
Inapplicable
Item 10. Certification.
By signing below I certify that, to the best
of my knowledge and belief, the securities
referred to above were acquired in the
ordinary course of business and were not
acquired for the purpose of and do not have
the effect of changing or influencing the
control of the issuer of such securities and
were not acquired in connection with or as a
participant in any transaction having such
purposes or effect.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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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.
NORTH ATLANTIC VENTURE FUND, L.P.
BY:
Signature: /s/ David M. Coit
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Name/Title: David M. Coit
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Date: February 12, 1998
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