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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 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON (Entities Only)
Gregory B. Peters
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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
0
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 262,274
EACH
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7 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON
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WITH 8 SHARED DISPOSITIVE POWER
262,274
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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
IN
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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
Gregory B. Peters
Item 2(b). Address of Principal Business Office, or if
None, Residence
c/o North Atlantic Venture Fund, L.P.
70 Center Street
Portland, Maine 04011
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.
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(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).
(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.
<TABLE>
<S> <C>
(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: -0-
(ii) shared power to vote or to direct the vote: 262,274*
(iii) sole power to dispose or to direct the
disposition of: -0-
(iv) shared power to dispose or to direct the
disposition of: 262,274*
</TABLE>
*NOTE: The shares are beneficially owned by North Atlantic
Venture Fund, L.P. ("NAVF"). Mr. Peters is a general partner
of North Atlantic Capital Partners, L. P., the sole general
partner of NAVF, and has voting and dispositive control over
the shares. Mr. Peters disclaims beneficial ownership of the
shares, except to the extent of his pecuniary interest
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 [ ].
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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.
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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.
Date: February 12, 1998
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Signature:/s/ Gregory B. Peters
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Name/Title: Gregory B. Peters
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