UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-01)
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)*
ATLAS CORPORATION
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
049267305
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(CUSIP Number)
David M. Munro Copy to: Allan M. Chapin
M.I.M. Holdings Limited Sullivan & Cromwell
Level 3, West Tower 125 Broad Street
410 Ann Street New York, N.Y. 10004
Brisbane, Queensland 4000 (212) 558-4000
Australia
(011) 617-3833-8000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 23, 1998
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(Date of Event which Requires Filing of this Statement)
If a 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 forms shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
*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).
<PAGE>
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
M.I.M. Holdings Limited ("M.I.M.")
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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. SOURCE OF FUNDS Not applicable
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d)OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Queensland, Australia
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7. SOLE VOTING POWER
NUMBER OF 1,000,000 shares of Common Stock
SHARES -------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 shares of Common Stock
EACH -------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 1,000,000 shares of Common Stock
WITH -------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0 shares of Common Stock
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000,000 shares of Common Stock
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5% of Common Stock
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14. TYPE OF REPORTING PERSON CO
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(Page 2 of 4)
<PAGE>
This Amendment No. 1, dated November , 1998, amends the Schedule 13D,
dated August 17, 1994, filed on behalf of M.I.M., by adding the following
additional information:
Item 5. Interest in Securities of Issuer
The following is hereby added after the last paragraph of Item 5:
Between September 25, 1998 and October 23, 1998, M.I.M. sold 2,000,000
shares of Common Stock pursuant to the on-market sales effected through M.I.M.'s
broker as follows:
Date of Amount of
Transaction Securities Price per Share
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September 25, 1998 30,000 $0.0700
September 30, 1998 35,000 $0.0700
October 5, 1998 20,000 $0.0700
October 6, 1998 85,000 $0.0700
October 7, 1998 200,000 $0.0700
October 7, 1998 800,000 $0.0750
October 8, 1998 50,000 $0.0800
October 12, 1998 250,000 $0.0750
October 13, 1998 50,000 $0.0800
October 19, 1998 30,000 $0.0700
October 23, 1998 450,000 $0.0600
Following the sales, as of October 23, 1998, M.I.M. continued to own
1,000,000 shares of Common Stock into which warrants may be converted at the
exercise price of $7.00 per share of Common Stock (representing 3.5% of the
Common Stock outstanding). Accordingly, as of such date, M.I.M. ceased to be the
beneficial owner of more than five percent of the Common Stock.
(Page 3 of 4)
<PAGE>
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: November 2, 1998
M.I.M. Holdings Limited
By: /s/ David M. Munro
------------------------------------
Name: David M. Munro
Title: Secretary and General Counsel
(Page 4 of 4)
