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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1 TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
MALLON RESOURCES CORP.
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
561240201
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(CUSIP NUMBER)
CAMBRIDGE INVESTMENTS LIMITED
600 Montgomery Street
27th Floor
San Francisco, California 94111
Tel. No.: (415) 627-3017
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Michael G. Tannenbaum, Esq.
Newman Tannenbaum Helpern Syracuse & Hirschtritt LLP
900 Third Avenue - 13th Floor
New York, New York 10022
(212) 508-6700
October 17, 1996
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(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 [ ]
Check the following box if a fee is being paid with the statement [ ]
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, as amended ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act.
Page 1 of 6 Pages
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CUSIP No. 561240201 13D
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1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Cambridge Investments Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER 453,800 shares of
SHARES | | Common Stock (See
BENEFICIALLY | | Item 5)
OWNED BY | |
EACH | 8 | SHARED VOTING POWER 0
REPORTING | |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 453,800 shares of
| | Common Stock (See
| | Item 5)
| |
| 10 | SHARED DISPOSITIVE POWER 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
453,800 shares of Common Stock (See Item 5)
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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)
10.3% of Common Stock (See Item 5)
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14 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 Pages
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SCHEDULE 13D
This Amendment No. 1 to Schedule 13D is being filed on behalf
of Cambridge Investments Limited, a California corporation, registered as an
investment advisor in the State of California, in order to correct the number of
shares of Mallon Resources Corp. reported in the previous filing.
Item 1. Security and Issuer
Securities acquired: Common Stock, $0.01 par value
Issuer: Mallon Resources Corp.
999 18th Street, Suite 1700
Denver, Colorado 80202
Tel. No. (303) 293-2333
Item 2. Identity and Background
There is no change in this section.
Item 3. Source and Amount of Funds
There is no change in this section.
Item 4. Purpose of the Transaction
There is no change in this section.
Item 5. Interest in Securities of the Issuer
(a) In the previous filing, Mr. John R. Tozzi ("Mr. Tozzi")
was inadvertently reported to be the indirect beneficial owner of 15,000 shares
of Common Stock of the Issuer, which are in fact owned by an independent third
party. Accordingly, Mr. Tozzi, directly and indirectly, may be deemed the
beneficial owner of only 140,000 shares of Common Stock, or, in the aggregate,
3.2% shares of the shares outstanding.
(b) Mr. Tozzi does not have shared power to vote or direct the
vote, or to dispose or direct the disposition of the 15,000 shares owned by the
independent third party referred to in subparagraph (a) of this Item 5.
(c) Annex A, attached hereto, has been revised since the
previous filing in order to reflect the correction.
Page 3 of 6 Pages
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(d) There is no change in this subsection.
(e) There is no change in this subsection.
Item 6. Contracts, Arrangement, Understandings or Relationships with
Respect to Securities of the Issuer
There is no change in this section.
Item 7. Material to be Filed as Exhibits
There is no change in this section.
Page 4 of 6 Pages
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ANNEX A
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DATE TRANS SHARES PRICE ACCOUNT
(A/D) ($)
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10/17/96 A 62,800 6.5000 CEF
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10/17/96 A 19,600 6.5000 CEF
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10/17/96 A 39,200 6.9128 CEF
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10/17/96 A 97,200 6.5000 CELP
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10/17/96 A 30,400 6.5000 CELP
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10/17/96 A 60,800 6.9128 CELP
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10/17/96 A 50,000 7.063 John R. Tozzi
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10/17/96 A 90,000 7.010 John R. Tozzi
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12/2/96 A 14,500 8.250 CEF
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12/2/96 D 14,500 8.250 CELP
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12/9/96 A 3,800 8.500 CEF
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Page 5 of 6 Pages
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Signatures
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: January 7, 1996
CAMBRIDGE INVESTMENTS LIMITED
By: /s/ John R. Tozzi
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John R. Tozzi,
President
Page 6 of 6 Pages
