UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
LARSEN, JOHN L.
877 NORTH 8TH WEST
RIVERTON, WY 82501
USA
2. Issuer Name and Ticker or Trading Symbol
RUBY MINING COMPANY
RUMC
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
MAY 31, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
CEO, PRESIDENT, TREASURER
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
$.001 PAR VALUE COMMON ST|09/07/|J-4 |11,000,000 |A |NIL |13,400,000 |I (b) |By USEG |
OCK |99 |(a) | | | | | | |
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$.001 PAR VALUE COMMON ST|01/21/|J-4 |12,730,000 |D |NIL |670,000 |I (b) |By USEG |
OCK |00 |(c) | | | | | | |
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$.001 PAR VALUE COMMON ST|5/31/0|J-4(|2,994,027 |A |NIL |3,664,027 |I (b) |By USEG |
OCK |0 |d) | | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(a) Shares received as payment of debt.
(b) Consists of shares held by U.S. Energy Corp. ("USEG"), a majority
shareholder of Ruby. The Reporting
Person is an officer and director of both USEG and Ruby. The Reporting Person
is not a controlling shareholder of
USEG, and therefore the Reporting Person does not have a pecuniary interest in
the Ruby shares held by USEG,
under Rule 16a-1(a)(2)(iii). The Reporting Person disclaims beneficial and
pecuniary interest in these shares.
(c) The reported transaction is a result of a reverse stock split on a 1 for
20 basis. Reporting of this transaction
is not required, however the Registrant has undertaken comprehensive reporting
and desires to have all share
ownership records consistent. This transaction is filed on a voluntary basis
by the Reporting Person.
(d) Shares received in lieu of payment of
debt.
NOTE: Pursuant to SEC Rule 16a-1(a)(2), information on USEG is not required,
however, Registrant has
undertaken
comprehensive disclosure and reports the Ruby shares held by USEG
as indirectly owned by the
Reporting
Person.
SIGNATURE OF REPORTING PERSON
/s/ John L. Larsen
DATE
July 25, 2000
