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UNITED STATES OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 1994
Washington, D.C. 20549 Estimated average burden
hours per response....14.90
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
Rigel Energy Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, No Par Value
- -------------------------------------------------------------------------------
(Title of Class of Securities)
76655L101
- -------------------------------------------------------------------------------
(CUSIP Number)
Scott B. Bernstein, Esq.,
Caxton Corporation,
315 Enterprise Drive,
Plainsboro, NJ 08536,
(609) 936-2580
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
October 9, 1996
- -------------------------------------------------------------------------------
(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 []. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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>
SCHEDULE 13D
CUSIP NO. 76655L101 Page 2 of 11 Pages
------------ ----- -----
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Caxton International Limited
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) []
(b) []
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
British Virgin Islands
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,397,266
EACH -------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,397,266
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,397,266
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* []
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.49%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP NO. 76655L101 Page 3 of 11 Pages
------------- ------- ------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Overbrook Limited Partnership
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) []
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware, United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP NO. 76655L101 Page 4 of 11 Pages
-------------- ------ ------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce S. Kovner
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) []
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,711,400
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,711,400
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,711,400
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.84%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP NO. 76655L101 Page 5 of 11 Pages
------------- ------ -------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter P. D'Angelo
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) []
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
43,343
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 43,343
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,343
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.08%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP NO. 76655L101 Page 6 of 11 Pages
------------- ----- ------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Kovner Foundation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) []
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware, United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,314,134
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,314,134
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,314,134
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.35%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
The Schedule D, filed on or about May 10, 1996, of (i) Caxton International
Limited, a British Virgin Islands corporation ("Caxton International"); (ii)
Overbrook Limited Partnership, a Delaware limited partnership ("Overbrook");
(iii) Mr. Bruce S. Kovner; (iv) Mr. Peter P. D'Angelo and (v) Troye Limited
Partnership, a Connecticut limited partnership ("Troye"), with respect to the
shares of Common Stock, no par value (the "Common Stock"), of Rigel Energy
Corporation, an Alberta, Canada corporation (the "Company"), beneficially owned
by them, as amended by Amendment No. 1 filed on or about August 20, 1996, is
hereby amended by this Amendment No. 2 as follows:
Item 2. Identity and Background
- -------------------------------
Item 2(a) is hereby supplemented by the addition of the following:
(a) Name. In addition to the persons who previously filed
Amendment No. 1, this statement is filed by The Kovner Foundation with
respect to the shares of Common Stock beneficially owned by it.
Item 2(b) is hereby supplemented by the addition of the following:
(b) Business Address. The address of the principal business
office of The Kovner Foundation is 315 Enterprise Drive, Plainsboro,
New Jersey 08536.
Item 2(c) is hereby supplemented by the addition of the following:
(c) Principal Occupation. The business of The Kovner Foundation
and the purposes for which it is organized are exclusively religious,
charitable, scientific, literary, educational or other exempt purposes
specified in Section 501(c)(3) of the Internal Revenue Code.
Item 2(d) is hereby supplemented by the addition of the following:
(d) The Kovner Foundation has not been convicted in a criminal
proceeding.
Item 2(e) is hereby supplemented by the addition of the
following:
(e) The Kovner Foundation has not been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or state
securities laws or finding any violation with respect to such laws.
Page 7 of 11
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------
Item 3 is hereby supplemented by the addition of the following:
(3) The Common Shares beneficially owned by The Kovner Foundation
were acquired as a result of a contribution by Bruce Kovner to The
Kovner Foundation of 1,910,438 Common Shares (see Item 5(c) below).
Item 4. Purpose of Transaction
- -------------------------------
Item 4 is hereby supplemented by the addition of the following:
(4) The purpose of the acquisition of shares of Common Stock by
The Kovner Foundation is for investment. It may make further purchases
of Common Stock from time to time and may dispose of any or all of the
shares of Common Stock beneficially owned by it at any time. It has no
plans or proposals which relate to, or could result in, any of the
matters referred to in paragraphs (b) through (j), inclusive, of Item
4 of Schedule 13D. It may, at any time and from time to time, review
or reconsider its position with respect to the Common Stock of the
Company and may, at any time and from time to time, formulate plans or
proposals with respect to such matters consistent with the nature and
purposes of its business as specified in Section 501(c)(3) of the
Internal Revenue Code, but it has no present intention of doing so.
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
Item 5(a) is hereby supplemented by the addition of the following:
(a) As of the date hereof (i) Caxton International beneficially
owns 1,397,266 shares of Common Stock constituting approximately 2.49%
of the outstanding Common Stock; (ii) Overbrook beneficially owns 0
shares of Common Stock constituting 0% of the outstanding Common
Stock; (iii) Mr. Kovner beneficially owns 2,711,400 shares of Common
Stock constituting approximately 4.84% of the outstanding Common
Stock; (iv) Mr. D'Angelo beneficially owns 43,343 shares of Common
Stock constituting approximately .08% of the outstanding Common Stock;
and (v) The Kovner Foundation beneficially owns 1,314,134 shares of
Common Stock constituting approximately 2.35% of the outstanding
Common Stock. Troye ceased to beneficially own any shares of Common
Stock prior to the filing of Amendment No.1 to this Schedule 13D. By
reason of Rule 13d-3 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), Mr. Kovner may be deemed to beneficially
own the shares of Common Stock beneficially owned by each of Caxton
International and The Kovner Foundation. When such shares are totaled
(2,711,400 shares), they constitute approximately 4.84% of the
outstanding Common Stock. The percentages listed herein are calculated
based upon 56,008,100 shares of Common Stock issued and outstanding as
of August 21, 1996, based upon conversations with the Company.
Page 8 of 11
<PAGE>
Item 5(b) is hereby supplemented by the addition of the following:
(b) Mr. Kovner, as the sole member and a director of The Kovner
Foundation, has the power to vote (or direct the vote of) and to
dispose (or direct the disposition of) the shares of Common Stock
beneficially owned by The Kovner Foundation.
Item 5(c) is hereby supplemented by the addition of the following:
Effective September 26, 1996, (a) Overbrook Limited Partnership
distributed the 224,966 shares of Common Stock which it beneficially
owned to its partners on a pro rata basis as follows: (a) 2,250 shares
to Caxton Corporation; (b) 216,957 shares to Bruce Kovner, and (c)
5,759 shares to Peter D'Angelo. Caxton Corporation distributed its
2,250 shares of Common Stock to its sole shareholder, Mr. Kovner. Mr.
Kovner subsequently contributed 1,910,438 shares of Common Stock
beneficially owned by him to The Kovner Foundation.
In addition to the transactions described above, the trading
date, number of shares sold and the price per share for all
transactions by Caxton International, Mr. D'Angelo, and The Kovner
Foundation since the most recent filing on Schedule 13D are as
follows:
No. of Shares Price Per
Owner Trade Date Sold Share
Caxton International 10/8/96 220,134 CN$14.90
Peter P. D'Angelo 10/8/96 6,829 CN$14.90
The Kovner Foundation 10/8/96 207,037 CN$14.90
Caxton International 10/9/96 191,223 CN$15.45
Peter P. D'Angelo 10/9/96 5,932 CN$15.45
The Kovner Foundation 10/9/96 179,846 CN$15.45
Caxton International 10/9/96 222,671 CN$15.45
Peter P. D'Angelo 10/9/96 6,907 CN$15.45
The Kovner Foundation 10/9/96 209,422 CN$15.45
All sales were effected in brokered transactions through and pursuant
to the rules of the Toronto Stock Exchange.
Page 9 of 11
<PAGE>
Item 5(e) is hereby supplemented by the addition of the following:
(e) As of October 9, 1996, Caxton International Limited,
Overbrook Limited Partnership, Bruce S. Kovner, Peter P. D'Angelo,
Troye Limited Partnership and The Kovner Foundation all were the
beneficial owners of less than five percent of the outstanding Common
Stock.
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: October 14, 1996
CAXTON INTERNATIONAL LIMITED OVERBROOK LIMITED PARTNERSHIP
By: /s/ Nitin Aggarwal By: /s/Peter P. D'Angelo
----------------------------- ----------------------------
Name: Nitin Aggarwal Name: Peter P. D'Angelo
Title: President Title: President of Caxton Corporation,
General Partner
By: /s/ Maxwell Quin
-----------------------------
Name: Maxwell Quin
Title: Secretary
THE KOVNER FOUNDATION
By: /s/ Bruce S. Kovner
-----------------------------
Name: Bruce S. Kovner
Title: Director
/s/ Bruce S. Kovner /s/ Peter P. D'Angelo
- ---------------------------------- ----------------------------
Bruce S. Kovner Peter P. D'Angelo
Page 10 of 11
<PAGE>
Exhibit 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(f)(1)
----------------------------
The undersigned acknowledge and agree that the foregoing statement
Amendment No. 2 on Schedule 13D is filed on behalf of each of the undersigned
and that all subsequent amendments to this statement on Schedule 13D shall be
filed on behalf of each of the undersigned without the necessity of filing
additional joint acquisition statements. The undersigned acknowledge that each
shall be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
therein, but shall not be responsible for the completeness and accuracy of the
information concerning the other, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.
Dated: October 14, 1996
CAXTON INTERNATIONAL LIMITED OVERBROOK LIMITED PARTNERSHIP
By: /s/ Nitin Aggarwal By: /s/ Peter P. D'Angelo
---------------------------- ---------------------------------
Name: Nitin Aggarwal Name: Peter P. D'Angelo
Title: President Title: President of Caxton Corporation,
General Partner
By: /s/ Maxwell Quin
---------------------------
Name: Maxwell Quin
Title: Secretary
THE KOVNER FOUNDATION
By: /s/ Bruce S. Kovner
---------------------------
Name: Bruce S. Kovner
Title: Director
/s/ Bruce S. Kovner /s/ Peter P. D'Angelo
- --------------------------------- -------------------------
Bruce S. Kovner Peter P. D'Angelo
Page 11 of 11
<PAGE>
