SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Rigel Energy Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
76655L101
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(CUSIP Number)
August 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
* 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>
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CUSIP No. 76655L101 13G Page 2 of 7 Pages
- ---------------------------- ---------------------------
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Royal Trust Company
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
The jurisdiction of organization is Canada (federally incorporated
company)
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5. SOLE VOTING POWER
NUMBER OF -----------------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY 6,050,562
OWNED BY EACH -----------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
6,050,562
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,050,562
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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
10.75%
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12. TYPE OF REPORTING PERSON*
Foreign Trust Company which received SEC
no-action relief to file on Schedule 13G as a "Qualified
Institutional Investor"
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
Rigel Energy Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
Rigel Energy Corporation
255 5th Avenue S.W.
Calgary, Alberta
Canada, T2P 2G6
(403) 267-3000
Item 2(a). Name of Person Filing:
The Royal Trust Company ("RT")
Item 2(b). Address of Principal Business Office or, if None, Residence:
The Royal Trust Company
Royal Trust Tower, P.O. Box 7500, Station A
77 King Street West, 6th Floor
Toronto, Ontario M5W 1P9
Item 2(c). Citizenship:
Canada
Item 2(d). Title of Class of Securities:
Common
Item 2(e). CUSIP Number:
76655L101
<PAGE>
Item 3. If this statement is filed pursuant to Rules 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
The Royal Trust Company is a Foreign Trust Company which received
SEC no-action relief to file on Schedule 13G as a "Qualified
Institutional Investor".
Item 4. Ownership.
(a) Amount beneficially owned:
6,050,562
(b) Percent of class:
10.75%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
(ii) Shared power to vote or to direct the vote
6,050,562
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
6,050,562
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 [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The Royal Trust Company, a foreign Trust Company which has received
SEC no-action relief to file on Schedule 13G as a Qualified
Institutional Investor, is reporting holdings over which it is deemed
to be a beneficial owner by virtue of its status as trustee and/or as
principal.
<PAGE>
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
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 and
are not held in connection with or as a participant in any transaction
having such purpose or effect.
<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.
Thursday, September 10, 1998
---------------------------------
(Date)
/s/ Nicolas W.R. Burbidge
---------------------------------
(Signature)
Nicolas W.R. Burbidge/
Director, Corporate Compliance
The Royal Trust Company
---------------------------------
(Name/Title)
