SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 2
American Resources of Delaware, Inc.
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(Name of Issuer)
Common Stock ($.00001 Par Value)
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(Title of Class of Securities)
02926 U 30 8
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(CUSIP No.)
Leonard K. Nave
Rick G. Avare
160 Morgan Street
Versailles, KY 40383
(606)873-5455
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Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications
April 15, 1997
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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
Statement and is filing this Statement because of Rule 13d-1 (b)(3)
or (4), check the following box: ( )
Check the following box if a fee is being paid with this Statement:
<PAGE>
CUSIP NO. 13D
02926 U 30 8
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1. NAME OF REPORTING PERSON
Leonard K. Nave, Trustee
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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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
00
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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
USA
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Number of 7. SOLE VOTING POWER
Shares None
-------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By 993,623
-------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting None
-------------------------------
Person 10. SHARED DISPOSITIVE POWER
With 993,623
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Leonard K. Nave, Trustee, beneficially owns 993,623 shares of
common stock of American Resources of Delaware, Inc.
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
SHARES
----------
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.14%
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
CUSIP NO. 13D
02926 U 30 8
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1. NAME OF REPORTING PERSON
Southern Gas Holding Company, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
61-1200618
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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
00
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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
Kentucky
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Number of 7. SOLE VOTING POWER
Shares None
-------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By 993,623
-------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting None
-------------------------------
Person 10. SHARED DISPOSITIVE POWER
With 993,623
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Southern Gas Holding Co. beneficially owns 993,623 shares of
common stock of American Resources of Delaware, Inc.
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
SHARES
--------
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.14%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
CUSIP NO. 13D
02926 U 30 8
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1. NAME OF REPORTING PERSON
Leonard K. Nave
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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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
BK, PF, OO
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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
USA
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Number of 7. SOLE VOTING POWER
Shares 275,639
-------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By 1,141,105
-------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 275,639
-------------------------------
Person 10. SHARED DISPOSITIVE POWER
With 1,141,105
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Leonard K. Nave beneficially owns 1,416,744 shares of common
stock of American Resources of Delaware, Inc.
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
SHARES
----------
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.08%
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
CUSIP NO. 13D
02926 U 30 8
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1. NAME OF REPORTING PERSON
Rick G. Avare
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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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
BK,PF,OO,SC
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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
USA
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Number of 7. SOLE VOTING POWER
Shares 758,532
-------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By 1,439,721
-------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 758,532
-------------------------------
Person 10. SHARED DISPOSITIVE POWER
With 1,439,721
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Rick G. Avare beneficially owns 2,198,253 shares of common
stock of American Resources of Delaware, Inc.
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
SHARES
----------
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.85%
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
ITEM 1. Security and Issuer.
-------------------
Not Amended.
ITEM 2. Identity and Background.
-----------------------
Not Amended.
ITEM 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Item 3 is amended to add the following at the end thereof:
From April 9, 1997 through April 15, 1997, Prima Capital LLC
purchased 150,000 shares of ARI Common Stock in market transactions
for prices ranging from 2 1/4 to 2 9/32 per share for an aggregate
purchase price, including commissions, of $347,871.
The purchases were paid for out of Prima Capital LLC's available
cash funds.
ITEM 4. Purpose of Transaction.
----------------------
Not Amended.
ITEM 5. Interest in Securities of the Issuer.
------------------------------------
(a) At March 17, 1997, 7,562,283 shares of Common Stock were
issued and outstanding. The reporting persons identified in ITEM 2
above, beneficially own the following shares of ARI Common Stock:
<TABLE>
Reporting Person No. Shares Percent
---------------- ---------- -------
<S> <C> <C>
Southern Gas Holding 993,623 13.14%
Leonard K. Nave, Trustee 993,623 13.14%
Leonard K. Nave 1,416,744 18.08%
Rick G. Avare 2,198,253 24.85%
</TABLE>
(b) The reporting persons have the following sole or shared
power to vote shares of ARI Common Stock ("Voting Power") and the
sole or shared power to dispose of shares of ARI Common Stock
("Investment Power"):
Southern Gas Holding:
Sole Voting Power None
Shared Voting Power 993,623 (1)
Sole Investment Power None
Shared Investment Power 993,623 (1)
Leonard K. Nave, Trustee:
Sole Voting Power None
Shared Voting Power 993,623 (1)
Sole Investment Power None
Shared Investment Power 993,623 (1)
Leonard K. Nave
Sole Voting Power 275,639 (2)
Shared Voting Power 1,141,105 (3)
Sole Investment Power 275,639 (2)
Shared Investment Power 1,141,105 (3)
Rick G. Avare:
Sole Voting Power 758,532 (4)
Shared Voting Power 1,439,721 (5)
Sole Investment Power 758,532 (4)
Shared Investment Power 1,439,532 (5)
Footnotes:
(1) Shares owned of record by Southern Gas Holding.
(2) Shares and options to purchase shares owned of
record by Leonard K. Nave, individually.
(3) 993,623 shares owned of record by Southern Gas
Holding and 147,482 shares owned jointly by Leonard
K. Nave, Douglas L. Hawthorne, Andrew J. Kacic,
Donald A. Schellpfeffer and Rick G. Avare, all of
whom are directors of ARI.
(4) Shares, options and conversion rights owned of
record by Rick G. Avare.
(5) 993,623 shares owned of record by Southern Gas
Holding, 297,482 shares owned of record by Prima
Capital LLC, 1,134 shares owned of record by JJR
Investments and 147,482 shares owned jointly by
Rick G. Avare, Leonard K. Nave, Andrew J. Kacic,
Douglas L. Hawthorne and Donald A. Schellpfeffer,
all of whom are directors of ARI.
Leonard K. Nave disclaims the beneficial ownership of 60% of
the shares of ARI Common Stock owned of record by Southern Gas
Holding and 80 % of the shares of ARI Common Stock owned jointly by
Messrs. Nave, Hawthorne, Kacic, Schellpfeffer and Avare. Rick G.
Avare disclaims the beneficial ownership of 47.5% of the shares of
ARI Common Stock owned of record by Southern Gas Holding, 80% of
the shares of ARI Common Stock owned of record by Prima Capital LLC
and 80% of the shares of ARI Common Stock owned jointly by Messrs.
Nave, Hawthorne, Kacic, Schellpferrer and Avare. The filing of this
Schedule 13D shall not be construed as an admission by either
Leonard K. Nave or Rick G. Avare that such persons, for the
purposes of Section 13(d) or 13(g) of the Securities Exchange Act
of 1934, as amended, is the beneficial owner of such shares of ARI
Common Stock.
ITEM 6. Contracts, Arrangements, Understandings or Relationships
--------------------------------------------------------
With Respect to Securities of the Issuer.
----------------------------------------
Not Amended.
ITEM 7. Material to be Filed as Exhibits.
--------------------------------
Not Amended.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
Date: April 23, 1997
s/Leonard K. Nave
-----------------------------
Leonard K. Nave, Individually
s/Leonard K. Nave
-----------------------------
Leonard K. Nave, Trustee
s/Rick G. Avare
-----------------------------
Rick G. Avare, Individually
Southern Gas Holding Company, Inc.
By: s/Leonard K. Nave
------------------------------
Leonard K. Nave
President
