SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 4
American Resources of Delaware, Inc.
- -----------------------------------------------------------------
(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
Various
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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 1 of 10 Pages
<PAGE>
CUSIP NO. 13D
02926 U 30 8
- -----------------------------------------------------------------
1. NAME OF REPORTING PERSON
Leonard K. Nave, Trustee
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- -----------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
-------
(b) X
-------
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3. SEC USE ONLY
- -----------------------------------------------------------------
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)
----------
- -----------------------------------------------------------------
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
993,623
- -----------------------------------------------------------------
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.
- -----------------------------------------------------------------
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)
9.7%
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14. TYPE OF REPORTING PERSON
IN
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Page 2 of 10 Pages
<PAGE>
CUSIP NO. 13D
02926 U 30 8
- -----------------------------------------------------------------
1. NAME OF REPORTING PERSON
Southern Gas Holding Company, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
61-1200618
- -----------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
-------
(b) X
-------
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3. SEC USE ONLY
- -----------------------------------------------------------------
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
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.
- -----------------------------------------------------------------
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)
9.7%
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14. TYPE OF REPORTING PERSON
CO
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Page 3 of 10 Pages
<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 304,839
------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By 993,623
------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 304,839
------------------------------
Person 10. SHARED DISPOSITIVE POWER
993,623
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Leonard K. Nave beneficially owns 1,298,462 shares of common
stock of American Resources of Delaware, Inc.
- -----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
SHARES
---------------
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4%
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14. TYPE OF REPORTING PERSON
IN
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Page 4 of 10 Pages
<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 898,028
------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By 1,596,845
------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 898,028
------------------------------
Person 10. SHARED DISPOSITIVE POWER
1,596,845
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Rick G. Avare beneficially owns 2,494,873 shares of common
stock of American Resources of Delaware, Inc.
- -----------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
SHARES
---------------
- -----------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.3%
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14. TYPE OF REPORTING PERSON
IN
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Page 5 of 10 Pages
<PAGE>
CUSIP NO. 13D
02926 U 30 8
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1. NAME OF REPORTING PERSON
Prima Capital LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
61-1278562
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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
PF, 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 602,088
------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By NONE
------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting 602,088
------------------------------
Person 10. SHARED DISPOSITIVE POWER
None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Prima Capital LLC beneficially owns 602,088 shares of common
stock of American Resources of Delaware, Inc.
- -----------------------------------------------------------------
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)
5.9%
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14. TYPE OF REPORTING PERSON
OO
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Page 6 of 10 Pages
<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:
On January 2, 1998, Mr. Avare purchased 110,000 shares of
Common Stock in a private transaction for $2.25 per share for an
aggregate of $247,500. The purchase price was paid with personal
funds.
ITEM 4. Purpose of Transaction.
----------------------
Not amended.
ITEM 5. Interest in Securities of the Issuer.
------------------------------------
Item 5 is amended to read as follows:
(a) At January 2, 1998, 10,193,676 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 9.7%
Leonard K. Nave, Trustee 993,623 9.7%
Leonard K. Nave 1,298,462 12.4%
Rick G. Avare 2,494,873 23.3%
Prima Capital LLC 602,088 5.9%
</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"):
Page 7 of 10 Pages
<PAGE>
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 304,839 (2)
Shared Voting Power 993,623 (1)
Sole Investment Power 304,839 (2)
Shared Investment Power 993,623 (1)
Rick G. Avare:
Sole Voting Power 898,028 (3)
Shared Voting Power 1,596,845 (4)
Sole Investment Power 898,028 (3)
Shared Investment Power 1,596,845 (4)
Prima Capital LLC:
Sole Voting Power None
Shared Voting Power 602,088 (5)
Sole Investment Power None
Shared Investment Power 602,088 (5)
Footnotes:
(1) Shares owned of record by Southern Gas Holding Company,
Inc.
(2) Shares and options to purchase shares owned of record
by Leonard K. Nave, individually.
(3) Shares, options and conversion rights owned of record
by Rick G. Avare.
(4) 993,623 shares owned of record by Southern Gas Holding,
602,088 shares owned of record by Prima Capital LLC,
and 1,134 shares owned of record by JJR Investments.
(5) Shares owned of record by Prima Capital LLC.
Page 8 of 10 Pages
<PAGE>
Leonard K. Nave disclaims the beneficial ownership of 60% of
the shares of Common Stock owned of record by Southern Gas
Holding Company, Inc. Rick G. Avare disclaims the beneficial
ownership of 47.5% of the shares of Common Stock owned of record
by Southern Gas Holding Company, Inc. and 80% of the shares of
Common Stock owned of record by Prima Capital LLC. 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 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.
SIGNATURE
---------
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: January 9, 1998
/s/ Leonard K. Nave
-----------------------------------
Leonard K. Nave, Individually
/s/ Leonard K. Nave
-----------------------------------
Leonard K. Nave, Trustee
/s/ Rick G. Avare
-----------------------------------
Rick G. Avare, Individually
Page 9 of 10 Pages
<PAGE>
Southern Gas Holding Company, Inc.
By: /s/ Leonard K. Nave
--------------------------------
Leonard K. Nave
President
Prima Capital LLC
By: /s/ Rick G. Avare
--------------------------------
Rick G. Avare
Administrative Member
Page 10 of 10 Pages
