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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 6 for Barbara Sinclair;
Amendment No. 5 for James Sinclair)
Under the Securities Exchange Act of 1934
SUTTON RESOURCES, LTD.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
869474106
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(CUSIP Number)
James Sinclair
Route 41, Amenia Road
Sharon, CT 06069
(860) 364-0164
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 12,1997
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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 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 [ ].
Page 1 of 7 pages
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CUSIP NO. 869474106 Page 2 of 7 pages
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1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Barbara Sinclair
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | -0-
BENEFICIALLY |-----|--------------------------------------------------------
OWNED BY | 8 | SHARED VOTING POWER
EACH | | 2,922,284
REPORTING |-----|--------------------------------------------------------
PERSON WITH | 9 | SOLE DISPOSITIVE POWER
| | -0-
|-----|--------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | 3,198,084(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,198,084(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.6%
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14 TYPE OF REPORTING PERSON
IN
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(1) Includes 275,800 shares underlying warrants (giving effect to
2 for 1 stock split) exercisable within 60 days.
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CUSIP NO. 869474106 Page 3 of 7 pages
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1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
James Sinclair
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 260,100
BENEFICIALLY |-----|--------------------------------------------------------
OWNED BY | 8 | SHARED VOTING POWER
EACH | | 2,922,284
REPORTING |-----|--------------------------------------------------------
PERSON WITH | 9 | SOLE DISPOSITIVE POWER
| | 260,100
|-----|--------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | 3,198,084
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,458,184(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%
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14 TYPE OF REPORTING PERSON
IN
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(1) Includes 3,198,084 shares beneficially owned by Barbara Sinclair,
in which Mr. Sinclair disclaims economic interest.
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CUSIP NO. 869474106 Page 4 of 7 pages
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AMENDMENT TO
STATEMENT FOR SCHEDULE 13D
This statement amends Items 3 and 5 of the Statement to the Schedule
13D filed with the Commission on January 25, 1996, as subsequently amended, on
behalf of Barbara Sinclair and James Sinclair (the "Reporting Persons") with
respect to the common stock of Sutton Resources, Ltd. (the "Issuer").
Item 3. Source and Amount of Funds
The net cost of the Warrants and Shares reported herein as being
acquired by Mrs. Sinclair was $929,638 and $289,497, respectively. Mrs. Sinclair
used the proceeds of the sale of the Issuer's common stock to acquire the
Warrants and Shares reported herein.
Item 5. Interest in Securities of the Issuer.
(a) The aggregate percentage of shares of Common Stock reported owned
by each person named herein is based upon 25,425,630 shares outstanding, as
reported in the Isuer's most recently available Form 6-K, as adjusted for a
two-for-one split announced by the Issuer.
As of the close of business on May 12, 1997:
(i) Mrs. Sinclair beneficially owns 3,198,084 Shares (12.6% of
the Issuer's Outstanding Shares), 275,800 of which underlie warrants exercisable
within 60 days.
(ii) Mr. Sinclair beneficially owns 3,458,184 Shares (13.6%),
which include the Shares reported as beneficially owned by Mrs. Sinclair. Mr.
Sinclair expressly disclaims economic interest in any of the Shares beneficially
owned by Mrs. Sinclair.
(iii) In the aggregate, the Reporting Persons beneficially own
3,458,184 Shares (13.6%).
(b) Mr. and Mrs. Sinclair share voting and dispositive power with
respect to the Shares reported in (a)(i), and Mr.
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CUSIP NO. 869474106 Page 5 of 7 pages
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Sinclair has voting and dispositive power over the Shares reported in (a)(ii).
(c)(i) Since the date of the last amendment to the Reporting Persons'
Schedule 13D, Mrs. Sinclair has engaged in the following transactions in the
Issuer's Common Stock and Warrants:
Transactions
in Warrants
No. of Price per Purchase (P)
Date Warrants Warrant or Sale (S)
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March 27, 1997 5,000 $ 4.74 P
April 3, 1997 1,500 4.55 P
April 11, 1997 18,000 5.57 P
April 14, 1997 6,000 5.05 P
April 14, 1997 12,000 4.76 P
April 18, 1997 700 5.64 P
April 18, 1997 200 6.95 S
April 21, 1997 32,500 7.49 P
April 22, 1997 35,000 7.54 P
April 22, 1997 200 7.60 S
April 25, 1997 10,000 7.55 P
May 5, 1997 14,200 7.46 P
May 9, 1997 900 7.58 P
Transactions
in Common Stock
No. of Price per Purchase (P)
Date Shares Share or Sale (S)
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March 19, 1997 2,500 $22 3/4 S
March 19, 1997 2,500 23.21 S
March 19, 1997 2,500 23 1/5 S
March 19, 1997 5,000 22.40 S
April 14, 1997 2,000 16 3/4 S
April 14, 1997 1,000 16 3/4 S
April 14, 1997 1,500 15 5/8 S
April 14, 1997 7,500 15.60 S
April 14, 1997 1,000 15.00 S
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CUSIP NO. 869474106 Page 6 of 7 pages
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No. of Price per Purchase (P)
Date Shares Share or Sale (S)
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April 14, 1997 500 14 7/8 S
April 15, 1997 1,200 15 1/8 S
April 17, 1997 500 18.00 S
April 18, 1997 3,500 18 1/4 S
April 21, 1997 2,300 19.45 S
April 21, 1997 3,800 18 5/8 S
April 21, 1997 1,000 18 3/4 S
April 21, 1997 1,500 19.00 S
April 21, 1997 2,500 19 5/8 S
April 22, 1997 19,800 18.03 S
April 25, 1997 2,000 18 3/4 S
May 5, 1997 9,700 8 1/2 S
May 5, 1997 2,200 8 1/2 S
May 6, 1997 1,000 8 5/8 S
May 7, 1997 1,000 9.00 P
May 7, 1997 1,000 9 1/8 P
May 7, 1997 12,000 9.13 P
May 7, 1997 1,000 9 1/4 P
May 9, 1997 1,700 8 4/5 P
May 9, 1997 2,700 9.06 P
May 9, 1997 3,000 9 1/4 P
May 12, 1997 7,500 9.39 P
The prices set forth above and number of Shares or Warrants are not
adjusted for the stock split, but represent the actual transactions.
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CUSIP NO. 869474106 Page 7 of 7 pages
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SIGNATURES
After reasonable inquiry and to the best of each Reporting Person's
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete, and correct.
Dated: May __, 1997
______________________________
Barbara Sinclair,
by James Sinclair
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James Sinclair
