SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 7 for Barbara Sinclair;
Amendment No. 6 for James Sinclair)
Under the Securities Exchange Act of 1934
SUTTON RESOURCES, LTD.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
869474106
(CUSIP Number)
James Sinclair
Route 41, Amenia Road
Sharon, CT 06069
(860) 364-0164
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 25, 1997
(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 9 pages
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CUSIP NO. 869474106 Page 2 of 9 pages
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================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Barbara Sinclair
- --------------------------------------------------------------------------------
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
ITEMS 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 2,837,084
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH - 0 -
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,143,684(1)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
3,143,684(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)
11.2%
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14 TYPE OF REPORTING PERSON
IN
================================================================================
(1) Includes 306,600 shares underlying warrants
exercisable within 60 days.
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CUSIP NO. 869474106 Page 3 of 9 pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
James Sinclair
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
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
U.S.A.
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NUMBER OF 7 SOLE VOTING POWER
SHARES 171,800
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 2,837,084
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 211,800
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,143,684
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
3,355,484(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)
11.9%
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14 TYPE OF REPORTING PERSON
IN
================================================================================
(1) Includes 3,143,684 shares beneficially owned by Barbara Sinclair, in which
Mr. Sinclair disclaims economic interest.
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CUSIP NO. 869474106 Page 4 of 9 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 reported herein as being acquired by the
Reporting Persons was $214,910. The Reporting Persons used the proceeds of the
sale of the Issuer's common stock to acquire the Warrants 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 28,177,630 shares outstanding, as
reported in the Issuer'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 September 22, 1997:
(i) Mrs. Sinclair beneficially owns 3,143,684 Shares (11.2% of the
Issuer's Outstanding Shares), 304,600 of which underlie warrants
exercisable within 60 days.
(ii) Mr. Sinclair beneficially owns 3,355,484 Shares (11.9%), 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
3,355,484 Shares (11.9%).
(b) Mr. and Mrs. Sinclair share voting and dispositive power with respect
to the Shares reported in (a)(i), and Mr. Sinclair has voting and dispositive
power over the Shares reported in (a)(ii).
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CUSIP NO. 869474106 Page 5 of 9 pages
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(c)(i) In the last 60 days, the Reporting Persons have engaged in the
following transactions in the Issuer's Common Stock and Warrants:
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Transactions in Warrants*
-------------------------
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No. of Price per Purchase (P)
Date Warrants Warrant or Sale (S)
- ---- -------- ------- -----------
- --------------------------------------------------------------------------------
8/13/97 800 6.0625 (S)
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8/21/97 5,000 5.76 (P)
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8/25/97 5,000 5.42 (P)
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9/3/97 1,000 6.72 (P)
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9/5/97 2,000 6.72 (P)
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9/18/97 20,000 6.85 (P)
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9/22/97 1,000 6.70 (P)
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* Each Warrant represents the right to acquire two shares.
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CUSIP NO. 869474106 Page 6 of 9 pages
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Transactions in Common Stock
----------------------------
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No. of Price per Purchase (P)
Date Shares Share or Sale (S)
- ---- ------ ----- -----------
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7/22/97 700 7.625 (S)
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7/24/97 700 7.9375 (S)
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7/25/97 700 7.65 (S)
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7/25/97 700 7.95 (S)
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7/28/97 1,000 7.8125 (S)
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7/29/97 1,000 7.625 (S)
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7/30/97 1,000 7.50 (S)
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7/31/97 1,000 7.875 (S)
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8/1/97 1,000 8.00 (S)
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8/6/97 1,000 8.0625 (S)
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8/6/97 2,000 7.90 (S)
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8/7/97 1,000 8.0625 (S)
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8/8/97 1,500 8.125 (S)
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8/12/97 3,000 8.15 (S)
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8/13/97 1,500 8.30 (S)
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8/15/97 3,000 8.1875 (S)
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8/19/97 3,000 8.33 (S)
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8/20/97 1,500 8.6 (S)
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8/21/97 1,500 9.375 (S)
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8/21/97 2,000 9.21 (S)
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8/21/97 1,500 9.125 (S)
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8/21/97 1,500 9.39 (S)
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CUSIP NO. 869474106 Page 7 of 9 pages
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Transactions in Common Stock
----------------------------
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No. of Price per Purchase (P)
Date Shares Share or Sale (S)
- ---- ------ ----- -----------
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8/22/97 1,500 9.22 (S)
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8/22/97 1,500 9.22 (S)
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8/25/97 2,000 9.50 (S)
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8/25/97 2,000 9.50 (S)
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8/25/97 1,000 9.5625 (S)
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8/25/97 1,000 9.64 (S)
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8/26/97 1,000 9.93 (S)
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8/26/97 2,000 9.93 (S)
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8/27/97 1,500 9.15 (S)
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8/27/97 1,500 9.15 (S)
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8/28/97 1,500 9.25 (S)
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8/28/97 1,500 9.33 (S)
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8/29/97 2,000 9.4375 (S)
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9/2/97 1,000 9.625 (S)
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9/2/97 2,200 9.56 (S)
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9/3/97 3,000 9.375 (S)
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9/4/97 2,000 9.21 (S)
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9/5/97 3,000 9.125 (S)
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9/5/97 2,000 9.125 (S)
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9/8/97 2,000 9.11 (S)
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9/8/97 7,000 9.11 (S)
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9/9/97 2,000 9.23 (S)
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9/9/97 5,000 9.23 (S)
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CUSIP NO. 869474106 Page 8 of 9 pages
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Transactions in Common Stock
----------------------------
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No. of Price per Purchase (P)
Date Shares Share or Sale (S)
- ---- ------ ----- -----------
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9/11/97 4,000 9.23 (S)
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9/11/97 2,000 9.28 (S)
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9/11/97 9,000 9.28 (S)
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9/12/97 5,500 9.17 (S)
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9/15/97 2,500 9.15 (S)
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9/15/97 6,000 9.15 (S)
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9/17/97 2,000 9.05 (S)
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9/18/97 15,000 8.96 (S)
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9/19/97 2,000 8.875 (S)
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9/22/97 2,000 8.60 (S)
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9/24/97 2,000 8.60 (S)
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9/24/97 500 8.60 (S)
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9/24/97 1,900 8.60 (S)
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9/25/97 2,000 8.63 (S)
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9/25/97 500 8.60 (S)
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CUSIP NO. 869474106 Page 9 of 9 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: October 3, 1997
________________________________________
Barbara Sinclair,
by James Sinclair
________________________________________
James Sinclair
