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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 5 for Barbara Sinclair;
Amendment No. 4 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)
March 21,1997
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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 5 pages
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CUSIP NO. 869474106 Page 2 of 5 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 OR ORGANIZATION
U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 0
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | 1,521,742
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 0
| 10 | SHARED DISPOSITIVE POWER
| | 1,521,742
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,524,742(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)
12.0%
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14 TYPE OF REPORTING PERSON
IN
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(1) Includes 2,500 shares underlying warrants exercisable within 60 days.
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CUSIP NO. 869474106 Page 3 of 5 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 OR ORGANIZATION
U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 130,000
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | 1,521,742
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 130,000
| 10 | SHARED DISPOSITIVE POWER
| | 1,521,742
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,654,242(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)
13.0%
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14 TYPE OF REPORTING PERSON
IN
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(1) Includes 1,524,242 shares beneficially owned by Barbara Sinclair, in which
Mr. Sinclair disclaims economic interest.
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CUSIP NO. 869474106 Page 4 of 5 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
Mr. Sinclair used personal funds in the amount of cdn
$1,656,200 to acquire the Shares reported herein by exercise of
stock options.
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 12,712,815 shares
outstanding, as reported in the Isuer's most recently available Form 6-K.
As of the close of business on March 19, 1997:
(i) Mrs. Sinclair beneficially owns 1,524,242
Shares (12.0% of the Issuer's Outstanding Shares), 2,500 of which underlie
warrants exercisable within 60 days.
(ii) Mr. Sinclair beneficially owns 1,654,242
Shares (13.0%), 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 1,654,242 Shares (13%).
(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).
(c)(i) Since the date of the last amendment to the Reporting
Persons' Schedule 13D, Mrs. Sinclair has engaged in the following sales of the
Issuer's common stock:
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CUSIP NO. 869474106 Page 5 of 5 pages
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No. of
Date Shares Price per Share
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March 5, 1997 2,000 $ 20.05
March 6, 1997 5,000 20.65
March 10, 1997 3,000 21.10
March 18, 1997 10,000 21.25
On March 17, 1997, Mr. Sinclair exercised options granted to
him on February 26, 1993 to acquire 130,000 Shares at cdn $12.74 per share.
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: March 21, 1997
/s/ James Sinclair
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Barbara Sinclair,
by James Sinclair
/s/ James Sinclair
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James Sinclair
