UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)
Gold Capital Corporation
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(Name of Issuer)
Common Stock, $0.0001 par value per share
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(Title of Class of Securities)
380548 10 7
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(CUSIP Number)
Jack Stoch With copies to:
President Paul Hilton, Esq.
Globex Mining Enterprises Inc. Laura Gill, Esq.
146 - 14th Street Davis, Graham & Stubbs LLP
Rouyn-Noranda, 370 17th Street, Suite 4700
Quebec, Canada J9X 2J3 Denver, Colorado 80202
(819) 797-5242 (303) 892-9400
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
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May 30, 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 [ ]
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 pages
<PAGE>
CUSIP No. 380548 10 7 SCHEDULE 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Globex Mining Enterprises Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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
Quebec, Canada
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 6,706,657 See Item 5.
OWNED BY ----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 6,706,657 See Item 5.
WITH ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
6,706,657 See Item 5.
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10 SHARED DISPOSITIVE POWER
6,706,657 See Item 5.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,706,657 See Items 4 and 5.
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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)
73.9%, based upon 9,073,653 shares of Common Stock outstanding as
of the date hereof. See Item 5.
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14 TYPE OF REPORTING PERSON*
CO
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Page 2 of 4 pages
<PAGE>
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is amended by the addition of the following:
(a)-(j) On May 30 ,1997, the Royalstar's shareholders
approved the sale to Globex of 4,419,110 shares of Company Common Stock
pursuant to the Purchase Agreement.
Item 5(a), (b) and (c) are amended and restated to read as follows:
(a)-(c) Pursuant to the Option Agreement, Globex is the beneficial
owner of 2,287,547 shares (25.2%) of the 9,073,653 shares of Company Common
Stock currently outstanding. Pursuant to the Purchase Agreement, Globex has
the right to acquire 4,419,110 shares (48.7%) of the outstanding shares of
Company Common Stock. Pursuant to the Merger Agreement, Globex effectively
will acquire all of the remaining 2,366,996 shares (26.1%) of the
outstanding shares of Company Common Stock. Both the Purchase Agreement and
the Merger Agreement are subject to various conditions.
Page 3 of 4 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned hereby certifies that the information as set forth in
this Amendment No. 3 to Schedule 13D is true, complete and correct.
GLOBEX MINING ENTERPRISES INC.
By: JACK STOCH
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Jack Stoch, President
Dated: June 9, 1997
Page 4 of 4 pages
