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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
APEX SILVER MINES LIMITED
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(Name of Issuer)
Ordinary Shares, $.01 par value
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(Title of Class of Securities)
GO474 10 3
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(CUSIP Number)
Stephen R. Nelson, Esq.
Moore Capital Management, Inc.
1251 Avenue of the Americas
New York, New York
10020
(212) 782-7102
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 26, 1998
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(Date of Event which Requires Filing 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 [ ].
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SCHEDULE 13D
CUSIP No. GO474 10 3
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Moore Capital Management, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
NUMBER OF
SHARES 2,259,342
BENEFICIALLY
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
2,259,342
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,259,342
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
14. TYPE OF REPORTING PERSON*
CO, IA
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SCHEDULE 13D
CUSIP No. GO474 10 3
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Louis M. Bacon
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
NUMBER OF
SHARES 2,817,600
BENEFICIALLY
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
2,817,600
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,817,600
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.6%
14. TYPE OF REPORTING PERSON*
IN, IA
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SCHEDULE 13D
CUSIP No. GO474 10 3
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Moore Global Investments, Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Bahamas
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
NUMBER OF
SHARES 2,259,342
BENEFICIALLY
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
2,259,342
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,259,342
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
14. TYPE OF REPORTING PERSON*
CO
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This statement amends and supplements the information set forth in the
Schedule 13D filed by the Reporting Persons (as defined therein) with the
Securities and Exchange Commission on December 5, 1997, as amended, and
constitutes Amendment No. 2 to the Schedule 13D. Capitalized terms used herein
without definition shall have the meaning assigned to such terms in the Schedule
13D.
Item 3. Sources and Amounts of Funds or Other Consideration
The first sentence of Item 3 is revised and amended in its entirety as set
forth below.
MGI and the Fund expended an aggregate of approximately $27,104,650 of
working capital to purchase the 2,817,600 Ordinary Shares held by them.
Item 5. Interest in Securities of the Issuer
Items 5(a) through 5(c) are revised and amended in their entirety as set
forth below.
(a)-(b) On the date of this Statement:
(i) Mr. Bacon is deemed to have beneficial ownership for purposes of
Section 13(d) of the Securities Exchange Act of 1934 ("Beneficial Ownership") of
2,817,600 Ordinary Shares by virtue of his control of MCM and the general
partner of the Fund. Such shares represent 14.6% of the issued and outstanding
Ordinary Shares. Also by virtue of his control of MCM and the general partner of
the Fund, Mr. Bacon is deemed to share voting power and dispositive power over
the Ordinary Shares held by MGI and the Fund.
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(ii) MCM is deemed to have Beneficial Ownership of 2,259,342 Ordinary
Shares by virtue of its position as discretionary investment manager of MGI.
Such shares represent 11.7% of the issued and outstanding Ordinary Shares. MCM
is vested with the power to direct disposition of the Ordinary Shares held by
MGI and shares with MGI and Mr. Bacon voting power over such Ordinary Shares.
(iii) MGI has Beneficial Ownership of 2,259,342 Ordinary Shares held by it.
Such shares represent 11.7% of the issued and outstanding Ordinary Shares. MGI
currently does not exercise dispositive power over such shares but could obtain
such power within 60 days if MGI exercised its right to terminate its trading
dvisory agreement with MCM.
The percentages used herein are calculated based upon the 19,348,076
Ordinary Shares stated to be issued and outstanding at May 8, 1998, as reflected
in the Company's report on Form 10-Q for the quarter ended March 31, 1998.
To the best knowledge of the Reporting Persons, none of the persons named
in Schedule I, other than Mr. Bacon, has or is deemed to have Beneficial
Ownership of the Ordinary Shares.
(c) On June 26, 1998, MGI and the Fund purchased in an over-the-counter
transaction 344,482 and 75,618 Ordinary Shares, respectively, at a price per
share of $9.00. Such purchases were the only transactions effected by the
Reporting Persons with respect to Ordinary Shares since the filing of Amendment
No. 1 to the Schedule 13D on May 12, 1998.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: June 30, 1998
MOORE CAPITAL MANAGEMENT, INC.
By: /s/ Stephen R. Nelson
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Name: Stephen R. Nelson
Title: Vice President
LOUIS M BACON
By: /s/ Stephen R. Nelson
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Stephen R. Nelson
Attorney in Fact
MOORE GLOBAL INVESTMENTS, LTD.
By: /s/ Stephen R. Nelson
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Name: Stephen R. Nelson
Title: Attorney in Fact
