DIA MET MINERALS LTD
SC 13G, 2000-04-18
METAL MINING
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                             SECURITIES AND EXCHANGE
                                   COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934


                              DIA MET MINERALS LTD.
                                (Name of Issuer)

                        Class A Subordinate Voting Shares
                         (Title of Class of Securities)


                                    25243K208
                                 (CUSIP Number)


                                December 31, 1999
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                                [ ] Rule 13d-1(b)
                                [X] Rule 13d-1(c)
                                [ ] Rule 13d-1(d)

* 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 the
disclosures provided in a prior cover page.

The information required in 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>

CUSIP No. 25243K208                   13G                     Page 2 of 15 Pages
________________________________________________________________________________
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     RT Capitial Management Canadian Equity Fund
________________________________________________________________________________
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]
________________________________________________________________________________
3.   SEC USE ONLY


________________________________________________________________________________
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     The jurisdiction of organization is Canada (federally incorporated company)


________________________________________________________________________________
              5.   SOLE VOTING POWER

                   N/A
NUMBER OF     __________________________________________________________________
SHARES        6.   SHARED VOTING POWER
BENEFICIALLY
OWNED BY EACH      591,600
REPORTING     __________________________________________________________________
PERSON WITH   7.   SOLE DISPOSITIVE POWER

                   N/A
              __________________________________________________________________
              8.   SHARED DISPOSITIVE POWER

                   591,600
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     591,600
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                          [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     6.8%
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*

                                       OO
________________________________________________________________________________

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


Item 1(a) Name of Issuer:

          DIA MET MINERALS LTD.

Item 1(b) Address of Issuer's Principal Executive Offices:

          DIA MET MINERALS LTD.
          1695 Powick Road
          Kelowna, British Columbia
          Canada V1X 4L1

Item 2(a) Name of Person Filing:

          RT Capital Management Canadian Equity Fund

Item 2(b) Address of Principal Business Office or, if None,
          Residence:

              RT Capital Management Canadian Equity Fund
              c/o RT Capital Management, Inc.
              Royal Trust Tower, P.O. Box 121
              77 King Street West, Suite 3800
              Toronto, Ontario  M5K 1H1

Item 2(c) Citizenship:
          Canada

Item 2(d) Title of Class of Securities:
          Class A Subordinate Voting Shares

Item 2(e) CUSIP Number:

          25243K208


<PAGE>


Item 3. If this statement is filed pursuant to Rules 240.13d-1(b) or
        240.13d-2(b) or (c), check whether the person filing is a:

          (a)  [_] Broker or dealer  registered  under Section 15 of the Act
               (15 U.S.C. 7Bo).

          (b)  [_] Bank as  defined  in  Section  3(a)(6)  of the Act (15 U.S.C.
               7Bc).

          (c)  [_]  Insurance  Company as defined  in  Section  3(a)(19)  of the
               Exchange Act (15 U.S.C. 7Bc).

          (d)  [_]  Investment   Company  registered  under  Section  8  of  the
               Investment Company Act of 1940 (15 U.S.C. 8a-8).

          (e)  [_]  An   Investment   Adviser   in   accordance   with   Section
               240.13d-1(b)(ii)(E);

          (f)  [_] An employee benefit plan or endowment fund in accordance with
               Section 240.13d-1(b)(1)(ii)(F);

          (g)  [_] A parent holding company or control person in accordance with
               Section 240.13d-1(b)(1)(ii)(G);

          (h)  [_] A savings  association  as  defined  in  Section  3(b) of the
               Federal Deposit Insurance Act (12 U.S.C. 1813);

          (i)  [_] A church  plan that is  excluded  from the  definition  of an
               investment  company  under  Section  3(c)(14)  of the  Investment
               Company Act of 1940 (15 U.S.C. 1813);

          (j)  [_] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).

        If this  statement is filed  pursuant to Section 240  13d-1(c),  check
        this box. [X]

Item 4. Ownership.

      (a)  Amount beneficially owned:

           591,600

      (b) Percent of class:

          6.8%

      (c) Number of shares as to which such person has:

           (i)   Sole power to vote or to direct the vote N/A

           (ii)  Shared power to vote or to direct the vote

                 591,600

           (iii) Sole power to dispose or to direct the disposition of N/A

           (iv)  Shared power to dispose or to direct the disposition of

                 591,600

                                  **[See p.3]


<PAGE>


Item 5. Ownership of Five Percent or Less of a Class.

     If this  statement  is being  filed to report  the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [_].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

     The Royal Trust Company,  as trustee,  has appointed RT Capital  Management
     Inc. ("RT Capital") as manager of the RT Capital Management Canadian Equity
     Fund ("Fund").

     Accounts  with respect to the Fund managed on a  discretionary  basis by RT
     Capital  are known to have the right to  receive or the power to direct the
     receipt  of  dividends  from,  or the  proceeds  from,  the  sale  of  such
     securities. No such account holds more than 5 percent of the class.


Item 7. Identification and Classification of the Subsidiary Which
        Acquired the Security Being Reported on by the Parent
        Holding Company.

     N/A

Item 8. Identification and Classification of Members of the Group.

     N/A

Item 9. Notice of Dissolution of Group.

     N/A

Item 10. Certification.

     By signing below I certify that, to the best of my knowledge and belief,
     the securities referred to above were acquired and are held in the ordinary
     course of business and were not acquired and are not held for the purpose
     of and do not have the effect of changing or influencing the control of the
     issuer of such securities and were not acquired and are not held in
     connection with or as a participant in any transaction having such purpose
     or effect.


<PAGE>


                             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.


                                     April 13, 2000
                             -----------------------------
                                        (Date)


                             /s/ Jennifer Lederman
                             -----------------------------
                                      (Signature)


                             Jennifer Lederman /
                             Senior Vice-President,
                             RT Capital Management Inc.
                             Authorized Signing Authority
                             -----------------------------
                                     (Name/Title)




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