SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Dayton Mining Corp.
-------------------
(Name of Issuer)
Common Stock
------------------
(Title of Class of Securities)
239902109
-----------
(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:
|X| Rule 13d-1(b)
|_| 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. 239902109 13G Page 2 of 16 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Royal Bank Investment Management Inc.
________________________________________________________________________________
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 9,000,000
OWNED BY EACH _________________________________________________________________
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH N/A
_________________________________________________________________
8. SHARED DISPOSITIVE POWER
9,000,000
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000,000
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
Foreign Investment Adviser which received SEC no-action relief to file
on Schedule 13G as a "Qualified Institutional Investor"
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 239902109 13G Page 3 of 16 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RT Investment Management Holdings Inc.
________________________________________________________________________________
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 9,010,000
OWNED BY EACH ________________________________________________________________
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH N/A
________________________________________________________________
8. SHARED DISPOSITIVE POWER
9,010,000
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,010,000
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
Foreign Investment Adviser and Mutual Fund Dealer Company which
received SEC no-action relief to file on Schedule 13G as a "Qualified
Institutional Investor"
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 239902109 13G Page 4 of 16 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Royal Trust Company
________________________________________________________________________________
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 9,000,000
OWNED BY EACH __________________________________________________________________
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH N/A
__________________________________________________________________
8. SHARED DISPOSITIVE POWER
9,000,000
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000,000
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
Foreign Trust Company which received SEC no-action
relief to file on Schedule 13G as a "Qualified
Institutional Investor"
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 239902109 13G Page 5of 16 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Royal Mutual Funds Inc.
________________________________________________________________________________
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 9,000,000
OWNED BY EACH __________________________________________________________________
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH N/A
__________________________________________________________________
8. SHARED DISPOSITIVE POWER
9,000,000
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,000,000
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
Foreign Investment Adviser and Mutual Fund Dealer which received SEC
no-action relief to file on Schedule 13G as a
"Qualified Institutional Investor"
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
Dayton Mining Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
Dayton Mining Corp.
200 Burrard St.
Ste 1610
Vancouver, BC Canada, A1
Item 2(a). Name of Person Filing:
1. Royal Bank Investment Management Inc. ("RBIM")
2. RT Investment Management Holdings Inc. ("RTIM")
3. The Royal Trust Company ("RT")
4. Royal Mutual Funds Inc. ("RMFI")
Item 2(b). Address of Principal Business Office or, if None, Residence:
1. Royal Bank Investment Management Inc.
Royal Trust Tower, P.O. Box 121
77 King Street West, Suite 3800
Toronto, Ontario M5K 1H1
2. RT Investment Management Holdings Inc.
Royal Trust Tower, P.O. Box 97
77 King Street West, Suite 3900
Toronto, Ontario M5K 1G8
3. The Royal Trust Company
Royal Trust Tower, P.O. Box 7500, Station A
77 King Street West, 6th Floor
Toronto, Ontario M5W 1P9
4. Royal Mutual Funds Inc.
Royal Trust Tower, P.O. Box 7500, Station A
77 King Street West,
Toronto, Ontario M5W 1P9
Item 2(c). Citizenship:
Canada
Item 2(d). Title of Class of Securities:
Common Stock
<PAGE>
Item 2(e). CUSIP Number:
239902109
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:
1. Royal Bank Investment Management Inc. is a Foreign Investment Adviser
which received SEC no-action relief to file on Schedule 13G as a
"Qualified Institutional Investor".
2. RT Investment Management Holdings Inc. is a Foreign Parent Holding
Company which received SEC no-action relief to file on Schedule 13G as
a "Qualified Institutional Investor".
3. The Royal Trust Company is a Foreign Trust Company which received SEC
no-action relief to file on Schedule 13G as a "Qualified Institutional
Investor".
4. Royal Mutual Funds Inc. is a Foreign Investment Adviser and Mutual
Fund Dealer that has received SEC no-action relief to file on Schedule
13G as a Qualifiied Institutional Investor.
Item 4. Ownership.
(a) Amount beneficially owned:
1. RBIM - 9,000,000
2. RTIM - 9,010,000
3. RT - 9,000,000
4. RMFI - 9,000,000
(b) Percent of class:
1. RBIM - 7.2%
2. RTIM - 7.2%
3. RT - 7.2%
4. RMFI - 7.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
(ii) Shared power to vote or to direct the vote
1. RBIM - 9,000,000
2. RTIM - 9,010,000
3. RT - 9,000,000
4. RMFI - 9,000,000
(iii) Sole power to dispose or to direct the disposition of
<PAGE>
(iv) Shared power to dispose or to direct the disposition of
1. RBIM - 9,000,000
2. RTIM - 9,010,000
3. RT - 9,000,000
4. RMFI - 9,000,000
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.
1. Royal Bank Investment Management Inc. Accounts managed on a discretionary
basis by Royal Bank Investment Management Inc., a wholly-owned subsidiary
of RT Investment Management Holdings Inc., 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% of the class.
2. RT Investment Management Holdings Inc., a foreign parent holding company
which received SEC no-action relief to file on Schedule 13G as a Qualified
Institutional Investor, is reporting holdings over which it is deemed to be
a beneficial owner by virtue of the fact that the holdings belong to client
accounts managed on a discretionary basis by RT Investment Management
Holdings Inc.'s subsidiary foreign investment advisers.
3. The Royal Trust Company, a foreign Trust Company which has received SEC
no-action relief to file on Schedule 13G as a Qualified Institutional
Investor, is reporting holdings over which it is deemed to be a beneficial
owner by virtue of its status as trustee and/or as principal.
4. RMFI, a wholly-owned subsidiary of Royal Bank of Canada, is the manager of
accounts and has delegated its investment management duties to Royal Bank
Investment Management Inc. ("RBIM"). RBIM is known to have the right to
receive or the power to direct the receipt of dividends from, or the
proceeds from, the sale of securities in such accounts. 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.
Please see attached Exhibit A, Disclosure Respecting Subsidiaries.
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
<PAGE>
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.
February 11, 2000
-------------------------------
(Date)
/s/ Jennifer Lederman
-------------------------------
(Signature)
Jennifer Lederman /
Senior Vice-President,
Compliance, Royal Bank
Investment Management Inc.
-------------------------------
(Name/Title)
<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.
February 11, 2000
-------------------------------
(Date)
/s/ Jennifer Lederman
-------------------------------
(Signature)
Jennifer Lederman /
Senior Vice-President,
Compliance, RT Investment
Management Holdings Inc.
-------------------------------
(Name/Title)
<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.
February 11, 2000
-------------------------------
(Date)
/s/ Jennifer Lederman
-------------------------------
(Signature)
Jennifer I. Lederman/
Authorized Signing Officer
The Royal Trust Company
-------------------------------
(Name/Title)
<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.
February 11, 2000
-------------------------------
(Date)
/s/ Simon Lewis
-------------------------------
(Signature)
Simon Lewis/
President
Royal Mutual Funds Inc.
-------------------------------
(Name/Title)
EXHIBIT A TO SCHEDULE 13G
ITEM 7 DISCLOSURE RESPECTING SUBSIDIARIES
RT Investment Management Holdings Inc, ("RTIM") is a parent holding company as
that term is defined by Rule 13d-1(b)(1)(ii)(G) of the Securities Exchange Act
of 1934 (the "Act") and is eligible to file on Schedule 13G pursuant to an SEC
no-action relief application. RTIM's aggregation holdings represent securities
that are beneficially owned by its subsidiaries which manage these securities on
behalf of their respective clients. RTIM's subsidiaries include, Royal Bank
Investment Management, RT Capital Management Inc., and RT Investment Counsel
Inc.
Royal Bank Investment Management Inc. ("RBIM") is a wholly-owned
subsidiary of RTIM. RBIM is a foreign investment adviser that has
received SEC no-action relief to file on Schedule 13G.
RT Capital Management Inc. ("RT Capital") is a wholly-owned
subsidiary of RTIM. RT Capital is a foreign investment adviser
that has received SEC no-action relief to file on Schedule 13G.
RT Investment Counsel Inc. ("RTIC") is a wholly-owned subsidiary
of RTIM. RTIC is a foreign investment adviser that has received
SEC no-action relief to file on Schedule 13G.
RTIM, RBIM, RT Capital and RTIC are federally incorporated Canadian corporations
whose business addresses are as follows:
RT Investment Management Royal Bank Investment
Holdings Inc. Management Inc.
Royal Trust Tower, P.O. Box 97 Royal Trust Tower, P.O. Box 97
77 King Street West, Suite 3900 77 King Street West, Suite 3800
Toronto, Ontario Toronto, Ontario
M5K 1G8 M5K 1G8
RT Capital Management Inc. RT Investment Counsel Inc.
Royal Trust Tower, P.O. Box 97 Royal Trust Tower, P.O. Box 97
77 King Street West, Suite 3700 77 King Street West, Suite 3900
Toronto, Ontario Toronto, Ontario
M5K 1G8 M5K 1G8
EXHIBIT B TO SCHEDULE 13G
JOINT FILING AGREEMENT
Each of the undersigned persons hereby agrees and consents to this joint filing
of Schedule 13G on such person's behalf, pursuant to Section 13(d) and (g) of
the Securities and Exchange Act of 1934, as amended, and the rules promulgated
thereunder. Each of these persons is not responsible for the completeness or
accuracy of the information concerning the other persons making this filing,
unless such persons know or have reason to believe that such information is
inaccurate.
Dated: February 11, 2000.
Royal Bank Investment Management Inc.
BY: /s/ Jennifer Lederman
------------------------------------
Senior Vice-President, Compliance,
and Corporate Secretary
RT Investment Management Holdings Inc.
BY: /s/ Jennifer Lederman
------------------------------------
Senior Vice-President, Compliance,
and Corporate Secretary
The Royal Trust Company
BY: /s/ Jennifer I. Lederman
------------------------------------
Authorized Signing Officer
Royal Mutual Funds Inc.
BY: /s/ Simon Lewis
------------------------------------
President
