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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment #8)*
Vengold, Inc.
- --------------------------------------------------------------------------------
Name of Issuer
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
92267K100
- --------------------------------------------------------------------------------
CUSIP Number
Cheryl Sorokin, Executive Vice President and Secretary
BankAmerica Corporation, Corporate Secretary's Office #13018
555 California Street, San Francisco, CA 94104
(415) 622-3530
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications
December 16, 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>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 92267K100 Page 2 of 11
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
The Contrarian Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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
MASSACHUSETTS
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 6,042,400
----------------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
6,042,400
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,042,400
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IV
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 92267K100 Page 3 of 11
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Robertson, Stephens & Company Investment Management, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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
CALIFORNIA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 8,430,900 shares (Includes shares held by The Robertson
Stephen Orphan Fund of which Robertson, Stephens & Company
BY EACH Investment Management, L.P. and Bayview Investors, Ltd.
are the general partners. Includes shares held by The
REPORTING Robertson Stephens Orphan Offshore Fund, L.P. of which
Robertson, Stephens & Company Investment Management, L.P.
PERSON WITH is the general partner. Includes shares held by The
Contrarian Fund of which Robertson, Stephens & Company
Investment Management, L.P. is investment adviser. See
Item 5.)
----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,430,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,430,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 92267K100 Page 4 of 11
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bayview Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 8,430,900 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Bayview Holdings, Inc. is
REPORTING managing member of Robertson, Stephens & Company Private
Equity Group, L.L.C. which is general partner of Bayview
PERSON WITH Investors, Ltd. Includes shares held by The Robertson
Stephens Orphan Offshore Fund, L.P. of which Robertson,
Stephens & Company Investment Management, L.P. is the
general partner. Includes shares held by The Contrarian
Fund of which Robertson, Stephens & Company Investment
Management, L.P. is investment adviser. Bayview Holdings,
Inc. is general partner of Robertson, Stephens & Company
Investment Management, L.P. See Item 5.)
----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,430,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,430,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 92267K100 Page 5 of 11
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Robertson Stephens Investment Management Co.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 8,430,900 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Bayview Holdings, Inc. is
REPORTING managing member of Robertson, Stephens & Company Private
Equity Group, L.L.C. which is general partner of Bayview
PERSON WITH Investors, Ltd. Includes shares held by The Robertson
Stephens Orphan Offshore Fund, L.P. of which Robertson,
Stephens & Company Investment Management, L.P. is the
general partner. Inclues shares held by The Contrarian
Fund of which Robertson, Stephens & Company Investment
Management, L.P. is investment adviser. Robertson Stephens
Investment Management Co. owns Bayview Holdings, Inc.
which is general partner of Robertson, Stephens & Company
Investment Management, L.P. See Item 5.)
----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,430,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,430,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 92267K100 Page 6 of 11
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
BankAmerica Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 8,430,900 shares (Includes shares held by The Robertson
Stephens Orphan Fund of which Robertson, Stephens &
BY EACH Company Investment Management, L.P. and Bayview Investors,
Ltd. are the general partners. Bayview Holdings, Inc. is
REPORTING managing member of Robertson, Stephens & Company Private
Equity Group, L.L.C. which is general partner of Bayview
PERSON WITH Investors, Ltd. Includes shares held by The Robertson
Stephens Orphan Offshore Fund, L.P. of which Robertson,
Stephens & Company Investment Management, L.P. is the
general partner. Inclues shares held by The Contrarian
Fund of which Robertson, Stephens & Company Investment
Management, L.P. is investment adviser. BankAmerica
Corporation wholly owns Robertson Stephens Investment
Management Co. which owns Bayview Holdings, Inc.
Bayview Holdings, Inc. is general partner of Robertson
Stephens & Company Investment Management, L.P. See
Item 5.)
----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,430,900
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,430,900
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
================================================================================
Cusip No. 92267K100 Page 7 of 11
================================================================================
Item 1. Security and Issuer.
-------------------
This Amended Schedule 13D is filed with respect to the Common Stock,
of Vengold, Inc., (The "Company") 200 Burrard Street, Suite 1688, Vancouver,
BC, Canada.
Item 2: Identity and Background.
-----------------------
This Amended Schedule 13D is filed on behalf of Robertson, Stephens &
Company Investment Management, L.P. ("Investment Adviser"), The Contrarian Fund
("Contrarian"), Robertson Stephens Investment Management Co. ("Robertson
Parent"), Bayview Holdings, Inc. ("Bayview Holdings"), and BankAmerica
Corporation ("BAC") ("Filing Parties").
This Amended Schedule 13D relates to the direct beneficial ownership
in the shares of the Company by The Robertson Stephens Orphan Fund ("Orphan"),
The Robertson Stephens Orphan Offshore Fund, L.P. ("Orphan Offshore"),
Contrarian (the "Funds"), and the indirect beneficial ownership of Bayview
Investors, Ltd. ("Bayview") Investment Adviser, Robertson, Stephens & Company
Private Equity Group, L.L.C. ("Private Equity Group"), Bayview Holdings,
Robertson Parent and BAC in the shares of the Company held by the Funds.
I. (a) Orphan is a California limited partnership. Investment Adviser and
Bayview are the general partners.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
II. (a) Orphan Offshore is a Cayman Islands limited partnership. Investment
Adviser is the general partner.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
III. (a) Contrarian is a series of Robertson Stephens Investment Trust
("RSIT"), a Massachusetts business trust. Its investment adviser is
Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
<PAGE>
================================================================================
Cusip No. 92267K100 Page 8 of 11
================================================================================
(c) registered investment company
IV. (a) Bayview is a California limited partnership and general partner of
Orphan.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) investments in securities
V. (a) Bayview Holdings is a Delaware corporation. Bayview Holdings, a
wholly owned subsidiary of Robertson Parent, is the general partner
of Investment Adviser.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) holding company
VI. (a) Investment Adviser is a California limited partnership. It is
investment adviser to Contrarian and general partner to Orphan and
Orphan Offshore.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(principal office and principal place of business)
(c) registered investment advisor
VII. (a) Robertson Parent is a Delaware corporation. It is wholly owned by
BAC. It owns Bayview Holdings.
(b) Corporate Secretary's Office #13018
555 California Street
San Francisco, CA 94104
(principal office and principal place of business)
(c) holding company
VIII. (a) Private Equity Group is a Delaware limited liability company. It is
general partner of Bayview. Bayview Holdings is managing member of
Private Equity Group.
<PAGE>
================================================================================
Cusip No. 92267K100 Page 9 of 11
================================================================================
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) holding company
IX. (a) BAC is a Delaware corporation. It wholly owns Robertson Parent.
(b) Corporate Secretary's Office #13018
555 California Street
San Francisco, CA 94104
(principal office and principal place of business)
(c) bank holding company
Certain information regarding the directors and executive officers of
the Filing Parties is set forth in Exhibit B, previously filed.
During the last five years, neither the entities mentioned above, nor,
to their best knowledge, any person named in Exhibit B, has been (a) convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (b) a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to federal or state
securities laws or finding any violation with respect to such laws.
BAC incorporates by reference the material under Item 3, "Legal
Proceedings," in its Annual Report on Form 10-K for the year ended December 31,
1996, and the material in its Current Report on Form 8-K for May 5, 1997 (File
No. 1-7377).
Item 3: Source and Amount of Funds or Other Consideration:
-------------------------------------------------
The securities with respect to which this Amended Schedule 13D is
filed were purchased by the Funds using working capital contributed by their
respective partners and shareholders.
Item 4: Purpose of Transaction:
----------------------
The securities were purchased by the Funds in the ordinary course of
business and not with the intention nor effect of changing or influencing
control of the Company. The reporting persons may sell all or part or acquire
additional securities of the Company depending on market conditions and other
economic factors. The filing of this statement shall not be construed as an
admission that BAC, Bayview Holdings or Robertson Parent is, for the purposes of
Section 13(d), or 13(g) of the Securities Exchange Act of 1934, as amended, the
beneficial owner of any securities covered by this statement.
<PAGE>
================================================================================
Cusip No. 92267K100 Page 10 of 11
================================================================================
Item 5: Interest in Securities of the Issuer:
------------------------------------
(a) (b) The aggregate number and percentage of the class of
securities identified pursuant to Item 1 of this Amended Schedule 13D
that are beneficially owned by the persons listed in Item 2 are as follows:
<TABLE>
<CAPTION>
No. of Shares
Name of Beneficially Percentage of
Beneficial Owner(1) Owned Class
- --------------------------------------------------------------------------------
<S> <C> <C>
Orphan 1,988,500 2.1%
Orphan Offshore 400,000 .4%
Contrarian 6,042,400 6.3%
Investment Adviser 8,430,900 8.8%
Bayview 1,988,500 2.1%
Bayview Holdings 8,430,900 8.8%
BAC 8,430,900 8.8%
Robertson Parent 8,430,900 8.8%
Private Equity Group 1,988,500 2.1%
</TABLE>
(1) As reflected in the cover pages, which are incorporated by reference,
certain of the reporting parties may be deemed to have beneficial ownership
of holdings of the Funds due to their management of portfolio investments
for the Funds, or due to their ownership of entities which provide such
management.
(c) The following is a list of transactions by the filing parties in the
last 60 days. All transactions were executed on the New York Stock
Exchange.
Entity Date Shares Price Transaction
------ ---- ------ ----- -----------
Orphan 12/12/97 7,300 .74 open market sale
BAC 12/15/97 2,000 .78 open market sale
Orphan 12/16/97 8,800 .83 open market sale
Orphan 12/17/97 181,400 .80 open market sale
Orphan 12/18/97 4,900 .88 open market sale
Orphan 12/19/97 70,000 .77 open market sale
Orphan 12/30/97 35,500 .87 open market sale
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
---------------------------------------------------------------------
See Item 5.
<PAGE>
================================================================================
Cusip No. 92267K100 Page 11 of 11
================================================================================
Item 7. Material to Be Filed as Exhibits.
--------------------------------
Exhibit A - Joint Filing Agreement (previously filed)
Exhibit B - Directors and Executive Officers (or persons serving in
similar capacities) of the Filing Parties
(previously filed)
Signature.
- ---------
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: January 7, 1998
THE CONTRARIAN FUND, A MASSACHUSETTS BUSINESS TRUST*
ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P.,
A CALIFORNIA LIMITED PARTNERSHIP*
BAYVIEW HOLDINGS, INC.*
BANKAMERICA CORPORATION*
ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*
*By: /s/ VENRICE R. PALMER
---------------------
Venrice R. Palmer
Senior Counsel of BankAmerica National Trust and Savings
Association and Authorized Attorney-in-Fact
