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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
Under the Securities Exchange Act of 1934
GOLDBELT RESOURCES LTD. |
(Name of Issuer) |
COMMON STOCK |
(Title of Class of Securities) |
380755 |
(CUSIP Number) |
September 27, 2006 |
(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)
[
*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).
CUSIP No. | 380755 | ||||
1. Names of Reporting Persons. | |||||
I.R.S. Identification Nos. of above persons (entities only). | |||||
DUNDEE PRECIOUS METALS INC. | |||||
2. Check the Appropriate Box if a Member of a Group (See Instructions) | |||||
(a) | |||||
(b) | |||||
3. SEC Use Only | |||||
4. Citizenship or Place of Organization: | |||||
Canada | |||||
Number of | 5. Sole Voting Power | 11,708,462 Common Shares | |||
Shares | |||||
Beneficially | 6. Shared Voting Power | 0 | |||
Owned by | |||||
Each | 7. Sole Dispositive Power | 11,708,462 Common Shares | |||
Reporting | |||||
Person With | 8. Shared Dispositive Power | 0 | |||
9. Aggregate Amount Beneficially Owned by Each Reporting Person 11,708,462 Common Shares | |||||
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | |||||
11. Percent of Class Represented by Amount in Row (9) 19.8% | |||||
12. Type of Reporting Person (See Instructions) CO | |||||
Item 1.
(a) Name of Issuer
Goldbelt Resources Ltd.
Item 1.
(b) Address of Issuer's Principal Executive Offices
Sterling Tower, 372 Bay Street, Suite 1201, Toronto, Ontario, Canada, M5H 2W9
Item 2.
(a) Name of Person Filing
Dundee Precious Metals Inc.
Item 2.
(b) Address of Principal Business Office or, if none, Residence
Royal Bank Plaza, 200 Bay Street, Suite 3060, Toronto, Ontario, M5H 4A9
Item 2.
(c) Citizenship
Canada
Item 2.
(d) Title of Class of Securities
Common Stock
Item 2.
(e) CUSIP Number
380755
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 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. 78o). |
(b) | [ | ] | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
(c) | [ | ] | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
(d) | [ | ] | Investment company registered under section 8 of the Investment Company Act of 1940 |
(15 U.S.C 80a-8). | |||
(e) | [ | ] | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
(f) | [ | ] | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
(g) | [ | ] | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
(h) | [ | ] | A savings associations 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. 80a-3); | |||
(j) | [ | ] | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
Item 4. Ownership.
(a) Amount beneficially owned: See No. 9 above.
(b) Percent of class: See No. 11 above
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
See Nos. 5-8 above.
Item 5. Ownership of Five Percent or Less of a Class
Not
Applicable
Item 6. Ownership of More than
Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and
Classification of the Subsidiary Which Acquired the Security Being Reported on
By the Parent Holding Company
Not Applicable
Item 8. Identification and
Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of
Group
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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: October 3rd, 2006
By: |
"Jonathan Goodman" |
Jonathan Goodman |
President and CEO |
Dundee Precious Metals Inc. |