-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Myeb4cs3Dl429FFr6vGcfEr4mClPm8mFgJj5PPGcVA0LVd8VvSh9Ee1sZPci895M QhmKRBgxp2cU/i90viU9+w== 0000897069-07-000287.txt : 20070206 0000897069-07-000287.hdr.sgml : 20070206 20070206114341 ACCESSION NUMBER: 0000897069-07-000287 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070206 DATE AS OF CHANGE: 20070206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: International KRL Resources Corp. CENTRAL INDEX KEY: 0001297467 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80204 FILM NUMBER: 07583170 BUSINESS ADDRESS: STREET 1: SUITE 1640 - 1066 WEST HASTINGS STREET STREET 2: BOX 12543 CITY: VANCOUVER STATE: A1 ZIP: V6E 3X1 BUSINESS PHONE: (604) 689-0299 MAIL ADDRESS: STREET 1: SUITE 1640 - 1066 WEST HASTINGS STREET STREET 2: BOX 12543 CITY: VANCOUVER STATE: A1 ZIP: V6E 3X1 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENT BEAR FUNDS INC c/o US Bancorp Fund Services, LLC CENTRAL INDEX KEY: 0001002903 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 800-711-1848 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET STREET 2: P.O. BOX 701 CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENT BEAR FUNDS INC DATE OF NAME CHANGE: 19951031 SC 13G/A 1 cmw2565.htm AMENDMENT NO. 1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

INTERNATIONAL KRL RESOURCES CORP.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

45972T105
(CUSIP Number)

December 31, 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:

  [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 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).

(Continued on following page(s))
Page 1 of 5 Pages

CUSIP No. 45972T105

1



 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

David W. Tice & Associates, LLC – 66-0623243
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

Not Applicable
(a)   [  ]
(b)   [  ]
3

 SEC USE ONLY

4


 CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
NUMBER OF

SHARES 		5


 SOLE VOTING POWER

-0-
BENEFICIALLY

OWNED 		6


 SHARED VOTING POWER

-0-
BY EACH

REPORTING 		7


 SOLE DISPOSITIVE POWER

3,300,000
PERSON WITH:

 8


 SHARED DISPOSITIVE POWER

-0-
9


 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,300,000(1)
10  


 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not Applicable
[  ]
11  


 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.8%(1)
12  


 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA

  (1) The percent ownership calculated is based upon an aggregate of 56,920,000 shares outstanding as of December 31, 2006, as reported on Bloomberg.

Page 2 of 5 Pages

CUSIP No. 45972T105

1



 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Prudent Bear Funds, Inc. – 39-1837741
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

Not Applicable
(a)   [  ]
(b)   [  ]
3

 SEC USE ONLY

4


 CITIZENSHIP OR PLACE OF ORGANIZATION

Maryland
NUMBER OF

SHARES 		5


 SOLE VOTING POWER

-0-
BENEFICIALLY

OWNED 		6


 SHARED VOTING POWER

3,300,000
BY EACH

REPORTING 		7


 SOLE DISPOSITIVE POWER

-0-
PERSON WITH:

 8


 SHARED DISPOSITIVE POWER

-0-
9


 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,300,000(1)
10  


 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not Applicable
[  ]
11  


 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.8%(1)
12  


 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IV
  (1) The percent ownership calculated is based upon an aggregate of 56,920,000 shares outstanding as of December 31, 2006, as reported on Bloomberg.

Page 3 of 5 Pages


CUSIP No. 45972T105

        This Amendment No. 1 to the undersigned’s Schedule 13G, which was originally filed on February 11, 2005 (the “Schedule 13G”) with regard to International KRL Resources Corp. (the “Issuer”), is being filed to amend Items 1 and 4 of the Schedule 13G. Except as expressly stated herein, there have been no material changes in the information set forth in the Schedule 13G.

Item 1(a). Name of Issuer:

  International KRL Resources Corp.

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

  1066 West Hastings Street, Suite 1640
Oceanic Plaza Box 12543
Vancouver, British Columbia, Canada V6E 3X1

Item 4. Ownership

  David W. Tice &Associates, LLC

  (a) Amount Beneficially Owned:  3,300,000 *

  (b) Percent of Class:  5.8%

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

  (i) sole power to vote or to direct the vote:  -0-

  (ii) shared power to vote or to direct the vote:  -0-

  (iii) sole power to dispose or to direct the disposition of:  3,300,000

  (iv) shared power to dispose or to direct the disposition of:  -0-

  Prudent Bear Funds, Inc.

  (a) Amount Beneficially Owned:  3,300,000 *

  (b) Percent of Class:  5.8%

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

  (i) sole power to vote or to direct the vote:   -0-

  (ii) shared power to vote or to direct the vote:  3,300,000

  (iii) sole power to dispose or to direct the disposition of:  -0-

  (iv) shared power to dispose or to direct the disposition of:  -0-

* David W. Tice & Associates, LLC and Prudent Bear Funds, Inc. share beneficial ownership over the same 3,300,000 shares.

Page 4 of 5 Pages


CUSIP No. 45972T105

  Exhibits.

        1.        Agreement to file Schedule 13G jointly. (Previously filed as Exhibit 1 to the reporting parties’ Schedule 13G filed February 11, 2005.)

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.

Date: January 29, 2007

DAVID W. TICE & ASSOCIATES, LLC


 		 By:  /s/ David W. Tice
        David W. Tice, President


 		 PRUDENT BEAR FUNDS, INC.


 		 By:  /s/ David W. Tice
        David W. Tice, President



Page 5 of 5 Pages

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