-----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, HCpFIMS4ipmc7hnUG0J5u2yQuQ/IyPdTShgjnznuOlZE71BLamys+Q5e7WBtpfpC pkRB5bYnrOJjE7CH09xPvw== 0001193805-07-000649.txt : 20070302 0001193805-07-000649.hdr.sgml : 20070302 20070302163816 ACCESSION NUMBER: 0001193805-07-000649 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070302 DATE AS OF CHANGE: 20070302 GROUP MEMBERS: DWIGHT ANDERSON GROUP MEMBERS: JOHN DURYEA GROUP MEMBERS: OSPRAIE ADVISORS, L.P. GROUP MEMBERS: OSPRAIE ADVISORS, LLC GROUP MEMBERS: OSPRAIE HOLDING I, L.P. GROUP MEMBERS: OSPRAIE MANAGEMENT, INC. GROUP MEMBERS: OSPRAIE SPECIAL OPPORTUNITIES MASTER HOLDINGS LTD. GROUP MEMBERS: THE OSPRAIE PORTFOLIO LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Augusta Resource CORP CENTRAL INDEX KEY: 0001353123 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82241 FILM NUMBER: 07668247 BUSINESS ADDRESS: STREET 1: #400 - 837 W. HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6C3N6 BUSINESS PHONE: 6046871717 MAIL ADDRESS: STREET 1: #400 - 837 W. HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6C3N6 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ospraie Management, LLC CENTRAL INDEX KEY: 0001326533 IRS NUMBER: 432079473 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 780 THIRD AVENUE STREET 2: 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: (212) 602-5057 MAIL ADDRESS: STREET 1: 780 THIRD AVENUE STREET 2: 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 e601723_sc13g-augusta.txt SCHEDULE 13G SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) Augusta Resource Corporation (Name of Issuer) Common Shares (Title of Class of Securities) 050912203 (CUSIP Number) November 30, 2006 (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) (Page 1 of 23 Pages) - ---------- *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 purposes 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. 050912203 13G Page 2 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) The Ospraie Portfolio Ltd. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 5,956,948 Common Shares OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 5,956,948 Common Shares - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,956,948 Common Shares - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.19% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 3 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Special Opportunities Master Holdings Ltd. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 1,135,501 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.56% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 4 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Management, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 7,092,449 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.73% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 5 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Holding I, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 7,092,449 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.73% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 6 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Management, Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 7,092,449 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.73% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 7 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Advisors, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 1,135,501 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.56% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 8 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Advisors, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 1,135,501 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.56% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 9 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dwight Anderson - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 7,092,449 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,092,449 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.73% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 10 of 23 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) John Duryea - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 1,135,501 Common Shares OWNED BY (Includes Warrants to purchase 148,749 Common Shares) EACH ----------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH 0 ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,135,501 Common Shares (Includes Warrants to purchase 148,749 Common Shares) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.56% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- CUSIP No. 050912203 13G Page 11 of 23 Pages Item 1(a). Name of Issuer: The name of the issuer is Augusta Resource Corporation (the "Company") Item 1(b). Address of Issuer's Principal Executive Offices: The Company's principal executive offices are located at 400-837 West Hastings Street, Vancouver, British Columbia, Canada V6C3NG Item 2(a). Name of Person Filing: This statement is filed by: (i) The Ospraie Portfolio Ltd., a Cayman Islands exempted company ("Portfolio"), with respect to the Common Shares held by it; (ii) Ospraie Special Opportunities Master Holdings Ltd. ("Master Holdings"), a Cayman Islands exempted company, with respect to the Common Shares held by it. (iii) Ospraie Management, LLC, a Delaware limited liability company ("Investment Manager"), which serves (a) as investment manager to Portfolio, with respect to the Common Shares directly owned by Portfolio, and (b) as managing member of Advisors LLC (as defined below), with respect to the Common Shares directly owned by Master Holdings; (iv) Ospraie Holding I, L.P., a Delaware limited partnership ("Ospraie Holding"), which serves as the managing member of Investment Manager, with respect to the Common Shares directly owned by Portfolio and Master Holdings; (v) Ospraie Management, Inc., a Delaware corporation ("Ospraie Management"), which serves as the general partner of Ospraie Holding, with respect to the Common Shares directly owned by Portfolio and Master Holdings; (vi) Ospraie Advisors, L.P., a Delaware limited partnership ("Advisors LP"), which serves as the investment manager to Master Holdings with respect to the Common Shares directly owned by Master Holdings; (vii) Ospraie Advisors, LLC, a Delaware limited liability company ("Advisors LLC"), which serves as the general partner of Advisors LP, with respect to the Common Shares directly owned by Master Holdings; (viii) Dwight Anderson ("Mr. Anderson"), the president and sole shareholder of Ospraie Management, with respect to the Common Shares held by Portfolio and Master Holdings; and (ix) John Duryea ("Mr. Duryea"), a portfolio manager of Advisors LP, with respect to the Common Shares held by Master Holdings. CUSIP No. 050912203 13G Page 12 of 23 Pages The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the business office of each of the Reporting Persons is 320 Park Avenue, 27th Floor, New York, New York 10022, U.S.A. Item 2(c). Citizenship: Portfolio is a Cayman Islands exempted company. Master Holdings is a Cayman Islands exempted company. Investment Manager is a limited liability company organized under the laws of the State of Delaware. Ospraie Holding is a limited partnership organized under the laws of the State of Delaware. Ospraie Management is a corporation organized under the laws of the State of Delaware. Advisors LP is a limited partnership organized under the laws of the State of Delaware. Advisors LLC is a limited liability company organized under the laws of the State of Delaware. Mr. Anderson is a United States citizen. Mr. Duryea is a United States citizen. Item 2(d). Title of Class of Securities: Common Shares. Item 2(e). CUSIP Number: 050912203 Item 3. If this statement is filed pursuant to Rules 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, (b) [ ] Bank as defined in Section 3(a)(6) of the Act, (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act, (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) [ ] Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E), (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F), (g) [ ] Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G), (h) [ ] Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, CUSIP No. 050912203 13G Page 13 of 23 Pages (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check the box.[X] Item 4. Ownership. A. The Ospraie Portfolio Ltd. (a) Amount beneficially owned: 5,956,948 Common Shares. The filing of this statement shall not be deemed an admission that Portfolio beneficially owns any Common Shares as determined under Section 13(d) of the Securities Exchange Act of 1934 or the regulations promulgated thereunder. (b) Percent of Class: 8.19%. The percentages used herein are calculated based upon 72,749,067 Common Shares outstanding. (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 5,956,948 (iii) sole power to dispose or direct the disposition: 0 (iv) shared power to dispose or direct the disposition: 5,956,948 B. Ospraie Special Opportunities Master Holdings, Ltd. (a) Amount beneficially owned: 1,135,501 Common Shares, including shares underlying 148,749 warrants held by Master Holdings. The filing of this statement shall not be deemed an admission that Master Holdings beneficially owns any Common Shares as determined under Section 13(d) of the Securities Exchange Act of 1934 or the regulations promulgated thereunder. (b) Percent of Class: 1.56%. (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 1,135,501 (iii) sole power to dispose or direct the disposition: 0 (iv) shared power to dispose or direct the disposition: 1,135,501 CUSIP No. 050912203 13G Page 14 of 23 Pages C. Ospraie Management, LLC (a) Amount beneficially owned: 7,092,449 Common Shares which includes Warrants to purchase 148,749 Common Shares. (b) Percent of class: 9.73% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 7,092,449 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 7,092,449 D. Ospraie Holding I, L.P. (a) Amount beneficially owned: 7,092,449 Common Shares which includes Warrants to purchase 148,749 Common Shares. (b) Percent of class: 9.73% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 7,092,449 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 7,092,449 E. Ospraie Management, Inc. (a) Amount beneficially owned: 7,092,449 Common Shares which includes Warrants to purchase 148,749 Common Shares. (b) Percent of class: 9.73% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 7,092,449 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 7,092,449 F. Ospraie Advisors, L.P. (a) Amount beneficially owned: 1,135,501 Common Shares which includes Warrants to purchase 148,749 Common Shares. (b) Percent of class: 1.56% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,135,501 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,135,501 CUSIP No. 050912203 13G Page 15 of 23 Pages G. Ospraie Advisors, LLC (a) Amount beneficially owned: 1,135,501 Common Shares which includes Warrants to purchase 148,749 Common Shares. (b) Percent of class: 1.56% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,135,501 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,135,501 H. Dwight Anderson (a) Amount beneficially owned: 7,092,449 Common Shares which includes Warrants to purchase 148,749 Common Shares. (b) Percent of class: 9.73% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 7,092,449 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 7,092,449 I. John Duryea (a) Amount beneficially owned: 1,135,501 Common Shares which includes Warrants to purchase 148,749 Common Shares. (b) Percent of class: 1.56% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,135,501 Common Shares. (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,135,501 Common Shares. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. CUSIP No. 050912203 13G Page 16 of 23 Pages Item 6. Ownership of More than Five Percent on Behalf of Another Person. Investment Manager, in its capacity as the investment manager to Portfolio, has the power to direct the investment activities of Portfolio, including decisions with respect to the disposition of the proceeds from the sale of Common Shares, and is the managing member of Advisors LLC and in that capacity directs its operations. Ospraie Holding is the managing member of the Investment Manager and in that capacity directs its operations. Ospraie Management is the general partner of Ospraie Holding and in that capacity directs its operations. Advisors LP, in its capacity as the investment manager to Master Holdings, has the power to direct the investment activities of Master Holdings, including decisions with respect to the disposition of the proceeds from the sale of Common Shares. Advisors LLC is the general partner of Advisors LP and in that capacity directs its operations. Mr. Anderson is the president and sole shareholder of Ospraie Management and in that capacity, directs its operations. Mr. Duryea is a portfolio manager of Advisors LP and in that capacity has the power to direct the investment activities of Master Holdings. The shareholders of Portfolio and Master Holdings have the right to receive dividends from, or proceeds from the sale of, Common Shares held by Portfolio and Master Holdings, respectively, in accordance with their ownership interests in Portfolio and Master Holdings, respectively. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable. Item 8. Identification and Classification of Members of the Group. See Item 2. The Reporting Persons disclaim the existence of a group with one another. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Each of the Reporting Persons hereby makes the following 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. CUSIP No. 050912203 13G Page 17 of 23 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: March 1, 2007 OSPRAIE MANAGEMENT, LLC By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE HOLDING I, L.P. By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE MANAGEMENT, INC., By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE ADVISORS, L.P. By: Ospraie Advisors, LLC, its General Partner By: Ospraie Management, LLC, its Managing Member By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory Page 18 of 23 Pages OSPRAIE ADVISORS, LLC By: Ospraie Management, LLC, its Managing Member By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory THE OSPRAIE PORTFOLIO LTD. By: Ospraie Management, LLC, its Investment Manager By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE SPECIAL OPPORTUNITIES MASTER HOLDINGS LTD. By: Ospraie Advisors L.P., its Investment Manager By: Ospraie Advisors, LLC, its General Partner By: Ospraie Management, LLC, its Managing Member By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory Page 19 of 23 Pages DWIGHT ANDERSON By: /s/ Michael Fischer -------------------------- Michael Fischer, Attorney-in-fact JOHN DURYEA By: /s/ Michael Fischer -------------------------- Michael Fischer, Attorney-in-fact Page 20 of 23 Pages EXHIBIT INDEX Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Power of Attorney, dated December 13, 2006, granted by Dwight Anderson in favor of Kirk Rule, Eric Vincent and Michael Fischer (incorporated by reference to Exhibit 99.1 of the Schedule 13G filed by the reporting persons (other than Portfolio and Master Holdings) on December 29, 2006 with respect to Nova Biosource Fuels, Inc.). Exhibit 99.2 - Power of Attorney, dated December 13, 2006, granted by John Duryea in favor of Kirk Rule, Eric Vincent and Michael Fischer (incorporated by reference to Exhibit 99.2 of the Schedule 13G filed by the reporting persons (other than Portfolio and Master Holdings) on December 29, 2006 with respect to Nova Biosource Fuels, Inc.). EX-99.1 2 e601723_ex99-1.txt JOINT FILING AGREEMENT Page 21 of 23 Pages Exhibit 99.1 Joint Filing Agreement The undersigned agree that this Schedule 13G, and all amendments thereto and any Schedule 13D required to be filed, relating to the Common Shares of Augusta Resource Corporation shall be filed jointly by the undersigned. OSPRAIE MANAGEMENT, LLC By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE HOLDING I, L.P. By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE MANAGEMENT, INC., By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE ADVISORS, L.P. By: Ospraie Advisors, LLC, its General Partner By: Ospraie Management, LLC, its Managing Member Page 22 of 23 Pages By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory OSPRAIE ADVISORS, LLC By: Ospraie Management, LLC, its Investment Manager By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory THE OSPRAIE PORTFOLIO LTD. By: Ospraie Management, LLC, its Investment Manager By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory Page 23 of 23 Pages OSPRAIE SPECIAL OPPORTUNITIES MASTER HOLDINGS LTD. By: Ospraie Advisors L.P., its Investment Manager By: Ospraie Advisors, LLC, its General Partner By: Ospraie Management, LLC, its Managing Member By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Michael Fischer -------------------------- Michael Fischer Authorized Signatory DWIGHT ANDERSON By: /s/ Michael Fischer -------------------------- Michael Fischer, Attorney-in-fact JOHN DURYEA By: /s/ Michael Fischer -------------------------- Michael Fischer, Attorney-in-fact -----END PRIVACY-ENHANCED MESSAGE-----