-----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, Julzsi+Eo2hQoDTVVr8PAin1J9qpMR40Nog+W5CH68G5/W/lzkJG1GtXZTLDe83H v4EkCE0kh2zMxl7aAHhqsw== 0001062993-10-004090.txt : 20101210 0001062993-10-004090.hdr.sgml : 20101210 20101210170307 ACCESSION NUMBER: 0001062993-10-004090 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101210 DATE AS OF CHANGE: 20101210 GROUP MEMBERS: BLACKWELL PARTNERS, LLC GROUP MEMBERS: JOHN BURBANK GROUP MEMBERS: NORGES BANK (CENTRAL BANK OF NORWAY) GROUP MEMBERS: PASSPORT ADVISORS, LP GROUP MEMBERS: PASSPORT CAPITAL, LLC GROUP MEMBERS: PASSPORT HOLDINGS, LLC GROUP MEMBERS: PASSPORT MATERIALS MASTER FUND II, LP GROUP MEMBERS: PASSPORT MATERIALS MASTER FUND, LP GROUP MEMBERS: PASSPORT PLUS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Clifton Star Resources Inc. CENTRAL INDEX KEY: 0001428267 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-85800 FILM NUMBER: 101245671 BUSINESS ADDRESS: STREET 1: SUITE 430-580 HORNBY STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 3B6 BUSINESS PHONE: 604-839-6927 MAIL ADDRESS: STREET 1: SUITE 430-580 HORNBY STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 3B6 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PASSPORT SPECIAL OPPORTUNITIES MASTER FUND LP CENTRAL INDEX KEY: 0001486972 IRS NUMBER: 980575575 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O PASSPORT MANAGEMENT LLC STREET 2: 30 HOTALING PLACE, SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415-321-4600 MAIL ADDRESS: STREET 1: C/O PASSPORT MANAGEMENT LLC STREET 2: 30 HOTALING PLACE, SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G 1 sc13g.htm INFORMATION STATEMENT Passport Capital, LLC: Schedule 13G - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. _)

Clifton Star Resources, Inc.
(Name of Issuer)

Common Shares
(Title of Class of Securities)

18713J108
(CUSIP Number)

November 15, 2010
(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)
/X/   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).


2

CUSIP No. 18713J108

1. Name of Reporting Person:

Passport Special Opportunities Master Fund, LP

2. Check the Appropriate Box if a Member of a Group:

(a) / /

(b) /X/

3. SEC Use Only

4. Citizenship or Place of Organization: British Virgin Islands


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 349,700 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 349,700 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

349,700

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 1.0% *

12. Type of Reporting Person: PN


_____________________

* This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


3

CUSIP No. 18713J108

1. Name of Reporting Person:

Passport Materials Master Fund, LP

2. Check the Appropriate Box if a Member of a Group:

(a) / /

(b) /X/

3. SEC Use Only

4. Citizenship or Place of Organization: British Virgin Islands


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 998,200 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 998,200 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

998,200

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 2.9% *

12. Type of Reporting Person: LP

_________________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


4

CUSIP No. 18713J108

1. Name of Reporting Person:

Passport Materials Master Fund II, LP

2. Check the Appropriate Box if a Member of a Group:

(a) / /

(b) /X/

3. SEC Use Only

4. Citizenship or Place of Organization: British Virgin Islands


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 593,400 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 593,400 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

593,400

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 1.7% *

12. Type of Reporting Person: LP

___________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


5

CUSIP No. 18713J108

1. Name of Reporting Person:

Blackwell Partners, 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


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 706,700 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 706,700 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

706,700

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 2.0% *

12. Type of Reporting Person: OO

________________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


6

CUSIP No. 18713J108

1. Name of Reporting Person:

Norges Bank (Central Bank of Norway)

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


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: 881,000
 
 
6. Shared Voting Power: 0 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 881,000 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

881,000

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 2.5% *

12. Type of Reporting Person: FI

_____________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


7

CUSIP No. 18713J108

1. Name of Reporting Person:

Passport Plus, 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


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 349,700 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 349,700 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

349,700

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 1.0% *

12. Type of Reporting Person: OO

____________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


8

CUSIP No. 18713J108

1. Name of Reporting Person:

Passport Advisors, LP

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


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 1,591,600 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 1,591,600 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,591,600

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 4.6% *

12. Type of Reporting Person: LP

______________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


9

CUSIP No. 18713J108

1. Name of Reporting Person:

Passport Holdings, 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


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 1,591,600 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 1,591,600 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,591,600

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 4.6% *

12. Type of Reporting Person: OO

_______________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


10

CUSIP No. 18713J108

1. Name of Reporting Person:

Passport Capital, 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


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 2,648,000 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 3,529,000 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

3,529,000

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 10.2% *

12. Type of Reporting Person: IA

______________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


11

CUSIP No. 18713J108

1. Name of Reporting Person:

John Burbank

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


Number of
shares
beneficially
owned by
each
reporting
person
with:
5. Sole Voting Power: -0-
 
 
6. Shared Voting Power: 2,648,000 (see Item 4)
 
 
7. Sole Dispositive Power: -0-
 
 
8. Shared Dispositive Power: 3,529,000 (see Item 4)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

3,529,000

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

/ /

11. Percent of Class Represented by Amount in Row (9): 10.2% *

12. Type of Reporting Person: IN

________________________

*This percentage is based on the 34,726,325 Shares issued and outstanding as reported by the issuer


12

Item 1(a). Name of Issuer:
   
  Imperial Sugar Company (the “Company”).
   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   
  8016 HIGHWAY 90-A
  P.O. BOX 9
  SUGAR LAND, TX 77487
  281-491-9181
   
Item 2(a). Name of Persons Filing:

  Passport Special Opportunities Master Fund, LP (“Fund I”);
  Passport Materials Master Fund, LP (“Fund II”);
  Passport Materials Master Fund II, LP (“Fund III”);
  Blackwell Partners, LLC (“Account I”);
  Norges Bank (Central Bank of Norway) (“Account II”);
  Passport Plus, LLC (“Passport Plus”);
  Passport Advisors, LP (“Passport Advisors”);
  Passport Holdings, LLC (“Passport Holdings”);
  Passport Capital, LLC (“Passport Capital”); and
  John Burbank (“Burbank”, together with Fund I, Fund II, Fund III, Account I,
                     Account II, Passport Plus, Passport Advisors, Passport Holdings, and
                     Passport Capital, the Reporting Persons).

Burbank is the sole managing member of Passport Capital which serves as investment manager to Fund I, Fund II, Fund III, Account I and Account II. Passport Plus is the general partner of Fund I. Passport Advisors is the general partner of Fund II and Fund III. Passport Holdings is the general partner of Passport Advisors. Passport Capital is the managing member of Passport Plus and Passport Holdings. As a result, each of Burbank and Passport Capital may be considered to share the power to vote or direct the vote of, and the power to dispose or direct the disposition of all Shares owned of record by Fund I, Fund II, Fund III, Account I, and Account II, except in the case of Account II which maintains sole power to vote or direct the vote of their beneficially owned shares. Additionally various other entities may be considered to share the power to vote or direct the vote of, and the power to dispose or direct the disposition of all Shares, specifically Passport Plus in regards to shares beneficially held by Fund I, and both Passport Advisors and Passport Holdings in regards to shares beneficially held by Fund II and Fund III. This statement on Schedule 13G shall not be construed as an admission that any of the Reporting Persons (other than the Fund I, Fund II, Fund III, Account I and Account II) is the beneficial owner of the securities covered by this statement.

NOTE: Passport Capital became investment manager to Fund I and Fund II effective as of December 1, 2010. Prior to this date Passport Management, LLC, a wholly owned subsidiary of Passport Capital, served as investment manager to these funds. As of the date of this filing, Passport Management, LLC has no beneficial ownership or control of shares of the Company.


13

Item 2(b). Address of Principal Business Office:
   
  For each Reporting Person:
   
  C/O PASSPORT CAPITAL
  30 HOTALING PLACE SUITE 300
  SAN FRANCISCO, CA 94111
   
Item 2(c). Citizenship:
   
  See row 4 of each Reporting Persons’ respective cover page.
   
Item 2(d). Title of Class of Securities:
   
  Common Shares of the Company (the “Common Shares”)
   
Item 2(e). CUSIP Number:
   
  18713J108
   
Item 3. Not applicable.
   
Item 4. Ownership.

  (a)

Amount beneficially owned:

     
 

See Item 9 of each Reporting Persons’ respective cover page.

     
  (b)

Percent of class:

     
 

See Item 11 of each Reporting Persons’ respective cover page.

     
  (c)

Number of shares for which each Reporting Person has sole or shared voting on disposition:

     
 

See Items 5-8 of each Reporting Persons’ respective cover page.


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.

   
  Not Applicable.


14

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported 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 a 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.



15

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: December 10, 2010

  PASSPORT SPECIAL OPPORTUNITIES
  MASTER FUND I, LP
     
     
  By: PASSPORT PLUS, LLC,
  as General Partner
     
     
  By: PASSPORT CAPITAL, LLC,
    as Managing Member
     
     
    By:     /s/ JOHN BURBANK          
               John Burbank
               Managing Member
     
     
  PASSPORT MATERIALS MASTER FUND, LP
     
     
  By: PASSPORT ADVISORS, LP
  as General Partner
     
     
  By: PASSPORT HOLDINGS, LLC,
    as General Partner
     
     
  By: PASSPORT CAPITAL, LLC,
    as Managing Member
     
     
    By:     /s/ JOHN BURBANK           
               John Burbank
               Managing Member
     
     
  PASSPORT MATERIALS MASTER FUND II, LP
     
     
  By: PASSPORT ADVISORS, LP
  as General Partner
     
     
  By: PASSPORT HOLDINGS, LLC,
    as General Partner


16

  By:     PASSPORT CAPITAL, LLC,
             as Managing Member
   
   
             By:      /s/ JOHN BURBANK             
                         John Burbank
                         Managing Member
   
   
             BLACKWELL PARTNERS, LLC
   
   
             By: PASSPORT CAPITAL, LLC,
             as Investment Advisor
   
   
             By:      /s/ JOHN BURBANK           
                         John Burbank
                         Managing Member
   
   
             NORGES BANK (CENTRAL BANK OF NORWAY)
   
   
             By: PASSPORT CAPITAL, LLC,
             as Investment Advisor
   
   
             By: /s/ JOHN BURBANK
                         John Burbank
                         Managing Member
   
   
  PASSPORT PLUS, LLC
   
   
             By:      PASSPORT CAPITAL, LLC,
                         as Managing Member
   
   
             By:      /s/ JOHN BURBANK            
                         John Burbank,
                         Managing Member
   
   
  PASSPORT ADVISORS, LP
   
   
               By:    PASSPORT HOLDINGS, LLC,
                         as General Partner


17

             By: PASSPORT CAPITAL, LLC,
                    as Managing Member
   
   
              By:     /s/ JOHN BURBANK               
                         John Burbank,
                         Managing Member
   
   
  PASSPORT HOLDINGS, LLC
   
   
             By:    PASSPORT CAPITAL, LLC,
                       as Managing Member
   
   
              By:     /s/ JOHN BURBANK              
                         John Burbank,
                         Managing Member
   
   
  PASSPORT CAPITAL, LLC
   
   
  By:     /s/ JOHN BURBANK                 
             John Burbank,
             Managing Member
   
   
                 /s/ JOHN BURBANK
                         John Burbank
   
   
  JOHN BURBANK
   
   
  By:      /s/ JOHN BURBANK


18

     Exhibit 1

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them the statement on Schedule 13G to which this agreement is attached as an exhibit.

     The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate.

     IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on December 10, 2010.

  PASSPORT SPECIAL OPPORTUNITIES
  MASTER FUND I, LP
   
  By: PASSPORT PLUS, LLC,
  as General Partner
     
     
  By: PASSPORT CAPITAL, LLC,
    as Managing Member
     
     
    By:     /s/ JOHN BURBANK             
               John Burbank
               Managing Member
     
     
  PASSPORT MATERIALS MASTER FUND, LP
     
     
  By: PASSPORT ADVISORS, LP
  as General Partner
     
     
  By: PASSPORT HOLDINGS, LLC,
    as General Partner
     
     
  By: PASSPORT CAPITAL, LLC,
    as Managing Member


19

    By:     /s/ JOHN BURBANK                
               John Burbank
               Managing Member
     
     
  PASSPORT MATERIALS MASTER FUND II, LP
     
     
  By: PASSPORT ADVISORS, LP
  as General Partner
     
     
  By: PASSPORT HOLDINGS, LLC,
    as General Partner
     
     
  By: PASSPORT CAPITAL, LLC,
    as Managing Member
     
     
    By:     /s/ JOHN BURBANK                
               John Burbank
               Managing Member
     
     
    BLACKWELL PARTNERS, LLC
     
     
    By: PASSPORT CAPITAL, LLC,
    as Investment Advisor
     
     
    By:    /s/ JOHN BURBANK                
               John Burbank
               Managing Member
     
     
    NORGES BANK (CENTRAL BANK OF NORWAY)
     
     
    By: PASSPORT CAPITAL, LLC,
    as Investment Advisor
     
     
    By:     /s/ JOHN BURBANK                   
               John Burbank
               Managing Member
     
     
  PASSPORT PLUS, LLC


20

             By:  PASSPORT CAPITAL, LLC,
                     as Managing Member
   
   
             By:      /s/ JOHN BURBANK                     
                         John Burbank,
                         Managing Member
   
   
  PASSPORT ADVISORS, LP
   
   
             By:      PASSPORT HOLDINGS, LLC,
                         as General Partner
   
   
             By:       PASSPORT CAPITAL, LLC,
                          as Managing Member
   
   
              By:       /s/ JOHN BURBANK               
                          John Burbank,
                          Managing Member
   
   
  PASSPORT HOLDINGS, LLC
   
   
             By:      PASSPORT CAPITAL, LLC,
                         as Managing Member
   
   
             By:      /s/ JOHN BURBANK                   
                         John Burbank,
                         Managing Member
   
   
  PASSPORT CAPITAL, LLC
   
   
  By:     /s/ JOHN BURBANK                      
             John Burbank,
             Managing Member
   
   
                /s/ JOHN BURBANK
                         John Burbank
   
   
  JOHN BURBANK
   
  By:       /s/ JOHN BURBANK         


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