-----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, U7d1ZyNiR/PBeGAEBk8yVv8UJutD1BEb0VGl2WEtJZI/tIugCtPi6n+t4SAlMcq6 1boqUuzt5KcwIcqc0NA1Mg== /in/edgar/work/0000897485-00-000090/0000897485-00-000090.txt : 20001005 0000897485-00-000090.hdr.sgml : 20001005 ACCESSION NUMBER: 0000897485-00-000090 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001004 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MFC BANCORP LTD CENTRAL INDEX KEY: 0000016859 STANDARD INDUSTRIAL CLASSIFICATION: [6211 ] IRS NUMBER: 131818111 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-54859 FILM NUMBER: 734569 BUSINESS ADDRESS: STREET 1: 6 RUE CHARLES BONNET STREET 2: GENEVA SWITZERLAND CITY: 1206 BUSINESS PHONE: 41228182999 MAIL ADDRESS: STREET 1: 6 RUE CHARLES BONNET STREET 2: GENEVA CITY: SWITZERLAND 1206 FORMER COMPANY: FORMER CONFORMED NAME: ARBATAX INTERNATIONAL INC DATE OF NAME CHANGE: 19960603 FORMER COMPANY: FORMER CONFORMED NAME: NALCAP HOLDINGS INC DATE OF NAME CHANGE: 19950725 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KELLOGG PETER R CENTRAL INDEX KEY: 0000897485 STANDARD INDUSTRIAL CLASSIFICATION: [ ] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O SPEAR LEEDS & KELLOGG STREET 2: 120 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10271 BUSINESS PHONE: 2124337070 MAIL ADDRESS: STREET 1: 120 BROADWAY STREET 2: C/O SPEAR LEEDS & KELLOGG CITY: NEW YORK STATE: NY ZIP: 10271 SC 13D 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 MFC Bancorp Ltd. (Name of Issuer) Common Stock. $0.01 Par Value (Title of Class of Securities) 693286 10 6 (CUSIP Number) Peter R. Kellogg 120 Broadway New York, New York 10271 (Name, address and telephone number of person authorized to receive notices and communications) September 21, 2000 (Date of event which requires filing of this statement) (Continued on following page(s)) (Page 1 of 7 Pages) Cusip No. 693286 10 6 Page 2 of 6 _____________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter R. Kellogg _____________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) X _____________________________________________________ 3. SEC USE ONLY _____________________________________________________ 4. SOURCE OF FUNDS: PF _____________________________________________________ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) _____________________________________________________ 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA_______________________________________________ Number of 7. SOLE VOTING POWER NUMBER OF SHARES Shares _______260,000________________________ 8. SHARED VOTING POWER Beneficially _______2,736,550 (1)_______________ Owned by Each 9. SOLE DISPOSITIVE POWER Reporting _______260,000________________________ 10.SHARED DISPOSITIVE POWER Person With ______________________2,736,550 _ (1)_______________ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON ___2,996,550 ____________________________________ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES _____________________________________________________ Cusip No. 693286 10 6 Page 3 of 6 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.87% _____________________________________________________ 14. TYPE OF REPORTING PERSON - IN _____________________________________________________ (1) Pursuant to Rule 13d-4 under the Exchange Act, the Reporting Person disclaims beneficial ownership of these shares. _____________________________________________________ Item 1. Security and Issuer The class of security to which this statement relates is Common Stock, par value $0.01 (the "Common Stock"), of MFC Bancorp, Ltd., which is organized under the laws of the Yukon Territory, Canada (the "Issuer"). The address of the principal executive office of the Issuer is: 6 Rue Charles Bonnett, Geneva, Switzerland 1206. Item 2. Identity and Background The person filing this Statement is Peter R. Kellogg. This statement also contains information regarding shares of Common Stock owned by I.A.T. Reinsurance Syndicate Ltd. ("IAT"), a Bermuda corporation of which Mr. Kellogg is the sole holder of voting stock. The J.C. Kellogg Foundation, a not- for-profit organization of which Mr. Kellogg is a trustee, and The Peter R. Kellogg & Cynthia K. Kellogg Foundation (the "Foundations"), a charitable entity of which Peter Kellogg is a trustee. Mr. Kellogg has shared dispositive and voting power with respect to the shares of Common Stock owned by Cynthia K. Kellogg and the Foundation. Mr. Kellogg disclaims the existence of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 ("Act"), and he disclaims beneficial ownership of shares owned by such other persons and entities. The Foundations' business address is: Spear, Leeds & Kellogg 120 Broadway New York, New York 10271 Cusip No. 693286 10 6 Page 4 of 6 Mr. Kellogg's principal occupation is: Senior Managing Director Spear, Leeds & Kellogg 120 Broadway New York, New York 10271 IAT's business address is: Spear, Leeds & Kellogg 120 Broadway New York, New York 10271 Spear, Leeds & Kellogg is a registered securities broker-dealer. IAT is a reinsurance company incorporated in Bermuda. During the last five years Mr. Kellogg, nor any executive officer of IAT, has been convicted in a criminal proceeding nor have they been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person 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. Mr. Kellogg is citizen of the United States. The Foundation is a New Jersey corporation domiciled in New Jersey. Item 3. Source and Amount of Funds or Other Consideration The aggregate purchase price of the Common Stock recently purchased by IAT was $5,303,220.85 which came from available funds. Item 4. Purpose of Transaction The Common Stock was acquired by IAT for investment purposes only. Neither IAT, Mr. Kellogg, nor the Foundations have plans or proposals which related to or which Cusip No. 693286 10 6 Page 5 of 6 would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. Mr. Kellogg, IAT, and the Foundations may determine to purchase additional shares of Common Stock at any time and from time to time, subject to market and general economic conditions, and any purchase or purchases may be effected directly or through one or more entities controlled or deemed to be controlled by Mr. Kellogg. Mr. Kellogg may also sell or otherwise dispose of shares of Common Stock owned directly or indirectly by him at any time or from time to time, although he has no present plans or proposals to do so. Any purchases or sales by Mr. Kellogg may be in the open market, in a privately negotiated transaction or otherwise. Item 5. Interest in Securities of the Issuer (a) As of September 21, 2000, Mr. Kellogg may be deemed the beneficial owner of 2,996,550 shares of the Common Stock of MFC Bancorp Ltd, constituting approximately 24.87% of the common stock outstanding. Of those shares, 260,000 were owned by Mr. Kellogg personally and 2,136,550 were owned by IAT. In addition, Mr. Kellogg may be deemed to be the indirect beneficial owner of 100,000 shares of common stock owned by The J.C. Kellogg Foundation and 500,000 shares of common stock owned by The Peter R. Kellogg and Cynthia K. Kellogg Foundation. (b) Mr. Kellogg has the sole dispositive power with respect to 260,000 shares of common stock which he owns, and with respect to 2,136,550 shares owned by IAT. Mr. Kellogg also shares the power to vote or dispose of 600,000 shares of common stock owned by the foundations. (c) The following table set forth information with respect to all purchases, sales or donations of the common stock by IAT for purposes of Section 13(d) of the 1934 Act since August 3, 2000. Number Date of of Type of Price Transaction Shares Transaction Per Share 08/08/00 131,800 OTC Buy 7.1250 Cusip No. 693286 10 6 Page 6 of 6 08/17/00 13,200 OTC Buy 7.5752 08/18/00 1,000 OTC Buy 8.0000 08/18/00 700 OTC Buy 8.1250 08/21/00 5,000 OTC Buy 8.1700 08/22/00 2,600 OTC Buy 8.2933 08/23/00 800 OTC Buy 8.0625 08/24/00 1,700 OTC Buy 8.0000 08/25/00 1,000 OTC Buy 8.2500 09/21/00 550,050 OTC Buy 7.5625 Item 6. Contract Arrangements, Understandings or Relationships with Respect to Securities of the Issuer All shares of Common Stock purchased by Mr. Kellogg were acquired on the basis of his independent investment decisions. Mr. Kellogg disclaims that he (alone or with IAT)was or is a member of a "group," within the meaning of the Act and the Rules, with regard to the acquisition or holding of shares of Common Stock acquired or sold by Mr. Kellogg. Further, Mr. Kellogg has no arrangement, agreement or understanding with anyone with respect to the future acquisition, holding, disposition or voting of shares of Common Stock of the Issuer. Item 7. Material to be filed as Exhibits None. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set fourth in this Statement is true, complete and correct. Dated: October 4, 2000 Peter R. Kellogg Peter R. Kellogg -----END PRIVACY-ENHANCED MESSAGE-----