-----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, UxgeLfOovjbNPLMTwu5twlX6ecvDY7r1vVppes8UuwtmXPnqTr5WdD1AKraKfnBX L12dHl+/TKFZhHA6ucRjOQ== 0000912282-04-000184.txt : 20040409 0000912282-04-000184.hdr.sgml : 20040409 20040409115727 ACCESSION NUMBER: 0000912282-04-000184 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040409 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAB SPECIAL SITUATIONS LP CENTRAL INDEX KEY: 0001284859 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1 ADAM STREET CITY: LONDON ENGLAND STATE: X0 ZIP: WC2N6LE BUSINESS PHONE: 442073897044 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BAY RESOURCES LTD CENTRAL INDEX KEY: 0000814904 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 980079687 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-55859 FILM NUMBER: 04726561 BUSINESS ADDRESS: STREET 1: 210 KINGS WAY STREET 2: SOUTH MELBOURNE CITY: VICTORIA AUSTRALIA 3 STATE: C3 ZIP: 00000 BUSINESS PHONE: 61392341000 MAIL ADDRESS: STREET 1: LEVEL 8 580 ST KILDA RD STREET 2: MELBOURNE CITY: VICTORIA AUSTRALIA 3 STATE: C3 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: BAYNET LTD DATE OF NAME CHANGE: 20000306 FORMER COMPANY: FORMER CONFORMED NAME: BAYOU INTERNATIONAL LTD DATE OF NAME CHANGE: 20000306 SC 13G 1 sc13g_bayresources.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

_________________

SCHEDULE 13G
(Rule 13d-102)

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


Bay Resources Ltd.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

073015 20 8
(CUSIP Number)

March 31, 2004
(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)



_________________

        1The 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 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. 073015 20 8 13G Page 2 of 6 Pages


1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
RAB Special Situations LP
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
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With: 		(5) Sole Voting Power
1,670,000 shares of Common Stock
Warrants (exercisable into up to 1,670,000 shares of Common Stock)
(6) Shared Voting Power
0
(7) Sole Dispositive Power
1,670,000 shares of Common Stock
Warrants (exercisable into up to 1,670,000 shares of Common Stock)
(8) Shared Dispositive Power
0
9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,670,000 shares of Common Stock
Warrants (exercisable into up to 1,670,000 shares of Common Stock)
10) Check If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
[   ]
11) Percent of Class Represented by Amount in Row (9)
Approximately 18.1678% as of the date of filing this statement. Based on 16,714,130 shares of Common Stock issued and outstanding on March 31, 2004, including the issuance of 1,670,000 shares of Common Stock on March 31, 2004 to the Reporting Person. Also takes into account warrants held by the Reporting Person exercisable to acquire an additional 1,670,000 shares of Common Stock; provided, however, under the terms of the warrant, in no event shall the warrant be exercisable, if after giving effect to such exercise, the holder would, in aggregate, beneficially own voting securities of the issuer in excess of 9.99% of the issued and outstanding voting securities of the issuer after giving effect to such offering.
12) Type of Reporting Person (See Instructions)
PN




CUSIP No. 073015 20 8 13G Page 3 of 6 Pages


Item 1 (a) Name of Issuer:
  Bay Resources Ltd.
Item 1 (b) Address of Issuer's Principal Executive Offices:
 
Item 2 (a) Name of Person Filing:
Item 2 (b) Address of Principal Business Office or, if none, Residence:
 
Item 2 (c) Citizenship:
  RAB Special Situations LP
c/o RAB Capital Limited
No. 1 Adam Street
London W2CN 6LE
United Kingdom
Delaware limited partnership
Item 2 (d) Title of Class of Securities:

Common Stock
Item 2 (e) CUSIP Number:
  073015 20 8




CUSIP No. 073015 20 8 13G Page 4 of 6 Pages


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.
  (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, in accordance with Rule 13d-1(b)(ii)(G);
  (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
  (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;
  (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
       
[X] If this statement is filed pursuant to Rule 13d-1(c), check this box.

Item 4. Ownership.

RAB Special Situations LP
  Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1.
  (a) Amount beneficially owned:
    1,670,000 shares of Common Stock
Warrants (exercisable into up to 1,670,000 shares of Common Stock)

  (b) Percent of Class:
    Approximately 18.1678% as of the date of filing this statement. Based on 16,714,130 shares of Common Stock issued and outstanding on March 31, 2004, including the issuance of 1,670,000 shares of Common Stock on March 31, 2004 to the Reporting Person. Also takes into account warrants held by the Reporting Person exercisable to acquire an additional 1,670,000 shares of Common Stock; provided, however, under the terms of the warrant, in no event shall the warrant be exercisable, if after giving effect to such exercise, the holder would, in aggregate, beneficially own voting securities of the issuer in excess of 9.99% of the issued and outstanding voting securities of the issuer after giving effect to such offering.




CUSIP No. 748565 10 8 13G Page 5 of 6 Pages


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

(i)     Sole power to vote or to direct the vote:   See item (a) above.
(ii)    Shared power to vote or direct the vote:   0
(iii)   Sole power to dispose or to direct the disposition of:   See item (a) above.
(iv)    Sole power to dispose or to direct the disposition of:   0
Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.
  If the 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
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.

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.




CUSIP No. 748565 10 8 13G Page 6 of 6 Pages


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 this 9th day of April, 2004.

  RAB Special Situations LP


By:  /s/ William Philip Richards                                             
         William Philip Richards, Director



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