-----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, KzZVrAcWO6cs3c8atVQdvjXSA7KH+ohqh8RjAb/fHrbOHIaLQMKyJFjrfisog4/M C4VoJTcLfUOmQj8Nb5OlCA== 0000902664-05-000307.txt : 20050209 0000902664-05-000307.hdr.sgml : 20050209 20050209105928 ACCESSION NUMBER: 0000902664-05-000307 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050209 DATE AS OF CHANGE: 20050209 GROUP MEMBERS: HORACE JOSEPH LEITCH III GROUP MEMBERS: JEFFREY EUGENE BRUMMETTE GROUP MEMBERS: PAUL ANTHONY BREWER GROUP MEMBERS: ROBERT MICHAEL GREENSHIELDS GROUP MEMBERS: RUBICON FUND MANAGEMENT LLP GROUP MEMBERS: RUBICON FUND MANAGEMENT LTD. GROUP MEMBERS: VILAS GADKARI GROUP MEMBERS: WILLIAM FRANCIS CALLANAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CADENCE RESOURCES CORP CENTRAL INDEX KEY: 0000933157 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 870306609 STATE OF INCORPORATION: UT FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48557 FILM NUMBER: 05587063 BUSINESS ADDRESS: STREET 1: 6 EAST ROSE ST CITY: WALLA WALLA STATE: WA ZIP: 99362 BUSINESS PHONE: 509-526-3491 MAIL ADDRESS: STREET 1: 6 EAST ROSE STREET STREET 2: NO SUITE CITY: WALLA WALLA STATE: WA ZIP: 99362 FORMER COMPANY: FORMER CONFORMED NAME: ROYAL SILVER MINES INC DATE OF NAME CHANGE: 19960223 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED ROYAL MINES INC DATE OF NAME CHANGE: 19950908 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Rubicon Master Fund CENTRAL INDEX KEY: 0001312098 IRS NUMBER: 980219370 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: P.O. BOX 309 STREET 2: UGLAND HOUSE CITY: GEORGE TOWN STATE: E9 ZIP: NONE BUSINESS PHONE: 1 345 949 8066 MAIL ADDRESS: STREET 1: P.O. BOX 309 STREET 2: UGLAND HOUSE CITY: GEORGE TOWN STATE: E9 ZIP: NONE SC 13G 1 srz9794390v2.txt CADENCE RESOURCES CORPORATION SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 CADENCE RESOURCES CORPORATION ------------------------------------------------------ (Name of Issuer) COMMON STOCK ------------------------------------------------------ (Title of Class of Securities) 12738N103 ------------------------------------------------------ (CUSIP NUMBER) January 31, 2005 ------------------------------------------------------ (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 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 ("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). Page 1 of 15 Pages CUSIP No. 981402100 13G Page 2 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Rubicon Master Fund - ----------------------------------------------------------------------- (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 - ----------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000(see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4)) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** OO - ----------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 981402100 13G Page 3 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Rubicon Fund Management 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 - ----------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** OO - ----------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 981402100 13G Page 4 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Rubicon Fund Management LLP - ----------------------------------------------------------------------- (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 Kingdom - ----------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** OO - ----------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 981402100 13G Page 5 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Paul Anthony Brewer - ----------------------------------------------------------------------- (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 Kingdom - ----------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IN - ----------------------------------------------------------------------- CUSIP No. 981402100 13G Page 6 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jeffrey Eugene Brummette - ----------------------------------------------------------------------- (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 (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IN - ----------------------------------------------------------------------- CUSIP No. 981402100 13G Page 7 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William Francis Callanan - ----------------------------------------------------------------------- (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 (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IN - ----------------------------------------------------------------------- CUSIP No. 981402100 13G Page 8 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Vilas Gadkari - ----------------------------------------------------------------------- (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 (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IN - ----------------------------------------------------------------------- CUSIP No. 981402100 13G Page 9 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Robert Michael Greenshields - ----------------------------------------------------------------------- (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 Kingdom - ----------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ----------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ----------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IN - ----------------------------------------------------------------------- CUSIP No. 981402100 13G Page 10 of 16 Pages - ----------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Horace Joseph Leitch III - ----------------------------------------------------------------------- (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 (5) SOLE VOTING POWER -0- SHARES - ----------------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 2,800,000 (see Item 4) OWNED BY - ---------------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING - ---------------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,800,000 (see Item 4) - ----------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.6% - ----------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IN - ----------------------------------------------------------------------- CUSIP No. 981402100 13G Page 11 of 16 Pages Item 1. (a) Name of Issuer Cadence Resources Corporation, a Utah corporation (the "Company"). (b) Address of Issuer's Principal Executive Offices: 6 East Rose St Walla Walla, Washington 99362 Item 2(a). Name of Person Filing This statement is filed by (i) Rubicon Master Fund; (ii) Rubicon Fund Management Ltd., with respect to shares beneficially owned by Rubicon Master Fund; (iii) Rubicon Fund Management LLP, with respect to shares beneficially owned by Rubicon Master Fund; (iv) Paul Anthony Brewer, with respect to shares beneficially owned by Rubicon Master Fund; (v) Jeffrey Eugene Brummette, with respect to shares beneficially owned by Rubicon Master Fund; (vi) William Francis Callanan with respect to shares beneficially owned by Rubicon Master Fund; (vii) Vilas Gadkari with respect to shares beneficially owned by Rubicon Master Fund; (viii) Robert Michael Greenshields, with respect to shares beneficially owned by Rubicon Master Fund; and (ix) Horace Joseph Leitch III, with respect to shares beneficially owned by Rubicon Master Fund. Item 2(b). Address of Principal Business Office The address of (i) Rubicon Master Fund is P.O. Box 309, Ugland House, George Town, Cayman Islands, (ii) Rubicon Fund Management Ltd. is P.O. Box 309, Ugland House, George Town, Cayman Islands, (iii) Rubicon Fund Management LLP is 103 Mount St., London W1K2TJ, United Kingdom and (iv) each of the individuals is 103 Mount St., London W1K2TJ, United Kingdom. Item 2(c) Citizenship Rubicon Master Fund and Rubicon Fund Management Ltd. are companies organized under the laws of the Cayman Islands. Rubicon Fund Management LLP is a Limited Liability Partnership organized under the laws of the United Kingdom. Jeffrey Eugene Brummette, William Francis Callanan, Vilas Gadkari and Horace Joseph Leitch III are citizens of the United States. Paul Anthony Brewer and Robert Michael Greenshields are citizens of the United Kingdom. (d) Title of Class of Securities Common Stock, $0.01 par value ("Common Stock") (e) CUSIP Number 12738N103 Item 3. Not applicable Item 4. Ownership (a) Amount Beneficially Owned The percentages used herein are calculated based upon the 12,813,327 shares of Common Stock issued and outstanding as of January 3, 2005 as reported on the Company's form 10- CUSIP No. 981402100 13G Page 12 of 16 Pages KSB filed with the Securities and Exchange Commission by the Company for the period ending September 30, 2004. As of the close of business on January 31, 2005 1. Rubicon Master Fund (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 2. Rubicon Fund Management Ltd. (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 3. Rubicon Fund Management LLP (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 4. Paul Anthony Brewer (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 5. Jeffrey Eugene Brummette (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 6. William Francis Callanan (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 CUSIP No. 981402100 13G Page 13 of 16 Pages 7. Vilas Gadkari (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 8. Robert Michael Greenshields (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 9. Horace Joseph Leitch III (a) Amount beneficially owned: 2,800,000 (b) Percent of class: 13.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote 2,800,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 2,800,000 Rubicon Fund Management Ltd., Rubicon Fund Management LLP, Paul Anthony Brewer, Jeffrey Eugene Brummette, William Francis Callanan, Vilas Gadkari, Robert Michael Greenshields and Horace Joseph Leitch III, own directly no shares of Common Stock. Pursuant to Investment Agreements, each of Rubicon Fund Management Ltd., and Rubicon Fund Management LLP share all investment and voting power with respect to the Securities held by Rubicon Master Fund. By reason of the provisions of Rule 13D-3 of the Securities Exchange Act of 1934, as amended, each of Rubicon Fund Management Ltd., Rubicon Fund Management LLP, Paul Anthony Brewer, Jeffrey Eugene Brummette, William Francis Callanan, Vilas Gadkari, Robert Michael Greenshields and Horace Joseph Leitch III may be deemed to own beneficially 2,800,000 shares of Common Stock (constituting approximately 13.6% the shares of Common Stock outstanding). Each of Rubicon Fund Management Ltd., Rubicon Fund Management LLP, Paul Anthony Brewer, Jeffrey Eugene Brummette, William Francis Callanan, Vilas Gadkari, Robert Michael Greenshields and Horace Joseph Leitch III disclaim beneficial ownership of any securities covered by this statement. Item 5. Ownership of Five Percent or Less of a Class Not applicable. 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 Not applicable. Item 8. Identification and Classification of Members of the Group This statement is filed by: CUSIP No. 981402100 13G Page 14 of 16 Pages Not Applicable Item 9. Notice of Dissolution of Group Not applicable Item 10. Certification By signing below each of the undersigned certifies that, to the best of its 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. 981402100 13G Page 15 of 16 Pages SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct. Dated: February 9, 2005 RUBICON MASTER FUND By: /s/ David Derosa --------------------------------- Name: David DeRosa Title: Authorized Person RUBICON FUND MANAGEMENT LTD. By: /s/ David Derosa --------------------------------- Name: David DeRosa Title: Authorized Person RUBICON FUND MANAGEMENT LLP By: /s/ Horace Joseph Leitch III --------------------------------- Name: Horace Joseph Leitch III Title: Authorized Person PAUL ANTHONY BREWER By: /s/ Horace Joseph Leitch III --------------------------------- Name: Horace Joseph Leitch III Title: Authorized Person JEFFREY EUGENE BRUMMETTE By: /s/ Jeffrey Eugene Brummette --------------------------------- Name: Jeffrey Eugene Brummette WILLIAM FRANCIS CALLANAN By: /s/ William Francis Callanan --------------------------------- Name: William Francis Callanan VILAS GADKARI By: /s/ Vilas Gadkari --------------------------------- Name: Vilas Gadkari ROBERT MICHAEL GREENSHIELDS By: /s/ Robert Michael Greenshields CUSIP No. 981402100 13G Page 16 of 16 Pages --------------------------------- Name: Robert Michael Greenshields HORACE JOSEPH LEITCH III By: /s/ Horace Joseph Leitch III --------------------------------- Name: Horace Joseph Leitch III -----END PRIVACY-ENHANCED MESSAGE-----