-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 PxAmfn/ogjsoCxLOuS09Jw==

<SEC-DOCUMENT>0001144204-09-065937.txt : 20091223
<SEC-HEADER>0001144204-09-065937.hdr.sgml : 20091223
<ACCEPTANCE-DATETIME>20091222193324
ACCESSION NUMBER:		0001144204-09-065937
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091223
DATE AS OF CHANGE:		20091222
EFFECTIVENESS DATE:		20091223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMG Indium Resources Ltd.
		CENTRAL INDEX KEY:			0001426506
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				510662991
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-136739
		FILM NUMBER:		091256407

	BUSINESS ADDRESS:	
		STREET 1:		103 CARNEGIE CENTER
		STREET 2:		SUITE 101
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08540
		BUSINESS PHONE:		609-987-8437

	MAIL ADDRESS:	
		STREET 1:		103 CARNEGIE CENTER
		STREET 2:		SUITE 101
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08540

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Specialty Metals Group Indium Corp.
		DATE OF NAME CHANGE:	20080207
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001426506</cik>
        <entityName>SMG Indium Resources Ltd.</entityName>
        <issuerAddress>
            <street1>41 University Drive</street1>
            <street2>Ste. 400</street2>
            <city>Newtown</city>
            <stateOrCountry>PA</stateOrCountry>
            <zipCode>18940</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>718-477-6464</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <previousName>Specialty Metals Group Indium Corp.</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ailon</firstName>
                <middleName>Z.</middleName>
                <lastName>Grushkin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o SMG Indium Resources, Ltd.,</street1>
                <street2>41 University Drive, Ste. 400</street2>
                <city>Newtown</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>18940</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alan</firstName>
                <lastName>Benjamin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o SMG Indium Resources, Ltd.,</street1>
                <street2>41 University Drive, Ste. 400</street2>
                <city>Newtown</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>18940</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>A.</middleName>
                <lastName>Biele</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o SMG Indium Resources, Ltd.,</street1>
                <street2>41 University Drive, Ste. 400</street2>
                <city>Newtown</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>18940</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>T.</middleName>
                <lastName>Morena</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o SMG Indium Resources, Ltd.,</street1>
                <street2>41 University Drive, Ste. 400</street2>
                <city>Newtown</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>18940</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Patrick</firstName>
                <middleName>James</middleName>
                <lastName>Richardson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o SMG Indium Resources, Ltd.,</street1>
                <street2>41 University Drive, Ste. 400</street2>
                <city>Newtown</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>18940</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Fred</firstName>
                <lastName>Arena</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o SMG Indium Resources, Ltd.,</street1>
                <street2>41 University Drive, Ste. 400</street2>
                <city>Newtown</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>18940</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <middleName>Stephen</middleName>
                <lastName>Neuhof</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o SMG Indium Resources, Ltd.,</street1>
                <street2>41 University Drive, Ste. 400</street2>
                <city>Newtown</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>18940</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001144204-09-063613</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-11-25</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Units consisting of Class A common stock and common stock purchase warrants.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Rodman &amp; Renshaw, LLC</recipientName>
                <recipientCRDNumber>16415</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1251 Avenue of Americas</street1>
                    <street2>20th Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10020</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>PA</state>
                    <state>TX</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Sunrise Securities Corp.</recipientName>
                <recipientCRDNumber>29804</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>641 Lexington Avenue</street1>
                    <street2>25th Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10022</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>PA</state>
                    <state>TX</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Andrew Garrett Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>140 East 45th Street</street1>
                    <street2>11th Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10017</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>IL</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>PA</state>
                    <state>TX</state>
                    <state>VA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>10000000</totalOfferingAmount>
            <totalAmountSold>5018000</totalAmountSold>
            <totalRemaining>4982000</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>61</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>172470</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>In addition to cash sales commissions paid, the issuer also paid commissions with warrants to purchase shares of the Issuer's common stock.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>SMG Indium Resources Ltd.</issuerName>
                <signatureName>/s/ Ailon Grushkin</signatureName>
                <nameOfSigner>Ailon Grushkin</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2009-12-22</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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