SC 13G/A 1 dsc13ga.htm AMENDMENT NO.1 TO SC 13G AMENDMENT NO.1 TO SC 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

 

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

 

U.S. Gold Corporation

(Name of Issuer)

 

Common Stock ($0.10 par value per share)

(Title of Class of Securities)

 

 

912023-20-7

                                (CUSIP Number)                                

 

December 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)

 

¨ Rule 13d-1(c)

 

x 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).

CUSIP Number 912023 20 7

Page 2 of 7

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of Reporting Person

 

            Excalibur Limited Partnership

    
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Ontario, Canada

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With:

  

  5.    Sole Voting Power

 

                1,130,878

  6.    Shared Voting Power

 

                0

  7.    Sole Dispositive Power

 

                1,130,878

  8.    Shared Dispositive Power

 

                0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,130,878

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

            Not Applicable

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            5.5%

    
12.  

Type of Reporting Person (See Instructions)

 

            PN

    

CUSIP Number 912023 20 7

Page 3 of 7

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of Reporting Person

 

            Excalibur Capital Management, Inc.

    
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Ontario, Canada

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With:

  

  5.    Sole Voting Power

 

                1,130,878

  6.    Shared Voting Power

 

                0

  7.    Sole Dispositive Power

 

                1,130,878

  8.    Shared Dispositive Power

 

                0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,130,878

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

            Not Applicable

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            5.5%

    
12.  

Type of Reporting Person (See Instructions)

 

            CO

    

CUSIP Number 912023 20 7

Page 4 of 7

 

  1.  

Name of Reporting Person

S.S. or I.R.S. Identification No. of Reporting Person

 

            William S. Hechter

    
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Ontario, Canada

    

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With:

  

  5.    Sole Voting Power

 

                1,130,878

  6.    Shared Voting Power

 

                0

  7.    Sole Dispositive Power

 

                1,130,878

  8.    Shared Dispositive Power

 

                0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,130,878

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

            Not Applicable

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            5.5%

    
12.  

Type of Reporting Person (See Instructions)

 

            IN

    

CUSIP Number 912023 20 7

Page 5 of 7

 

Item 1

  

(a).

    Name of Issuer          
         U.S. Gold Corporation (the “Issuer”)     

Item 1

  

(b).

    Address of the Issuer’s Principal Executive Office          
         2201 Kipling Street, Suite 100, Lakewood, Colorado 80215-1545     

Item 2

  

(a).

    Names of Persons Filing          
        

1. Excalibur Limited Partnership (“ELP”)

2. Excalibur Capital Management, Inc. (“ECMI”)

3. William S. Hechter (“Mr. Hechter”)

 

Mr. Hechter is the President of ECMI and ECMI is the General Partner of ELP.

     

Item 2

  

(b).

    Address of the Principal Business Office:          
        

The address of the principal business office of ELP, ECMI and Mr. Hechter is:

 

33 Prince Arthur Avenue

Toronto, Ontario, Canada M5R 1B2

     

Item 2

  

(c).

    Citizenship          
         See Row (4) on Pages 2-4     

Item 2

  

(d).

    Title of Class of Securities          
         Common Stock     

Item 2

  

(e).

    Cusip Number          
         912023 20 7     

Item 3.

   Filing Pursuant to Rules 13d-1(b) or 13d-2(b)     
         Not Applicable     

CUSIP Number 912023 20 7

Page 6 of 7

 

Item 4.

    Ownership          
     (a)    See Row (9) on Pages 2-4. Reported share ownership on this Schedule 13G represents amounts beneficially owned by the Reporting Persons as of the date of the event requiring the filing of this report and as of November 12, 2004. Each Reporting Person is deemed to beneficially own the shares reported hereunder, which shares are held of record by Excalibur Limited Partnership. These shares in the aggregate consist of 1,030,878 shares of the Issuer’s common stock and warrants to purchase a total of 100,000 shares of the Issuer’s common stock.          
     (b)    See Row (11) on Pages 2-4. As of November 12, 2004, the Reporting Persons beneficially owned in the aggregate 5.5% of the Issuer’s common stock based on 20,457,176 shares outstanding (as reported in the Issuer’s Form 10-QSB for the quarterly period ended September 30, 2004).          
     (c)    See Rows (5)-(8) on Pages 2-4.          

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          
     Not Applicable          

Item 9.

    Notice of Dissolution of Group          
     Not Applicable          

Item 10.

    Certification          
     Not Applicable          

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 9, 2005

 

Excalibur Limited Partnership

By:

   Excalibur Capital Management, Inc., General Partner

By:

  

/s/ William S. Hechter

   (SEAL)
    William S. Hechter    
    President    
Excalibur Capital Management, Inc.

By:

  

/s/ William S. Hechter

   (SEAL)
    William S. Hechter, President    
   

/s/ William S. Hechter

   (SEAL)
    William S. Hechter