Fronteer Development Group Inc - Statement of Ownership (SC 13G)
March 28 2008 - 10:21AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
Fronteer
Development Group Inc.
(Name
of
Issuer)
Common
Stock
(Title
of
Class of Securities)
35903Q106
(CUSIP
Number)
September
24, 2007
(Date
of
Event which Requires Filing
of
this
Statement)
Check
the
appropriate box to designate the rule pursuant to which this Schedule is
filed:
|
o
x
o
|
Rule
13d-1(b)
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 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).
Continued
on following pages
Page
1 of
7 Pages
SCHEDULE
13G
CUSIP
No. 35903Q106
|
Page
2
of
7 Pages
|
1
|
Names
of Reporting Persons
Jacob
E. Safra
|
|
I.R.S.
Identification Nos. of above persons (entities
only)
|
N/A
2
|
Check
the Appropriate Box If a Member of a Group (See
Instructions)
|
4
|
Citizenship
or Place of Organization
N/A
|
|
5
|
Sole
Voting Power
|
Number
of
Shares
|
|
13,000,000
|
Beneficially
Owned
By
Each
|
6
|
Shared
Voting Power
0
|
Reporting
Person
With
|
7
|
Sole
Dispositive Power
13,000,000
|
|
8
|
Shared
Dispositive Power
|
|
|
0
|
9
|
Aggregate
Amount Beneficially Owned by Each Reporting
Person
|
13,000,000
10
|
Check
Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
|
11
|
Percent
of Class Represented By Amount in Row
(9)
|
15.70%
12
|
Type
of Reporting Person (See
Instructions)
|
IN
SCHEDULE
13G
CUSIP
No. 35903Q106
|
Page
3
of
7 Pages
|
1
Names
of
Reporting Persons
NWG
Holdings Inc.
I.R.S. Identification Nos. of above persons (entities
only)
N/A
2
|
Check
the Appropriate Box If a Member of a Group (See
Instructions)
|
4
|
Citizenship
or Place of Organization
Barbados
|
|
5
|
Sole
Voting Power
|
Number
of
Shares
|
|
13,000,000
|
Beneficially
Owned
By
Each
|
6
|
Shared
Voting Power
0
|
Reporting
Person
With
|
7
|
Sole
Dispositive Power
13,000,000
|
|
8
|
Shared
Dispositive Power
|
|
|
0
|
9
|
Aggregate
Amount Beneficially Owned by Each Reporting
Person
|
13,000,000
10
|
Check
Box If the Aggregate Amount in Row (9) Excludes
Certain
|
Shares
(See Instructions)
11
|
Percent
of Class Represented By Amount in Row
(9)
|
15.7%
12
|
Type
of Reporting Person (See Instructions)
CO
|
SCHEDULE
13G
CUSIP
No. 35903Q106
|
Page
4
of
7 Pages
|
1
Names
of
Reporting Persons
NWG Investments Inc.
I.R.S. Identification Nos. of above persons (entities only)
N/A
2
|
Check
the Appropriate Box If a Member of a Group (See
Instructions)
|
|
|
|
|
|
|
4
|
Citizenship
or Place of Organization
Barbados
|
|
5
|
Sole
Voting Power
|
Number
of
Shares
|
|
13,000,000
|
Beneficially
Owned
By
Each
|
6
|
Shared
Voting Power
0
|
Reporting
Person
With
|
7
|
Sole
Dispositive Power
13,000,000
|
|
8
|
Shared
Dispositive Power
|
|
|
0
|
9
|
Aggregate
Amount Beneficially Owned by Each Reporting
Person
|
13,000,000
10
|
Check
Box If the Aggregate Amount in Row (9) Excludes
Certain
|
Shares
(See Instructions)
11
|
Percent
of Class Represented By Amount in Row
(9)
|
15.7
12
|
Type
of Reporting Person (See Instructions)
CO
|
SCHEDULE
13G
CUSIP
No. 35903Q106
|
Page
5
of
7 Pages
|
Item
1(a)
|
Name
of Issuer:
|
Fronteer
Development Group Inc.
(the
"
Issuer
").
Item
1(b)
|
Address
of the Issuer's Principal Executive
Offices:
|
1650-1055
West Hastings St.,
Vancouver,
British Columbia, Canada V6R 2E9
|
Item
2(a)
|
Name
of Person Filing:
|
This
statement is filed on behalf of each of the following persons (collectively,
the
"Reporting Persons"):
|
i)
|
Jacob
E. Safra (“
Safra
”)
|
|
|
|
|
ii)
|
NWG
Holdings Inc. (“
NWG
Holdings
”)
|
|
|
|
|
iii)
|
NWG
Investments Inc. (“
NWG
Investments
”)
|
This
statement related to Shares (as defined herein below) held by NWG Investments.
NWG Investments is indirectly owned 100% by Safra through NWG
Holdings.
Item
2(b)
|
Address
of Principal Business Office or, if None,
Residence:
|
The
address of Safra is c/o CDL Consultants, 29 rue de la Coulouvrenière 1204 GENEVA
Switzerland
The
address of the principal business office of NWG Investments is c/o Selena Invest
SA, Mill Mall, P.O. Box 964, Road Town, Tortola, BVI.
|
1)
|
Safra
is an individual
|
|
|
|
|
2)
|
NWG
Holdings is a Barbados corporation.
|
|
|
|
|
3)
|
NWG
Investments is a Barbados corporation.
|
|
|
|
Item
2(d)
|
Title
of Class of Securities:
|
Common
Stock (the "
Shares
").
35903Q106
Item
3.
|
If
this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c),
check whether the person filing is
a:
|
This
Item
3 is not applicable
Item
4.
|
Ownership:
|
|
|
Item
4(a)
|
Amount
Beneficially Owned:
|
As
of the
Date of Event, each of the Reporting Persons may be deemed to be the beneficial
owner of 13,000,000 Shares.
SCHEDULE
13G
CUSIP
No. 35903Q106
|
Page
6
of
7 Pages
|
Item
4(b)
|
Percent
of Class:
|
According
to the Issuer’s Form 6-K filed on November 14, 2007, the number of Shares
outstanding as of September 30, 2007 was 83,039,601. Each of the Reporting
Persons may be deemed to be the beneficial owner of approximately 15.7% of
the
total number of Shares outstanding.
Item
4(c)
|
Number
of shares as to which such person
has:
|
Safra
|
|
(i)
|
Sole
power to vote or direct the vote
|
13,000,000
|
(ii)
|
Shared
power to vote or to direct the vote
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
13,000,000
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
0
|
NWG
Holdings
|
(i)
|
Sole
power to vote or direct the vote
|
13,000,000
|
(ii)
|
Shared
power to vote or to direct the vote
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
13,000,000
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
0
|
NWG
Investments
|
|
(i)
|
Sole
power to vote or direct the vote
|
13,000,000
|
(ii)
|
Shared
power to vote or to direct the vote
|
0
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
13,000,000
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
0
|
Item
5.
|
Ownership
of Five Percent or Less of a
Class:
|
This
Item
5 is not applicable.
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another
Person:
|
This
Item
6 is not applicable.
Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security
Being
Reported on by the Parent Holding
Company:
|
This
Item
7 is not applicable.
Item
8.
|
Identification
and Classification of Members of the
Group:
|
This
Item
8 is not applicable.
Item
9.
|
Notice
of Dissolution of Group:
|
This
Item
9 is not applicable.
By
signing below each of the Reporting Persons certify that, to the best of such
person's knowledge and belief, the securities referred to above were acquired
and are held in the ordinary course of business and 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 such securities and were not acquired and are not
held
in connection with or as a participant in any transaction having such purpose
or
effect.
SCHEDULE
13G
CUSIP
No. 35903Q106
|
Page
7
of
7 Pages
|
SIGNATURES
After
reasonable inquiry and to the best of my knowledge and belief, the undersigned
certifies that the information set forth in this statement is true, complete
and
correct.
Date:
|
March
4, 2008
|
NWG
HOLDINGS INC.
|
|
|
By:
|
/s/Gayle
A. Hutchinson
|
|
Name:
|
Gayle
A. Hutchinson
|
|
|
Title:
|
Director
|
|
|
|
|
|
|
|
|
|
Date:
|
March
4,2008
|
NWG
INVESTMENTS INC.
|
|
|
By:
|
/s/Gayle
A. Hutchinson
|
|
Name:
|
Gayle
A. Hutchinson
|
|
|
Title:
|
Director
|
|
|
|
|
|
|
|
|
|
|
|
/s/Jacob
E. Safra
JACOB
E.
SAFRA
Joint
Filing Agreement
In accordance with Rule 13d-1(k) under the Securities Exchange Act, as amended,
the undersigned hereby agree to the joint filing on behalf of each of them
on a
statement on Schedule 13G (including amendments thereto) with respect to the
Common Stock, no par value, of Fronteer Development Group Inc.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this
4
th
day of
March, 2008.
NWG
INVESTMENTS INC.
NWG
HOLDINGS INC.
By:
/
s/Gayle
A. Hutchinson
By:
/s/Gayle
A. Hutchinson
Name:
Gayle
A.
Hutchinson
Name:
Gayle
A.
Hutchinson
Title:
Director
Title:
Director
/s/Jacob
E. Safra
JACOB
E.
SAFRA
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