-----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, TLeLiBM0vV2uhuVu7HhvXls4dYcO0B1wzmC8g+RKziv5ISr7i4HClFo+BxxjWwPj q69issE1CGcZIKj8UTv40w== 0001068800-07-000433.txt : 20070214 0001068800-07-000433.hdr.sgml : 20070214 20070214171128 ACCESSION NUMBER: 0001068800-07-000433 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070214 DATE AS OF CHANGE: 20070214 GROUP MEMBERS: U.S. GLOBAL INVESTORS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Piedmont Mining Company, Inc. CENTRAL INDEX KEY: 0001366826 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 561378516 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82494 FILM NUMBER: 07622536 BUSINESS ADDRESS: STREET 1: 18124 WEDGE PARKWAY, SUITE 214 CITY: RENO STATE: NV ZIP: 89511 BUSINESS PHONE: (212) 734-9848 MAIL ADDRESS: STREET 1: 18124 WEDGE PARKWAY, SUITE 214 CITY: RENO STATE: NV ZIP: 89511 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: U S GLOBAL INVESTORS INC CENTRAL INDEX KEY: 0000754811 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 741598370 STATE OF INCORPORATION: TX FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 7900 CALLAGHAN RD CITY: SAN ANTONIO STATE: TX ZIP: 78229 BUSINESS PHONE: 2103081234 MAIL ADDRESS: STREET 1: 7900 CALLAGHAN ROAD CITY: SAN ANTONIO STATE: TX ZIP: 78229 FORMER COMPANY: FORMER CONFORMED NAME: UNITED SERVICES ADVISORS INC /TX/ DATE OF NAME CHANGE: 19950321 SC 13G 1 piedmont.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 PIEDMONT MINING COMPANY, INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 720172-10-5 (CUSIP Number) December 31, 2006 (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 2 CUSIP No. 720172-10-5 1. NAMES OF REPORTING PERSONS: Frank E. Holmes I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 00-0000000 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Canada NUMBER OF 5. SOLE VOTING POWER: 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER: 3,013,720 shares OWNED BY EACH 7. SOLE DISPOSITIVE POWER: 0 REPORTING PERSON WITH 8. SHARED DISPOSITIVE POWER: 3,013,720 shares 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 3,013,720 shares 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% 12. TYPE OF REPORTING PERSON HC Page 2 of 2 CUSIP No. 720172-10-5 1. NAMES OF REPORTING PERSONS: U.S. Global Investors, Inc. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 00-0000000 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION: Commonwealth of Massachusetts NUMBER OF 5. SOLE VOTING POWER: 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER: 3,013,720 shares OWNED BY EACH 7. SOLE DISPOSITIVE POWER: 0 REPORTING PERSON WITH 8. SHARED DISPOSITIVE POWER: 3,013,720 shares 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 3,013,720 shares 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.59% 12. TYPE OF REPORTING PERSON IA ITEM 1. (a) NAME OF ISSUER: Piedmont Mining Co., Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 18124 Wedge Parkway, Suite 214 Reno, Nevada 89511 ITEM 2. (a) NAME OF PERSON FILING: Frank E. Holmes (b) ADDRESS OF PRINCIPAL 7900 Callaghan Road BUSINESS OFFICE San Antonio, Texas 78229 (c) CITIZENSHIP: Canada (a) NAME OF PERSON FILING: U.S. Global Investors, Inc. ("USGI") (b) ADDRESS OF PRINCIPAL 7900 Callaghan Road BUSINESS OFFICE San Antonio, Texas 78229 (c) CITIZENSHIP: Texas (d) TITLE OF CLASS OF SECURITIES: Common Stock (e) CUSIP NUMBER: 720172-10-5 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 17 CFR Section 240.13d-1(b) OR Section 240.13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with 17 CFR 240.13d-1(b)(1) (ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 17 CFR Section 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with 17 CFR Section 240.13d-(1)(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (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 (15 U.S.C. 80a-3); (j) [X] Group, in accordance with 17 CFR Section 240.13d-1(b)(1)(ii)(J). ITEM 4. OWNERSHIP. The responses to Items 5-11 of the respective cover pages of Mr. Holmes and USGI are hereby incorporated by reference in response to Items 4(a)-(c). USGI is a registered investment advisor under the Investment Advisors Act of 1940 and is principally engaged in the business of providing investment advisory and other services. In addition to investment advisory services, USGI is actively engaged in trading for its own account. 3,013,720 shares of Piedmont Mining Co., Inc. are held in USGI's own account. Mr. Holmes is the chief executive officer and controlling shareholder of USGI. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this 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. See Item 4 above. 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 By signing below I certify that, to the best of my 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 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. 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 as of February 14, 2007. FRANK E. HOLMES /s/ Susan B. McGee -------------------------------------------------- (Signature) By: Susan B. McGee, Power of Attorney US GLOBAL INVESTORS INC. By: Susan B. McGee President, General Counsel /s/ Susan B. McGee -------------------------------------------------- (Signature) EXHIBIT A JOINT FILING AGREEMENT We, the undersigned, hereby express our agreement that the attached Schedule 13G, and any amendments thereto, is filed jointly on behalf of each of us pursuant to Rule 13d-1(k) of the Exchange Act. Dated as of: February 14, 2007. FRANK E. HOLMES /s/ Susan B. McGee -------------------------------------------------- (Signature) By: Susan B. McGee, Power of Attorney US GLOBAL INVESTORS INC. By: Susan B. McGee President, General Counsel /s/ Susan B. McGee -------------------------------------------------- (Signature) -----END PRIVACY-ENHANCED MESSAGE-----