0000912282-13-000137.txt : 20130219 0000912282-13-000137.hdr.sgml : 20130219 20130214212718 ACCESSION NUMBER: 0000912282-13-000137 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130215 DATE AS OF CHANGE: 20130214 GROUP MEMBERS: STERLING PORTFOLIO SECURITIES INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Loncor Resources Inc. CENTRAL INDEX KEY: 0001472619 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86656 FILM NUMBER: 13617325 BUSINESS ADDRESS: STREET 1: 100 KING STREET WEST, SUITE 7070 STREET 2: 1 FIRST CANADIAN PLACE CITY: TORONTO STATE: A6 ZIP: M5X 1E3 BUSINESS PHONE: (416) 366-2221 MAIL ADDRESS: STREET 1: 100 KING STREET WEST, SUITE 7070 STREET 2: 1 FIRST CANADIAN PLACE CITY: TORONTO STATE: A6 ZIP: M5X 1E3 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Loncor Resources Inc. CENTRAL INDEX KEY: 0001472619 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 100 KING STREET WEST, SUITE 7070 STREET 2: 1 FIRST CANADIAN PLACE CITY: TORONTO STATE: A6 ZIP: M5X 1E3 BUSINESS PHONE: (416) 366-2221 MAIL ADDRESS: STREET 1: 100 KING STREET WEST, SUITE 7070 STREET 2: 1 FIRST CANADIAN PLACE CITY: TORONTO STATE: A6 ZIP: M5X 1E3 SC 13G/A 1 kondratsc13g_loncor12312012.htm kondratsc13g_loncor12312012.htm

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 

SCHEDULE 13G

INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)

LONCOR RESOURCES INC.
(Name of Issuer)



COMMON SHARES
(Title of Class of Securities)



54179W101
(CUSIP Number)


December 31, 2012
(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 Rule 13d-1(b)
o Rule 13d-1(c)
x Rule 13d-1(d)
 
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).
 

 
 
 
 
CUSIP No. 54179W101
13G
Page of 2 of 6 Pages



1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
 
Arnold T. Kondrat
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Canadian
 
5
SOLE VOTING POWER
NUMBER OF
  
10,736,418*
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
    
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
10,736,418*
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
    
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
10,736,418*
*Note:  As of 12/31/12, the reporting person directly held 1,047,000 common shares and options to acquire an additional 700,000 common shares, and indirectly held 4,736,586 common shares through a registered retirement savings plan and 4,252,832 common shares through Sterling Portfolio Securities Inc.
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*o
   
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
14.4813%**
**Percentage was calculated based on 73,439,732 outstanding common shares of the issuer as of 11/9/12, plus 700,000 common shares in aggregate underlying options beneficially owned by the reporting person and included pursuant to rule 13d-3(d)(1)(i) of the Securities Act of 1934.
 
12
TYPE OF REPORTING PERSON*
 
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 
CUSIP No. 54179W101
13G
Page 3 of 6 Pages



1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
 
Sterling Portfolio Securities Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Canada
 
 
5
SOLE VOTING POWER
NUMBER OF
  
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  
4,252,832
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
  
4,252,832
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,252,832
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  o
 
     
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.7909%
12
TYPE OF REPORTING PERSON*
 
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
CUSIP No. 54179W101
13G
Page 4 of 6 Pages

 
 
Item 1 (a). Name of Issuer:
   
  Loncor Resources Inc.
   
Item 1 (b). Address of Issuer’s Principal Executive Offices:
   
1 First Canadian Place
100 King Street West
Suite 7070, P. O. Box 419
Toronto, Ontario M5X 1E3
Canada
   
Item 2 (a). Name of Person Filing:
   
i) Arnold T. Kondrat
ii) Sterling Portfolio Securities Inc.
   
Item 2 (b). Address of Principal Business Office or, if None, Residence:
   
  i) and ii) c/o
Banro Corp.
1 First Canadian Place
100 King Street West, Suite 7070
Toronto, Ontario M5X 1E3
Canada
     
Item 2 (c).  Citizenship:
   
i) Canadian
ii) Canada
   
Item 2 (d). Title of Class of Securities:
   
Common Shares
   
Item 2 (e). CUSIP Number:
   
  54179W101
   
Item 3.
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
   
  (a) o
Broker or dealer registered under Section 15 of the Act;
  (b) o
Bank as defined in Section 3(a)(6) of the Act;
  (c) o
Insurance Company as defined in Section 3(a)(19) of the Act;
  (d) o
Investment Company registered under Section 8 of the Investment Company Act;
  (e) o
Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f) o
Employee benefit plan or endowment plan in accordance with Rule 13d-1(b)(1)(ii)(F);
  (g) o
Parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h) o
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
 
 

 
 
 
CUSIP No. 54179W101
13G
Page 5 of 6 Pages

 
 
  (i) o
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:
  (j) o
Group, in accordance with Rule 13d-1(b)(1)(ii)(j).
       
    o
If this statement is filed pursuant to Rule 13d-1(c), check this box.
       
Item 4.
Ownership.
   
 
Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1.
       
  (a)
Amount beneficially owned:
       
     
See Item 9 on the cover page
       
  (b)  
Percent of class:
       
     
See Item 11 on the cover page
       
   (c)  
Number of shares as to which such person has:
      (i)   Sole power to vote or to direct the vote
           
      (ii)     Shared power to vote or to direct the vote
           
      (iii)    Sole power to dispose or to direct the disposition of
           
      (iv)    Shared power to dispose or to direct the disposition of
         
 
See Items 5-8 on the cover page
 
Instruction.  For computations regarding securities which represent a right to acquire an underlying security, see Rule 13d-3(d)(1).
 
Item 5.
Ownership of Five Percent or Less of a Class.
   
 
If the 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 o.
   
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
   
 
N/A
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
   
 
N/A
   
Item 8.
Identification and Classification of Members of the Group.
   
 
N/A
   
Item 9.
Notice of Dissolution of Group.
   
 
N/A
   
 
 
 
 
 
 
CUSIP No. 54179W101
13G
Page of 6 of 6 Pages

 
 
   
Item 10.
Certification.
   
   


 

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.


 
February 14, 2013
(Date)
   
 
 /s/ Arnold T. Kondrat
Arnold T. Kondrat
 
 
   
 
February 14, 2013
(Date)
   
 
Sterling Portfolio Securities Inc.
 
 
By:  /s/ Arnold T. Kondrat
Arnold T. Kondrat, President