-----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, TDTMpkVENWq3LYQtUcb5PW9nw6kuijTOywC2CUCSywYtMcra5F9PRRIX5JJekOtT rCbNIYJhGdpa1nDWDGbo9Q== 0000950150-02-000093.txt : 20020414 0000950150-02-000093.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950150-02-000093 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VENTURES WEST CAPITAL LTD CENTRAL INDEX KEY: 0001105940 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 280 1285 WEST PENDER STREET STREET 2: VANCOUVER BRITISH COLUMBIA CANADA V6E CITY: VANCOUVER BRITISH MAIL ADDRESS: STREET 1: 280 1285 WEST PENDER STREET STREET 2: VANCOUVER BRITISH COLUMBIA CANADA V6E SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NOVATEL WIRELESS INC CENTRAL INDEX KEY: 0001022652 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 860824673 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-60619 FILM NUMBER: 02525295 BUSINESS ADDRESS: STREET 1: 9360 TOWNE CENTRE DR STREET 2: SUITE 110 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 8583208800 MAIL ADDRESS: STREET 1: 9360 TOWNE CENTRE DR STREET 2: SUITE 110 CITY: SAN DIEGO STATE: CA ZIP: 92121 SC 13G 1 a78789sc13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULE 13d-1 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Novatel Wireless, Inc. ---------------------- (Name of Issuer) Common Stock ------------------------------ (Title of Class of Securities) 66987M109 -------------- (CUSIP Number) December 31, 2001 ------------------------------------------------------- (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) 13G CUSIP No. 66987M109 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons: I.R.S. Identification Nos. of above persons (entities only). Ventures West Capital Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: Canada - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power: Beneficially Owned 6,480,786 By Each Reporting ----------------------------------------------------- Person With 6. Shared Voting Power: 0 ----------------------------------------------------- 7. Sole Dispositive Power: 6,480,786 ----------------------------------------------------- 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 6,480,786 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 11.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- 13G Page 2 of 5 pages ITEM 1. (a) Name of Issuer: Novatel Wireless, Inc. (b) Address of Issuer's Principal Executive Offices: 9360 Towne Centre Drive, Suite 110 San Diego, California 92121 ITEM 2. (a) Name of Person Filing: Ventures West Capital Ltd. (b) Address of Principal Business Office or, if none, Residence: 1285 West Pender Street, Suite 280 Vancouver, British Columbia Canada V6E 4B1 (c) Citizenship: Canada (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 66987M109 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) [ ] Broker or dealer registered under section 15 of the Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Act; (c) [ ] Insurance company as defined in section 3(a)(19) of the Act; (d) [ ] Investment Company registered under Section 8 of the Investment Company Act; (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisors Act of 1940; (f) [ ] Employee Benefit Plan Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (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; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). 13G Page 3 of 5 pages ITEM 4. OWNERSHIP (a) Amount beneficially owned: 6,480,786 shares, including (i) 2,892,873 shares of common stock, warrants to purchase 1,443,886 shares of common stock and 1,298,701 shares of common stock issuable upon conversion of 1,000 shares of Series A Convertible Preferred Stock held of record by Bank of Montreal Capital Corporation, which is managed by Ventures West Management TIP, Inc., an entity wholly owned by Ventures West Capital Ltd., and (b) 433,938 shares of common stock, warrants to purchase 216,583 shares of common stock and 194,805 shares of common stock issuable upon conversion of 150 shares of Series A Convertible Preferred Stock held of record by Ventures West Investment Ltd., an 85% owned subsidiary of Ventures West Capital Ltd. (b) Percent of class: 11.2% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 6,480,786 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 6,480,786 (iv) Shares power to dispose or to direct the disposition of: 0 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 [ ]. 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 By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control 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. 13G Page 4 of 5 pages 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. VENTURES WEST CAPITAL LTD. /s/ ROBIN J. LOUIS ----------------------------------------- By: Robin J. Louis Title: President Date: January 31, 2002 13G Page 5 of 5 pages -----END PRIVACY-ENHANCED MESSAGE-----