-----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, OBoStMEc/dTYC58diL/+HvDo2SraTyPYa9j4gD7OVKYY8VSX8s6UyCcuaeQBT0KN BOXkE4oGgZtkvMd6GUbjlA== 0001337851-07-000027.txt : 20071018 0001337851-07-000027.hdr.sgml : 20071018 20071018134416 ACCESSION NUMBER: 0001337851-07-000027 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071018 DATE AS OF CHANGE: 20071018 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Timberline Resources Corp CENTRAL INDEX KEY: 0001288750 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 820291227 BUSINESS ADDRESS: STREET 1: 1100 EAST LAKESHORE DRIVE, SUITE 301 CITY: COEUR D?ALENE STATE: ID ZIP: 83814 BUSINESS PHONE: (208) 664-4859 MAIL ADDRESS: STREET 1: 1100 EAST LAKESHORE DRIVE, SUITE 301 CITY: COEUR D?ALENE STATE: ID ZIP: 83814 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Praetorian Capital Management LLC CENTRAL INDEX KEY: 0001337851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51549 FILM NUMBER: 071178446 BUSINESS ADDRESS: STREET 1: 119 WASHINGTON AVENUE STREET 2: SUITE 600 CITY: MIAMI BEACH STATE: FL ZIP: 33139 BUSINESS PHONE: 305-938-2800 MAIL ADDRESS: STREET 1: 119 WASHINGTON AVENUE STREET 2: SUITE 600 CITY: MIAMI BEACH STATE: FL ZIP: 33139 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2007-09-30 0 0001288750 Timberline Resources Corp TBLC 0001337851 Praetorian Capital Management LLC 119 WASHINGTON AVENUE SUITE 600 MIAMI BEACH FL 33139 0 0 1 0 Common Stock, par value $0.001 2007-09-30 4 P 0 300000 2.75 A 4864500 I See Footnotes Warrant to purchase Common Stock, $0.001 par 3.5 2007-09-30 4 P 0 150000 0 A 2007-09-30 2009-09-29 Common Stock, par value $0.001 150000 150000 I See Footnotes Warrant to purchase Common Stock, $0.001 par 1 2006-12-22 2008-12-21 Common Stock, par value $0.001 525000 525000 I See Footnotes This Form 4 is being filed by Praetorian Capital Management LLC, a Delaware Limited Liability Company (the "Management Company") which serves as investment manager or advisor to Praetorian Offshore Ltd. and Praetorian Institutional Offshore Ltd. (the "Funds") with respect to the shares identified in this filing. The Management Company makes the investment and voting decisions on behalf of the Funds but owns no direct investments in the securities of the Issuer. The Funds directly own the shares of the Common Stock of the Issuer but do not make any decisions as to voting or buying or selling shares of the Issuer. Praetorian Offshore Ltd. owns 4,564,500 shares and a warrant to purchase 525,000 shares at an exercise price of $1.00 per common share purchased (all of which were purchased prior to the earliest date noted in this filing). Praetorian Institutional Offshore Ltd. owns 300,000 shares and a warrant to purchase 150,000 shares at an exercise price of $3.50 per common share purchased (all of which were acquired via a private placement as of September 30, 2007). In total, the Funds own 4,864,500 shares and warrants to purchase 675,000 shares. Harris B. Kupperman 2007-10-18 -----END PRIVACY-ENHANCED MESSAGE-----