-----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, RCt8XPeXRb/xxhzxgYctT7IMlowkUwIvqipykF8v5qb1NL29bah659rtOSef8dk5 21nTBuKhj0RdqF3GOT8q6Q== 0001062993-06-003336.txt : 20061102 0001062993-06-003336.hdr.sgml : 20061102 20061102165546 ACCESSION NUMBER: 0001062993-06-003336 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20061101 FILED AS OF DATE: 20061102 DATE AS OF CHANGE: 20061102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sutcliffe Resources Ltd. CENTRAL INDEX KEY: 0001341313 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51570 FILM NUMBER: 061183414 BUSINESS ADDRESS: STREET 1: 420 - 625 HOWE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 2T6 BUSINESS PHONE: 604 608 0223 MAIL ADDRESS: STREET 1: 420 - 625 HOWE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 2T6 6-K 1 form6k.htm Filed by Automated Filing Services Inc. (604) 609-0244 - Sutcliffe Resources Ltd. - Form 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2006

Commission File Number: 000-51570

SUTCLIFFE RESOURCES LTD.
(Translation of registrant's name into English)

420-625 Howe Street, Vancouver
British Columbia, Canada V6C 2T6

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[ x ] Form 20-F   [           ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [           ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [           ]

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [           ] No [ x ]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _________


SUBMITTED HEREWITH

Exhibits

  99.1 News Release Dated October 2, 2006
     
  99.2 Form 62-103 dated October 6, 2006
     
  99.3 News Release Dated October 16, 2006
     
  99.4 Material Change Report dated October 16, 2006
     
  99.5 Press Release dated August 21, 2006
     
  99.6 Material Change Report dated August 21, 2006

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Sutcliffe Resources Ltd.
  (Registrant)
     
Date: November 1, 2006 By: /s/ Laurence Stephenson
    Laurence Stephenson
     
  Title: Chairman, President & CEO

 


EX-99.1 2 exhibit99-1.htm NEWS RELEASE DATED OCTOBER 2, 2006 Filed by Automated Filing Services Inc. (604) 609-0244 - Sutcliffe Resources Ltd. - Exhibit 99.1

Press Release SR #08-06

October 2, 2006

GRANT OF OPTIONS

Sutcliffe Resources Ltd. (the “Company”) is proposing to grant options to acquire a total of 800,000 shares at an exercise price of $1.12 per share to directors, officers, employees and consultants. These options will be granted according to the terms of the Stock Option Plan approved by disinterested shareholders at the last general meeting of the Company held on May 25, 2006.

On behalf of the Board of Directors

“Laurence Stephenson”

Laurence Stephenson,
President

 

Forward-looking statements - statements included in this news release that are not historical facts may be considered "forward-looking statements". All estimates and statements that describe the Company's objectives, goals or future plans are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

420-625 Howe Street, Vancouver, British Columbia CANADA V6C 2T6
Tel.: 604.608.0223
Fax: 604.608.0344 North America Toll-free: 1.877.233.2244


EX-99.2 3 exhibit99-2.htm FORM 62-103 DATED OCTOBER 6, 2006 Filed by Automated Filing Services Inc. (604) 609-0244 - Sutcliffe Resources Ltd. - Exhibit 99.2

REPORT FILED BY ELIGIBLE INSTITUTIONAL INVESTOR
UNDER PART 4 OF NATIONAL INSTRUMENT 62-103

Re: SUTCLIFFE RESOURCES LTD. (the “Issuer”)

(a)

The name and address of the Eligible Institutional Investor:

   

Firebird Global Master Fund, Ltd. (the “Investor”)
c/o
Citco Fund Services (Cayman Islands) Limited
Corporate Centre
West Bay Road
P.O. Box 31106 SMB

Grand Cayman

Cayman Islands, British West Indies

   
(b)

The net increase or decrease in the number or principal amount of securities, and in the Investor’s securityholding percentage in the class of securities, since the last report filed by the Investor:

   

Between the end of July 2006 and the end of September 2006, the Investor, and its joint actors, acquired an additional 1,340,000 common shares and 670,000 warrants to acquire the same number of common shares in the share capital of the Issuer, the whole pursuant to a private placement offering. Furthermore, the Investor and its joint actors acquired 2,170,000 common shares pursuant to the exercise of 2,170,000 share purchase warrants.

   

With these acquisitions the Investor’s, and its joint actors’, securityholding percentage in the Issuer increased by 3.95% since the last report.

   
(c)

The designation and number or principal amount of securities and the Investor’s securityholding percentage in the class of securities at the end of the month for which the report is made:

   

The Investor reports that the aggregate number of securities of the Issuer held by the Investor, and its joint actors, at the end September 2006 is 5,660,000 common shares and 500,000 warrants to acquire the same number of common shares in the share capital of the Issuer. Out of the 5,660,000 common shares and 500,000 warrants, 2,750,000 common shares and 300,000 warrants are held by the Investor, 1,510,000 common shares are held by Firebird Avrora Fund, Ltd., 1,000,000 common shares are held by Firebird New Russia Fund, Ltd. and 400,000 common shares and 200,000 warrants are held by Firebird Global Master Fund II, Ltd.



- 2 -

The 5,660,000 common shares held by the Investor, and its joint actors, represent approximately 12.66 % of the outstanding common shares of the Issuer.

   

In addition, assuming the exercise by the Investor, and its joint actors, of the above- mentioned warrants to acquire additional common shares of the Issuer, the Investor’s, and its joint actors’, total securityholding in the share capital of the Issuer would be 6,160,000 common shares representing approximately 13.62 % of the outstanding common shares of the Issuer, including the common shares deemed to be acquired pursuant to the exercise of such warrants.

   
(d)

The designation and number or principal amount of securities and the percentage of outstanding securities referred to in paragraph (c):

   
(i)

over which the Investor, either alone or together with any joint actors, has ownership and control:

   

See item (c) above

   
(ii)

over which the Investor, either alone or together with any joint actors, has ownership but control is held by other entities other than the Investor or any joint actor:

   

N/A

   
(iii)

over which the Investor, either alone or together with any joint actors, has exclusive or shared control but does not have ownership:

   

N/A

   
(e)

The purpose of the Investor and any joint actors in acquiring or disposing of ownership of, or control over, the securities, including any future intention to acquire ownership of, or control over, additional securities of the Issuer:

   

The securities were acquired for passive financial investment purposes. The Investor, and its joint actors, may, from time to time, acquire additional securities of the Issuer, may continue to hold their present position or may dispose of their securities.

   
(f)

The general nature and material terms of any agreement, other than lending arrangements, with respect to securities of the Issuer entered into by the Investor, or any joint actor, and the Issuer or any other entity in connection with any transaction or occurrence resulting in the change in ownership or control giving rise to this report, including Agreements with respect to the acquisition, holding, disposition or voting of any of the securities:



- 3 -

Subscription Agreements for Units entered into by each of the Investor, Firebird Avrora Fund, Ltd. and Firebird Global Master Fund II, Ltd., subscribing for 600,000, 340,000 and 400,000 units of the Issuer, respectively, on a prospectus-exempt basis. Each unit consists of one common share and one-half common share purchase warrant, each full warrant being exercisable at a price of $0.85, into one common share, for a period of 2 years following the closing date.

   

The shares issued pursuant to the private placement offering and any shares to be issued upon the exercise of the share purchase warrants, are subject to a hold period expiring January 11, 2007.

   
(g)

The names of any joint actors:

   

Firebird Avrora Fund, Ltd.

   

Firebird New Russia Fund, Ltd.

   

Firebird Global Master Fund II, Ltd.

   
(h)

Description of any change in any material fact set out by the Investor in the previous report:

   

Since the last report dated August 9, 2006, the Investor, and its joint actors, exercised 2,170,000 warrants to acquire the same number of common shares in the share capital of the Issuer. 1,000,000 share purchase warrants were exercised by the Investor, 670,000 share purchase warrants were exercised by Firebird Avrora Fund, Ltd. and 500,000 share purchase warrants were exercised by Firebird New Russia Fund, Ltd.

   

Firebird Global Master Fund II, Ltd. is a new joint actor of the Issuer.

   
(i)

Statement:

   

The Investor is eligible to file this report under Part 4 of National Instrument 62-103 with respect to the Issuer.

DATED this 6th day of October, 2006.

    FIREBIRD GLOBAL MASTER FUND, LTD.
     
  Per: (s) James Passin
  Name: James Passin
  Title: Director


EX-99.3 4 exhibit99-3.htm NEWS RELEASE DATED OCTOBER 16, 2006 Filed by Automated Filing Services Inc. (604) 609-0244 - Sutcliffe Resources Ltd. - Exhibit 99.3

October 16, 2006

Sutcliffe Resources Ltd. (SR – TSX.V) is pleased to report that it has agreed to financial terms for the acquisition of a 51% interest and, ultimately, a 100% interest in the Ozherelie and Ykanskoye mineral projects, located in the Irkutsk Oblast region of Siberia, Russia, approximately 1,100 kilometres north of the City of Irkutsk and 35 kilometres from the Sukhoi Log gold deposit.

The Company will be obligated to pay US$10,000,000 by November 8, 2006 to acquire a 51% interest in M.L. Ltd. (“ML”), the private Russian Company which owns the projects, and must thereafter incur US$12,000,000 in exploration expenses on the two projects over four years. If a resource calculation prepared as a “C2” calculation under Russian law and indicating a reserve of at least 20 tonnes of gold (approximately 600,000 troy ounces) is received by the Company, the Company will be obligated to pay an additional US$8,000,000 for the remaining 49% interest in ML, giving the Company 100% control of the two projects. After such time as the entire US$12,000,000 has been spent on exploration, a further C2 resource calculation will be prepared and the Company will be obligated to pay to the vendors of ML that amount which is equal to US$10.00 per ounce for each troy ounce of gold reserves in excess of 20 tonnes. A finder’s fee is payable in connection with the proposed acquisition.

The Company is currently in the process of completing its due diligence on the Irkutsk projects and ML. The proposed acquisition is subject to execution of a formal agreement, financing and acceptance by the TSX Venture Exchange. There can be no assurance that the Company will be successful in concluding a formal agreement to acquire the two Irkutsk properties on terms acceptable to it and there can be no assurance that the Company will be able to raise all required funds.

Further information on the aforementioned projects will be released as it becomes available.

On behalf of the board of directors,

Laurence Stephenson”

Laurence Stephenson, P.Eng, MBA
President

For further information, please visit our website www.sutclifferesources.com.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements.

420-625 Howe Street, Vancouver, British Columbia CANADA V6C 2T6
Tel.: 604.608.0223
Fax: 604.608.0344 North America Toll-free: 1.877.233.2244


EX-99.4 5 exhibit99-4.htm MATERIAL CHANGE REPORT DATED OCTOBER 16, 2006 Filed by Automated Filing Services Inc. (604) 609-0244 - Sutcliffe Resources Ltd. - Exhibit 99.4

MATERIAL CHANGE REPORT

1.

Name and Address of Reporting Issuer:

  

Sutcliffe Resources Ltd. ("Sutcliffe")
420, 625 Howe Street
Vancouver, B.C. V6C 2T6

  
2.

Date of Material Change:

  

October 16, 2006

  
3.

News Release

  

A press release disclosing the details outlined in this Material Change Report was issued by Sutcliffe on October 17, 2006 and disseminated through the facilities of a recognized news service and would have been received by the securities commissions where Sutcliffe is a "reporting issuer" in the normal course of its dissemination.

  
4.

Summary of Material Change:

  

On October 16, 2006, Sutcliffe agreed to financial terms for the acquisition of an initial 51% interest and , ultimately, a 100% interest in the Ozherelie and Ykanskoye mineral projects located in the Irkutsk Oblast region of Russia approximately 1,100 km north of the city of Irkutsk.

  
5.

Full Description of Material Change:

  

On October 16, 2006, Sutcliffe reported that it has agreed to financial terms for the acquisition of a 51% interest and, ultimately, a 100% interest in the Ozherelie and Ykanskoye mineral projects located in the Irkutsk Oblast region of Russia approximately 1,100 kilometres north of the City of Irkutsk and 35 kilometres from the Sukhoi Log gold deposit.

  

The Company will be obligated to pay US$10,000,000 by November 8, 2006 to acquire a 51% interest in M.L. Ltd. (“ML”), the private Russian Company which owns the projects, and must thereafter incur US$12,000,000 in exploration expenses on the two projects over four years. If a resource calculation prepared as a “C2” calculation under Russian law and indicating a reserve of at least 20 tonnes of gold (approximately 600,000 troy ounces) is received by the Company, the Company will be obligated to pay an additional US$8,000,000 for the remaining 49% interest in ML, giving the Company 100% control of the two projects. After such time as the entire US$12,000,000 has been spent on exploration, a further C2 resource calculation will be prepared and the Company will be obligated to pay to the vendors of ML that amount which is equal to US$10.00 per ounce for each troy ounce of gold reserves in excess of 20 tonnes. A finder’s fee is payable in connection with the proposed acquisition.

  

The Company is currently in the process of completing its due diligence on the Irkutsk projects and ML. The proposed acquisition is subject to execution of a formal agreement, financing and acceptance by the TSX Venture Exchange. There can be no assurance that the Company will be successful in concluding a formal agreement to acquire the two Irkutsk properties on terms acceptable to it and there can be no assurance that the Company will be able to raise all required funds.



2

6.

Reliance on subsection 7.1(2) or (3) of National Instrument 51-102:

  

Not applicable.

  
7.

Omitted Information:

  

Not applicable.

  
8.

Executive Officer:

  

The name and business numbers of the executive officer of Sutcliffe who is knowledgeable of the material change and this report is:

  

Laurence Stephenson, President
Telephone: (604) 608-0223
Facsimile: (604) 608-0344

  
9.

Date of Report: October 17, 2006

Copy to: TSX Venture Exchange


EX-99.5 6 exhibit99-5.htm PRESS RELEASE DATED AUGUST 21, 2006 Filed by Automated Filing Services Inc. (604) 609-0244 - Sutcliffe Resources Ltd. - Exhibit 99.5

Press Release SR #10-06

August 21, 2006

Mr. Laurence Stephenson reports

SUTCLIFFE RESOURCES WINS AUCTION FOR GOLD PROJECTS IN FAR EAST RUSSIA

Sutcliffe Resources Ltd. has learned that Chukot Gold ZAO, a company incorporated under the laws of the Russian federation, has been awarded two exploration properties in the Federal Subsoil Agency auction held August 17, 2006, in Anadyr, Chukotka autonomous district. Sutcliffe holds the exclusive rights of Chukot Gold ZAO in these tenders, as stated in a news issued on January 12,2006. The Chukotka autonomous district is the farthest northeast region of Russia, on the shores of the Bering Sea, directly across from the state of Alaska. The terms of the auction and mineral deposits are as follows:

Elvenei deposit

The Elvenei deposit is located in central Chukotka, 110 kilometers from Bilibino, home of the Bilibino atomic power station (43 megawatts) and 540 kilometers from the largest Arctic seaport, Pevek.. The area of the Elvenei licence is 12 sqaure kilometers. The successful bid amount for the Elvenei deposit was 30.15 million Russian rubles ($1.2 million US). Suttcliffe will have a 20 year licence to exploit the deposit area.

Tumannoye deposit

The Tumannoye deposit is located in the northern part of the Chukotski peninsula and is serviced by road to the seaport of Egvekinot, and has power from the Egvekinot thermal power station (29.3 megawatts). The area of the Tumannoye licence is 19 square kilometers. The successful bid amount for the Tumannoye deposit was 28.15 million Russian rubles ($1.1 million US). Sutcliffe will have a 20 year licence to exploit the deposit area.

Sutcliffe intends to undertake a comprehensive exploration program extending into 2007 which will involve trenching, drilling and a metallurgical sampling program.

On behalf of the board of directors,

Laurence Stephenson”

Laurence Stephenson, P.Eng, MBA
President

For further information, please visit our website www.sutclifferesources.com.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements.

420-625 Howe Street, Vancouver, British Columbia CANADA V6C 2T6
Tel.: 604.608.0223
Fax: 604.608.0344 North America Toll-free: 1.877.233.2244


EX-99.6 7 exhibit99-6.htm MATERIAL CHANGE REPORT DATED AUGUST 21, 2006 Filed by Automated Filing Services Inc. (604) 609-0244 - Sutcliffe Resources Ltd. - Exhibit 99.6

MATERIAL CHANGE REPORT

1.

Name and Address of Reporting Issuer:

  

Sutcliffe Resources Ltd. ("Sutcliffe")
420, 625 Howe Street
Vancouver, B.C. V6C 2T6

  
2.

Date of Material Change:

  

August 21, 2006

  
3.

News Release

  

A press release disclosing the details outlined in this Material Change Report was issued by Sutcliffe on August 21, 2006 and disseminated through the facilities of a recognized news service and would have been received by the securities commissions where Sutcliffe is a "reporting issuer" in the normal course of its dissemination.

  
4.

Summary of Material Change:

  

On August 21, 2006, Sutcliffe learned that Chukot Gold ZAO was awarded two exploration properties in the Federal Subsoil Agency auction held August 17, 2006 in Anadyr, Russia. Sutcliffe holds the exclusive rights of Chukot Gold ZAO in these tenders.

  
5.

Full Description of Material Change:

On August 21, 2006, Sutcliffe Resources Ltd. has learned that Chukot Gold ZAO, a company incorporated under the laws of the Russian federation, has been awarded two exploration properties, the Elvenei and the Tumannoye, in the Federal Subsoil Agency auction held August 17, 2006, in Anadyr, Chukotka autonomous district. Sutcliffe holds the exclusive rights of Chukot Gold ZAO in these tenders, as stated in a news issued on January 12, 2006. The Chukotka autonomous district is the farthest northeast region of Russia, on the shores of the Bering Sea, directly across from the state of Alaska. The terms of the auction and mineral deposits are as follows:

The Elvenei deposit is located in central Chukotka, 110 kilometers from Bilibino, home of the Bilibino atomic power station (43 megawatts) and 540 kilometers from the largest Arctic seaport, Pevek.. The area of the Elvenei licence is 12 sqaure kilometers. The successful bid amount for the Elvenei deposit was 30.15 million Russian rubles ($1.2 million US). Suttcliffe will have a 20 year licence to exploit the deposit area.

The Tumannoye deposit is located in the northern part of the Chukotski peninsula and is serviced by road to the seaport of Egvekinot, and has power from the Egvekinot thermal power station (29.3 megawatts). The area of the Tumannoye licence is 19 square kilometers. The successful bid amount for the Tumannoye deposit was 28.15 million Russian rubles ($1.1 million US). Sutcliffe will have a 20 year licence to exploit the deposit area.



2

6.

Reliance on subsection 7.1(2) or (3) of National Instrument 51-102:

  

Not applicable.

  
7.

Omitted Information:

  

Not applicable.

  
8.

Executive Officer:

  

The name and business numbers of the executive officer of Sutcliffe who is knowledgeable of the material change and this report is:

  

Laurence Stephenson, President
Telephone: (604) 608-0223
Facsimile: (604) 608-0344

  
9.

Date of Report: October 17, 2006

Copy to: TSX Venture Exchange


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