SC 13G 1 a2067773zsc13g.txt SCHEDULE 13G ------------------------- OMB APPROVAL ------------------------- OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response...14.9 ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Noranda Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Shares, No Par Value -------------------------------------------------------------------------------- (Title of Class of Securities) 655422 10 3 ---------------------------------- (CUSIP Number) Initial Report -------------------------------------------------------------------------------- (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) / / Rule 13d-1(c) /x/ 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). Sec 1745 (6/01) CUSIP No. 655422 10 3 13G PAGE 2 OF 4 PAGES ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Brascan Corporation ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member (a) / / of a Group (See Instructions) Not applicable (b) / / ------------------------------------------------------------------------------- 3. SEC Use Only ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Ontario, Canada ------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power Beneficially 94,120,813 Owned by -------------------------------------------------- Each Reporting 6. Shared Voting Power Person With: 0 -------------------------------------------------- 7. Sole Dispositive Power 94,120,813 -------------------------------------------------- 8. Shared Dispositive Power 0 ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 94,120,813 ------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row 9 39.5% ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) CO ------------------------------------------------------------------------------- 2 ITEM 1. (a) NAME OF ISSUER The name of the issuer is Noranda Inc. (the "Company"). (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES The principal executive offices of the Company are located at 181 Bay Street, Suite 4100, Toronto, Ontario M5J 2T3 ITEM 2. (a) NAME OF PERSON FILING This statement is being filed by Brascan Corporation ("Brascan"). (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE The address of the principal business office of the reporting person is 181 Bay Street, Suite 4400, Toronto, Ontario M5J 2T3 (c) CITIZENSHIP Ontario, Canada. (d) TITLE OF CLASS OF SECURITIES The securities to which this statement relates are the common shares, no par value (the "Common Shares"), of the Company. (e) CUSIP NUMBER The CUSIP number of the Common Shares is 655422 10 3. ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not applicable. ITEM 4. OWNERSHIP (a) As of December 31, 2001 Brascan beneficially owned 94,120,813 Common Shares, all of which Common Shares were owned through a wholly owned subsidiary. (b) The Common Shares owned beneficially by Brascan represented approximately 39.5% of the issued and outstanding Common Shares as of December 31, 2001. (c) As of December 31, 2001, Brascan had the sole power to vote or to direct the voting of the Common Shares and had the sole power to dispose of or to direct the disposition of the Common Shares. 3 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. 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 Not applicable. 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. As of January 11, 2002 BRASCAN CORPORATION By: /s/ Alan V. Dean ----------------------------------- Name: Alan V. Dean Title: Senior Vice President, Public and Corporate Affairs 4