-----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, Guk9PPIr9qOS5QUQTtI9/gYTWhweqw+UtwlmXokB5fOO+Nst4rKt+Oww2gguPO3n 1+t0PeBG7Nn5lqhQk6whqg== 0001171520-07-000013.txt : 20070119 0001171520-07-000013.hdr.sgml : 20070119 20070119125632 ACCESSION NUMBER: 0001171520-07-000013 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070119 DATE AS OF CHANGE: 20070119 GROUP MEMBERS: GAIL BRAZIL GROUP MEMBERS: THOMAS E. BRAZIL SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WITS BASIN PRECIOUS MINERALS INC CENTRAL INDEX KEY: 0000912875 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 841236619 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-50493 FILM NUMBER: 07540110 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: SUITE 900 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: (612)349-5277 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: SUITE 900 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: ACTIVE IQ TECHNOLOGIES INC DATE OF NAME CHANGE: 20010702 FORMER COMPANY: FORMER CONFORMED NAME: METEOR INDUSTRIES INC DATE OF NAME CHANGE: 19960313 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON FINANCIAL PARTNERS INC CENTRAL INDEX KEY: 0001259478 IRS NUMBER: 043222444 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 17 BAYNS HILL RD. CITY: BOXFORD STATE: MA ZIP: 01921 SC 13G 1 eps2356.txt BOSTON FINANCIAL PARTNERS, INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. )* WITS BASIN PRECIOUS MINERALS INC. ---------------- (Name of Issuer) Common Stock, par value $.01 per share ------------------------------ (Title of Class of Securities) 977427 10 3 -------------- (CUSIP Number) Thomas E. Brazil Boston Financial Partners, Inc. 601 Edgewater Drive, Suite 195 Wakefield, Massachusetts 01880 (781) 224-3335 --------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2006 ------------------------------------------------------- (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 filed 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 purposes 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). (Page 1 of 8 Pages) - ------------------- ----------------- CUSIP No. 977427103 SCHEDULE 13G Page 2 of 8 Pages - ------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Boston Financial Partners, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 8,094,367 (includes 3,387,500 shares issuable upon the SHARES exercise of outstanding warrants) -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER 8,094,367 (includes 3,387,500 shares issuable upon the OWNED BY exercise of outstanding warrants) -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER 8,094,367 (includes 3,387,500 shares issuable upon the REPORTING exercise of outstanding warrants) -------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER 8,094,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,185,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 8.6% as of the date of filing of this statement. (Based on 91,387,739 shares of Common Stock issued and outstanding as of November 10, 2006, plus the Common Stock issuable upon the exercise of the Warrants referred to in Row 5 above.) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS - ------------------- ----------------- CUSIP No. 977427103 SCHEDULE 13G Page 3 of 8 Pages - ------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Thomas E. Brazil - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 8,094,367 (includes 3,387,500 shares issuable upon the SHARES exercise of outstanding warrants) -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER 8,094,367 (includes 3,387,500 shares issuable upon the OWNED BY exercise of outstanding warrants) -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER 8,094,367 (includes 3,387,500 shares issuable upon the REPORTING exercise of outstanding warrants) -------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER 8,094,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,185,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 8.6% as of the date of filing of this statement. (Based on 91,387,739 shares of Common Stock issued and outstanding as of November 10, 2006, plus the Common Stock issuable upon the exercise of the Warrants referred to in Row 5 above.) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS - ------------------- ----------------- CUSIP No. 977427103 SCHEDULE 13G Page 4 of 8 Pages - ------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Gail Brazil - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 8,185,867 (includes 3,387,500 shares issuable upon the SHARES exercise of outstanding warrants) -------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER 8,094,367 (includes 3,387,500 shares issuable upon the OWNED BY exercise of outstanding warrants) -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER 8,094,367 (includes 3,387,500 shares issuable upon the REPORTING exercise of outstanding warrants) -------------------------------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER 8,094,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,185,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 8.6% as of the date of filing of this statement. (Based on 91,387,739 shares of Common Stock issued and outstanding as of November 10, 2006, plus the Common Stock issuable upon the exercise of the Warrants referred to in Row 5 above.) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS - ------------------- ----------------- CUSIP No. 977427103 SCHEDULE 13G Page 5 of 8 Pages - ------------------- ----------------- Item 1(a). Name of Issuer Wits Basin Precious Minerals Inc. Item 1(b). Address of Issuer's Principal Executive Offices 80 South 8th Street, Suite 900, Minneapolis, MN 55402-8773 Item 2(a). Name of Person Filing Boston Financial Partners, Inc. Item 2(b). Address of Principal Business Office or, if none, Residence 601 Edgewater Drive, Suite 195, Wakefield, Massachusetts 01880 Item 2(c). Citizenship Massachusetts Item 2(d). Title of Class of Securities Common Stock, par value $.01 per share Item 2(e). CUSIP Number 977427 10 3 - ------------------- ----------------- CUSIP No. 977427103 SCHEDULE 13G Page 6 of 8 Pages - ------------------- ----------------- Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) |_| Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) |_| Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) |_| An investment adviser in accordance with ss. 240.13d-1(b) - 1(b)(1)(ii)(E), (f) |_| An employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F). (g) |_| A parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G). (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (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 (15 U.S.C. 80a-3). (j) |_| Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. |_| Item 4. Ownership (a) Amount beneficially owned: 4,798,367 shares of Common Stock and Warrants to purchase 3,387,500 shares of Common Stock (b) Percent of class: Approximately 8.6% as of the date of filing of this statement. (Based on 91,387,739 shares of Common Stock issued and outstanding as of November 10, 2006, plus the Common Stock issuable upon the exercise of the Warrants referred to above.) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 8,094,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) (ii) Shared power to vote or to direct the vote: 8,094,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) (iii) Sole power to dispose or to direct the disposition of: 8,094,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) (iv) Shared power to dispose or to direct the disposition of: 8,094,367 (includes 3,387,500 shares issuable upon the exercise of outstanding warrants) Item 5. Ownership of Five Percent or Less of a Class N/A Item 6. Ownership of More than Five Percent on Behalf of Another Person N/A - ------------------- ----------------- CUSIP No. 977427103 SCHEDULE 13G Page 7 of 8 Pages - ------------------- ----------------- Item 7. Identification and Classification of the Subsidiary which Acquired the Security being Reported on by the Parent Holding Company or Control Person N/A Item 8. Identification and Classification of Members of a Group See Exhibit A. Item 9. Notice of Dissolution of Group N/A 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 issuer 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. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: January 16, 2007 BOSTON FINANCIAL PARTNERS, INC. By: /s/ Thomas E. Brazil --------------------------------- Name: Thomas E. Brazil Title: President /s/ Thomas E. Brazil --------------------------------- Thomas E. Brazil /s/ Gail Brazil --------------------------------- Gail Brazil - ------------------- ----------------- CUSIP No. 977427103 SCHEDULE 13G Page 8 of 8 Pages - ------------------- ----------------- Exhibit A Item 8. Identification and Classification of Members of the Group Name: Thomas E. Brazil Address: 20 North Street Topsfield, MA 01983 Reporting Person: Boston Financial Partners, Inc. Name: Gail Brazil Address: 20 North Street Topsfield, MA 01983 Reporting Person: Boston Financial Partners, Inc. -----END PRIVACY-ENHANCED MESSAGE-----