-----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, PKqph6Gjn2w4PSzSFpFqB6Q5UBuhZwKHfxx1GJNCIjBZVbpUKD43j9f9Icsyla4v t4eLssG0uRLrB1fOyukdaA== 0000933157-97-000029.txt : 19971216 0000933157-97-000029.hdr.sgml : 19971216 ACCESSION NUMBER: 0000933157-97-000029 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19971212 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTURION MINES CORP CENTRAL INDEX KEY: 0000836123 STANDARD INDUSTRIAL CLASSIFICATION: MINERAL ROYALTY TRADERS [6795] IRS NUMBER: 870429204 STATE OF INCORPORATION: UT FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-41116 FILM NUMBER: 97737153 BUSINESS ADDRESS: STREET 1: 860 SOUTH 500 WEST STREET STREET 2: PO BOX 2365 CITY: SALT LAKE CITY STATE: UT ZIP: 84110-2365 BUSINESS PHONE: 801-534-1127 MAIL ADDRESS: STREET 1: P.O. BOX 2365 CITY: SALT LAKE CITY STATE: UT ZIP: 84110-2365 FORMER COMPANY: FORMER CONFORMED NAME: CENTURION MINE CORP DATE OF NAME CHANGE: 19940203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROYAL SILVER MINES INC CENTRAL INDEX KEY: 0000933157 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 870306609 STATE OF INCORPORATION: UT FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 10220 N NEVADA STREET 2: SUITE 207 CITY: SPOKANE STATE: WA ZIP: 99218 BUSINESS PHONE: 5094663144 MAIL ADDRESS: STREET 1: 10220 N NEVADA STREET 2: STE 230 CITY: SPOKANE STATE: WA ZIP: 99218 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED ROYAL MINES INC DATE OF NAME CHANGE: 19950908 SC 13D 1 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 CENTURION MINES CORPORATION - ----------------------------------------------------------------- (Name of Issuer) COMMON STOCK - ----------------------------------------------------------------- (Title of Class of Securities) 156422107 - ----------------------------------------------------------------- (CUSIP Number) Conrad C. Lysiak Attorney and Counselor at Law 601 West First Avenue Suite 503 Spokane, Washington 99201 (509) 624-1475 - ----------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 12, 1997 - ----------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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). 2 SCHEDULE 13D CUSIP No. 156422107 Page 2 of 13 Pages - ---------------------------------------------------------------- [1] Name of Reporting Person. S.S. OR I.R.S. Identification No. of above person ROYAL SILVER MINES, INC. 87-0306609 - ---------------------------------------------------------------- [2] Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] - ---------------------------------------------------------------- [3] SEC Use Only - ---------------------------------------------------------------- [4] Source of Funds* - ---------------------------------------------------------------- [5] Check box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ]. - ---------------------------------------------------------------- [6] Citizenship or Place of Organization Utah - ---------------------------------------------------------------- Number of [7] Sole Voting Power Shares 5,000,000 Beneficially ------------------------------------- Owned by [8] Shared Voting Power Each -0- Reporting ------------------------------------- Person [9] Sole Dispositive Power With 5,000,000 ------------------------------------- [10] Shared Dispositive Power -0- - ----------------------------------------------------------------- [11] Aggregate Amount Beneficially Owned by Each Reporting Person 5,000,000 - ----------------------------------------------------------------- [12] Check if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] - ----------------------------------------------------------------- [13] Percent of Class Represented by Amount in Row (11) 13.71% - ----------------------------------------------------------------- [14] Type of Reporting Person* Corporation - ----------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D CUSIP No. Page 3 of 13 Pages ITEM 1. SECURITY AND ISSUER This Schedule relates to Common Shares of Centurion Mines Corporation, a Utah corporation (the "Issuer"). Reference is made to the front cover page of Schedule 13D, of which this is a part, for the title of class of equity securities to which this schedule relates. The Issuer's Common Shares are registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (the "Act"). The principal executive offices of Issuer are located at 860 South 500 West, Salt Lake City, Utah 84101. ITEM 2. IDENTITY AND BACKGROUND [a] This Schedule is being filed by Royal Silver Mines, Inc. ("Royal"), a Utah corporation. The principal business of Royal is a U.S. mineral resource company. Royal is engaged in the business of acquiring and exploring mineral properties containing silver, lead, copper, zinc and other mineralization, with a primary emphasis on base metals. The address of the executive office of Royal is 10220 North Nevada, Suite 270, Spokane, Washington 99218. [b] During the past five years, neither Royal, nor any of the persons listed on Appendix B hereto has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). [c] During the past five years, neither Royal, nor any of the persons listed on Appendix B hereto has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining further violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The consideration for 5,000,000 shares of the Common Stock of Issuer was patented and unpatented mining claims, situated in Shoshone County, State of Idaho, more particularity claims located in T48N, R5E, Sections 16, 17, 18 26. 4 SCHEDULE 13D CUSIP No. 156422107 Page 4 of 13 Pages ITEM 4. PURPOSE OF TRANSACTION Royal acquired from the Issuer in a private transaction for investment purposes 5,000,000 shares of the Common Stock of the Issuer in exchange for certain patented and unpatented mining claims. The Issuer and Royal have entered into negotiations wherein certain shareholders of Royal have offered to tender shares of their Common Stock in exchange for shares of Common Stock of the Issuer. No definitive agreement between the shareholders of Royal and the Issuer have been executed and there is no assurance that such agreement will ever be executed. Except as to the above, none of the Reporting Persons, nor any other person named in Item 2 of this Statement, presently has any other plans or proposals which relate to, or would result in, any of the events or transactions contemplated by letter paragraphs (a) through (j) of this Item 4. (a) The acquisition by any person of additional securities of Issuer or the disposition of securities of Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board of directors of Issuer; (e) Any material change in the present capitalization or dividend policy of Issuer; (f) Any other material change in Issuer's business or corporate structure; (g) Changes in Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of Issuer by any person; (h) Causing a class of securities of Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; 5 SCHEDULE 13D CUSIP No. 156422107 Page 5 of 13 Pages (i) A class of equity securities of Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) Any action similar to any of those enumerated above; Except as to the above, none of the Reporting Persons, nor any other person named in Item 2 of this Statement, presently has any other plans or proposals which relate to, or would result in, any of the events or transactions contemplated by letter paragraphs (a) through (j) of this Item 4. ITEM 5. INTEREST IN SECURITIES OF ISSUER (a) As of the date hereof, Royal may be deemed to beneficially own 5,000,000 shares of the Common Stock of the Issuer, which represents approximately 13.71% of the outstanding shares of Common Stock of the Issuer. None of the directors or executive officers of Royal ("Appendix A") are beneficial owners of the Common Stock of the Issuer with the exception of Howard Crosby, Royal's President, who owns 100,000 shares of Common Stock of the Issuer. (b) Royal has sole power to vote or to direct the vote and sole power to dispose or direct the disposition of all of the Common Shares beneficially owned by it as described in (a) above. (c) Except as set forth in Item 4 hereinabove, Royal has not effected any transactions of the Common Stock of the Issuer during the past 60 days. (d) Except for the directors of Issuer (who, through their statutory powers as directors, have the right to determine if and when dividends are declared and paid), no person (other than a Reporting Person) is known by Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares beneficially owned by Reporting Persons as described in (a) above. (e) Not Applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The following contracts, arrangements, understandings and relationships currently exist with Royal in respect to securities of Issuer: 6 SCHEDULE 13D CUSIP No. 156422107 Page 6 of 13 Pages (a) Purchase Agreement between Royal Silver Mines, Inc. and Centurion Mines Corporation dated November 25, 1997. (b) Quit Claim Deed between Royal Silver Mines, Inc. and Centurion Mines Corporation dated December 9, 1997, regarding T48N, R5E, Section 16, 17 and 18, Boise Meridian, County of Shoshone, State of Idaho. (c) Quit Claim Deed between Royal Silver Mines, Inc. and Centurion Mines Corporation dated December 9, 1997, regarding T48N, R5E, Section 26, Boise Meridian, County of Shoshone, State of Idaho. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following written agreements, contracts, arrangements, understandings, plans and proposals are filed as Exhibits to this Schedule 13D: 10.15 Purchase Agreement between Royal Silver Mines, Inc. And Centurion Mines Corporation dated November 25, 1997. 10.16 Quit Claim Deed between Royal Silver Mines, Inc. and Centurion Mines Corporation dated December 9, 1997, regarding T48N, R5E, Section 16, 17 and 18, Boise Meridian, County of Shoshone, State of Idaho. 10.17 Quit Claim Deed between Royal Silver Mines, Inc. and Centurion Mines Corporation dated December 9, 1997, regarding T48N, R5E, Section 26, Boise Meridian, County of Shoshone, State of Idaho. 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. Dated this 11th day of December, 1997. ROYAL SILVER MINES, INC. BY: /s/ John Ryan, Vice President 7 SCHEDULE 13D CUSIP No. 156422107 Page 7 of 13 Pages APPENDIX A NAME AND BUSINESS ADDRESS POSITION - ------------------------- ------------------------- EXECUTIVE OFFICERS: - ------------------- Howard M. Crosby President and a member of the 10220 North Nevada Board of Directors Suite 270 Spokane, Washington 99218 Robert E. Jorgensen Executive Vice President, 10220 North Nevada Treasurer and a member of the Suite 270 Board of Directors Spokane, Washington 99218 John Ryan Vice President of Corporate 10220 North Nevada Development and a member of Suite 270 the Board of Directors Spokane, Washington 99218 Thomas Henricksen Secretary and a member of the 10220 North Nevada Board of Directors Suite 270 Spokane, Washington 99218 Jerry Stacey Vice President of Operations 10220 North Nevada Suite 270 Spokane, Washington 99218 EX-10 2 8 SCHEDULE 13D - EXHIBIT 10.15 CUSIP NO. 156422107 Page 8 of 13 Pages PURCHASE AGREEMENT This Purchase Agreement (the "Purchase Agreement") is made and entered into effective as of this 25th day of November, 1997, (the "Effective Date") by and between ROYAL SILVER MINES ,INC., a Utah corporation with an address of North 10220 Nevada, Suite 270, Spokane, Washington 99218, ("Seller") and Centurion Mines Corporation., a Utah corporation, with offices at 860 South, 500 West, Salt Lake City, Utah 84101 ("Buyer"). WITNESSETH: WHEREAS, Seller is the owner of patented and unpatented mining claims, situated in Shoshone County, State of Idaho, (the "Subject Property") and more particularly described in Exhibits "A", "B", and "C" attached hereto and made a part hereof, and WHEREAS, Seller desires to sell the Subject Property to Buyer, and Buyer desires to acquire the Subject Property, all in accordance with the terms and conditions set forth herein. NOW, THEREFORE, for 5,000,000 (five million) shares of the common stock of the Buyer valued at $1,500,000 (one million five hundred thousand dollars) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in further consideration of the promises and covenants herein contained, the parties hereto agree as follows: 1. Seller agrees to sell to the Buyer the subject mining properties located in Shoshone County, Idaho, and more fully described in Exhibits "A", "B", and "C". 2. Seller hereby agrees upon receipt of the aforesaid 5,000,000 (five million)) to execute, acknowledge and deliver to Buyer good and sufficient Quitclaim Deeds, in the form of the copy of such instrument which is attached hereto as Exhibit "D". Seller warrants that it has the power and authority to enter into and execute said Quitclaim Deeds, and that said Deeds shall be properly executed and shall be effective for the purposes intended. Seller also represents and warrants to Buyer that it is not aware of any liens, encumbrances, third party claims or outstanding third party interests or rights in or to the Subject Property or the production of minerals therefrom, that to the best of Seller's knowledge there are no environmental claims, liens or other problems affecting or in any way relating to the Subject Property and that the Subject Property is not a part of any actual or threatened "superfund" site or otherwise subject to federal, state or local environmental remediation action or 9 activities, and that there are no mechanics or materialmens liens which affect or which may affect the Subject Property, of record or otherwise. The representations and warranties set forth in this Purchase Agreement shall survive the delivery of the Quitclaim Deeds and the subsequent delivery of the 5,000,000 (five million) shares of common stock. Buyer shall have possession of the Subject Property on the Effective Date. 3. Seller understands that the shares issued in this transaction shall be restricted and represents and warrants to Buyer in connection with this transaction that it understands and accepts the full legal and economic effect and consequences of taking restricted stock of Buyer in this transaction, that it has adequately and fully informed itself as to Buyer's business, financial condition, stock price and other relevant matters with respect to Buyer, that it has been provided by Buyer with an opportunity to review such disclosures concerning the Buyer's business activities, financial condition and operations as Seller deems necessary or appropriate, that Seller is a sophisticated and knowledgeable investor which has utilized such accounting and legal advice and consultants as it deems necessary or appropriate to evaluate the terms of and protect its interest in this transaction, and that it is not relying in any way upon the promises or representations of Buyer with respect to the future business activities, stock price, saleability of the stock, or other actions of Buyer. Buyer has not made any representations, promises or commitments to Seller with respect to any future release of restrictions on the said 5,000,000 (five million) shares of Buyer's stock, and Seller understands that said stock will be issued with a restrictive legend and that as such said stock will not be marketable or tradeable for the indefinite future. 3. Seller agrees to deliver to Buyer within thirty (30) days following the Effective Date, originals or copies of all data, records and information which it has in its possession or which are reasonably accessible to it which pertain to the title to the Subject Property, the geology, mining and exploration history of the Subject Property, and any other information relating to the Subject Property. DATED effective as of the day and year first above written. ROYAL SILVER MINES, INC. BY: /s/ Howard M. Crosby Its President CENTURION MINES CORPORATION BY: _________________________________ Its President 10 STATE of WASHINGTON ) ) ss. COUNTY of SPOKANE ) On the 25th day of November, 1997, personally appeared before me Howard Crosby who being by me duly sworn, did say that he, the said President, is the President of Royal Silver Mines, Inc. a Utah corporation, and that the within and foregoing instrument was signed on behalf of said corporation by authority of a resolution of its Board of Directors, and said he duly acknowledged to me that said corporation executed the same. /s/ Shari Garber Spokane, Washington Commission Expires: February 6, 1999 STATE OF UTAH ) ) ss. COUNTY of ) On the ____ day of __________, 1997, personally appeared before me Spenst Hansen who being by me duly sworn, did say that he, the said President, is the President of Centurion Mines Corporation, a Utah corporation, and that the within and foregoing instrument was signed on behalf of said corporation by authority of a resolution of its Board of Directors, and said duly acknowledged to me that said corporation executed the same. EX-10 3 11 SCHEDULE 13D - EXHIBIT 10.16 CUSIP NO. 156422107 Page 11 of 13 Pages QUITCLAIM DEED ROYAL SILVER MINES, INC., (hereinafter referred to as "Transferor"), a Utah corporation, whose principal business address is 10220 North Nevada, Suite 270, Spokane, Washington 99218, in consideration of 4,500,000 shares of Common Stock of Centurion Mines Corporation (hereinafter referred to as "Transferee") and other valuable consideration paid to the Transferor, the receipt of which is hereby acknowledged, hereby remises, releases, and forever quitclaims to Transferee all of the interest of Transferor in and to any portion(s) of the patented mining claims listed on Appendix "A" attached, and which are located in Township 48 North, Range 5 East, Section 16, 17 and 18, Boise Meridian, County of Shoshone, State of Idaho. Dated this 9th day of December, 1997. ROYAL SILVER MINES, INC. BY: /s/ Howard M. Crosby Attest: John P. Ryan Title: President Title: Vice President STATE of WASHINGTON ) ) ss. COUNTY of SPOKANE ) On this day, personally appeared before me Howard Crosby and John Ryan, known to me to be the President and Vice President, respectively, of Royal Silver Mines, Inc., the corporation that executed the foregoing instrument, and acknowledged that said instrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that they are authorized to executed the said instrument. Witness my hand and official seal hereto affixed the day and year first above written. /s/ Shari Garber Notary Public in and for the State of Washington, residing at Spokane, Washington Commission Expires: February 6, 1999 12 APPENDIX "A" Survey # Survey Name 1335 Josephine 1354 Snow Drift 2183 Ben Harrison 2506 Ranger 3081 Patrick Henry 3081 Snow Flake Fr. Amended 3081A Black Pine Fr. Amended 3081A Black Pine No. 2 3081A Erin Amended 3081A Gild Edge 3081A Gild Edge Fr. Amended 3081A Iron Silver Fr. Amended 3081A Maid of Erin 3081A McSweeny 3081A Noble Schley 3081A Patrick Henry Amended 3081A Sampson 3081A White Pine Amended 3081B Maid of Erin M.S. 3081B Noble Schley M.S. 1195 Exchequer 1195 Moulton 1195 Toughnut EX-10 4 13 SCHEDULE 13D - EXHIBIT 10.17 CUSIP NO. 156422107 Page 13 of 13 Pages QUITCLAIM DEED ROYAL SILVER MINES, INC., (hereinafter referred to as "Transferor"), a Utah corporation, whose principal business address is 10220 North Nevada, Suite 270, Spokane, Washington 99218, in consideration of 100,000 shares of Common Stock of Centurion Mines Corporation (hereinafter referred to as "Transferee") and other valuable consideration paid to the Transferor, the receipt of which is hereby acknowledged, hereby remises, releases, and forever quitclaims to Transferee all of the interest of Transferor in and to any portion(s) of the patented mining claims described as follows: Boise Meridian, County of Shoshone, State of Idaho, Township 48 North, Range 5 East, Section 26, those portion of the Kildale Mining Claim (USBM claim number IMC 176715), the Kilkenny Mining Claim (number IMC 176707) and the Killarney Mining Claim (number IMC 176714) contained in Government lot 13 and that are not in conflict with the Betty mining claim (number IMC 13873). Dated this 9th day of December, 1997. ROYAL SILVER MINES, INC. BY: /s/ Howard M. Crosby Attest: John P. Ryan Title: President Title: Vice President STATE of WASHINGTON ) ) ss. COUNTY of SPOKANE ) On this day, personally appeared before me Howard Crosby and John Ryan, known to me to be the President and Vice President, respectively, of Royal Silver Mines, Inc., the corporation that executed the foregoing instrument, and acknowledged that said instrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that they are authorized to executed the said instrument. Witness my hand and official seal hereto affixed the day and year first above written. /s/ Shari Garber Notary Public in and for the State of Washington, residing at Spokane, Washington Commission Expires: February 6, 1999 -----END PRIVACY-ENHANCED MESSAGE-----