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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 1)
Under the Securities Exchange Act of 1934
EURO TRADE & FORFAITING, INC.
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(Name of Issuer)
Common Stock, $0.001 Par Value
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(Title of Class of Securities)
29870X 10 3
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(CUSIP Number)
Michael J. Smith
Suite 1620, 400 Burrard Street
Vancouver, British Columbia
Canada V6C 3A6
Telephone (604) 683-5767
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
March 2, 2001
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(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 that 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 [ ].
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CUSIP No. 29870X 10 3
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1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
Beaumont Capital Ltd.
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2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3) SEC Use Only
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4) Source of Funds WC
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6) Citizenship or Place of Organization Republic of Liberia
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Number of (7) Sole Voting Power 0
Shares Bene- ---------------------
ficially (8) Shared Voting Power 15,940,000
Owned by ------------------
Each Reporting (9) Sole Dispositive Power 0
Person ----------------
With (10) Shared Dispositive Power 15,940,000
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
15,940,00
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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13) Percent of Class Represented by Amount in Row (11) 57.9%
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14) Type of Reporting Person CO
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CUSIP No. 29870X 10 3
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1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
Samuel W. Lee
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2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3) SEC Use Only
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4) Source of Funds AF
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6) Citizenship or Place of Organization Korean
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Number of (7) Sole Voting Power 0
Shares Bene- -------------
ficially (8) Shared Voting Power 15,940,000
Owned by ------------------
Each Reporting (9) Sole Dispositive Power 0
Person -------------
With (10) Shared Dispositive Power 15,940,000
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
15,940,000
----------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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13) Percent of Class Represented by Amount in Row (11) 57.9%
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14) Type of Reporting Person IN
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This amendment No. 1 to Schedule 13D (the "Amendment No. 1") amends the
Schedule 13D of Beaumont Capital Ltd. ("Beaumont") and Samuel W. Lee ("Mr.
Lee") dated November 16, 2000 (the "Schedule 13D"), and is being filed by
Beaumont and Mr. Lee to report an increase in the number of shares of Euro
Trade & Forfaiting, Inc. ("Euro Trade") held by Beaumont and Mr. Lee since
the date of the Schedule 13D.
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 relates to the shares (the "Shares") of common stock
with a $0.001 par value each of Euro Trade, a Utah corporation, having a
principal executive office at Suite 1620, 400 Burrard Street, Vancouver,
British Columbia, Canada V6C 3A6.
ITEM 2. IDENTITY AND BACKGROUND.
This Amendment No. 1 is filed on behalf of Beaumont and Mr. Lee. See item
6 on pages 2 and 3 of this Amendment No. 1 for the place of organization
or citizenship of Beaumont and Mr. Lee.
The executive officers and directors of Beaumont remain unchanged since
the filing of the Schedule 13D.
During the last five years, neither Beaumont nor Mr. Lee has been, nor, to
the knowledge of Beaumont, have any of its directors been, convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanours), nor have they been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result
of such proceeding were or are subject to a judgement, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or State securities laws or finding any
violation with respect to such laws.
Beaumont and Mr. Lee have executed a joint filing agreement consenting to
the joint filing of this Amendment No. 1. Such agreement is filed as
Exhibit 1 to this Amendment No. 1 and is incorporated herein by reference.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Beaumont paid an aggregate of $2,750,000, or $0.25 per Share, to acquire
11,000,000 Shares of Euro Trade in a private transaction on March 2, 2001.
The purchase price was paid from Beaumont's working capital.
ITEM 4. PURPOSE OF TRANSACTION.
Beaumont acquired 11,000,000 Shares of Euro Trade on March 2, 2001 for
investment purposes. At this time, neither Beaumont nor Mr. Lee, nor, to
the knowledge of Beaumont, any of its directors or executive officers,
have the intention of acquiring additional shares of Euro Trade, although
Beaumont and Mr. Lee reserve the right to make additional purchases on the
open market, in a private transaction and from treasury. Neither Beaumont
nor Mr. Lee, nor, to the knowledge of Beaumont, any of its directors or
executive officers, have any plans or proposals to effect any of the
transactions listed in Item 4(a)-(j) of Schedule 13D.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Beaumont is the beneficial owner of, and Mr. Lee is the indirect
beneficial owner of, 13,470,000 Shares of Euro Trade and warrants to
acquire an additional 2,470,000 Shares of Euro Trade, representing in
aggregate 57.9% of the issued and outstanding Shares of Euro Trade on a
diluted basis. Beaumont and Mr. Lee share voting and dispositive power
over these Shares of Euro Trade and warrants to acquire Shares of Euro
Trade.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit Number Description
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1 Joint Filing Agreement between Beaumont Capital
Ltd. and Samuel W. Lee dated March 6, 2001.
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SIGNATURE
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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.
March 6, 2001
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(Date)
BEAUMONT CAPITAL LTD.
By:
/s/ Samuel W. Lee
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(Signature)
Samuel W. Lee, President
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(Name and Title)
March 6, 2001
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(Date)
/s/ Samuel W. Lee
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(Signature)
SAMUEL W. LEE
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(Name and Title)
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EXHIBIT INDEX
Exhibit Number Description
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1 Joint Filing Agreement between Beaumont Capital
Ltd. and Samuel W. Lee dated March 6, 2001.