SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
AMENDMENT NO. 1
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1 (b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2 (b)
Grant Ventures, Inc.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
38822R-20-5
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(CUSIP Number)
8/11/04
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(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)
[x] Rule 13d-1(c)
[ ] 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
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).
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CUSIP No. 38822R-20-5 13G/A
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(1) NAMES OR REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Richard Smithline
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(2) CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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(5) SOLE VOTING POWER
0
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(6) SHARED VOTING POWER
NUMBER OF SHARES 3,477,152
BENEFICIALLY OWNED -----------------------------
BY EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
0
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(8) SHARED DISPOSITIVE POWER
3,477,152
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,477,152
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(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.94%
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 38822R-20-5 13G/A
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(1) NAMES OR REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DC Asset Management LLC
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(2) CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) SOLE VOTING POWER
0
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(6) SHARED VOTING POWER
NUMBER OF SHARES 3,008,400
BENEFICIALLY OWNED -----------------------------
BY EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
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(9) SHARED DISPOSITIVE POWER
3,008,400
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,008,400
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(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.14%
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No. 38822R-20-5 13G/A
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(1) NAMES OR REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DC Opportunity Advisors LLC
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(2) CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) SOLE VOTING POWER
0
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(6) SHARED VOTING POWER
3,008,400
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NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
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(10) SHARED DISPOSITIVE POWER
3,008,400
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,008,400
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(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.14%
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No. 38822R-20-5 13G/A
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(1) NAMES OR REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DCOFI Master LDC
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(2) CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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(5) SOLE VOTING POWER
0
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(6) SHARED VOTING POWER
NUMBER OF SHARES 3,008,400
BENEFICIALLY OWNED -----------------------------
BY EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
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(8) SHARED DISPOSITIVE POWER
3,008,400
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,008,400
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(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.14%
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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This Amendment No. 1 amends and restates the statement on Schedule 13G (the
"Schedule 13G") filed on August 10, 2004 on behalf of the Reporting Persons (as
defined in Item 2 below) relating to shares of common stock, par value $0.001
per share ("Common Stock") of Grant Ventures, Inc.
ITEM 1.
(a) Name of Issuer.
Grant Ventures Inc.
(b) Address of Issuer's Principal Executive Offices.
56 West 400 South, Suite #220
Salt Lake City, Utah 84101
ITEM 2.
(a) Name of Person Filing.
This Schedule 13G is being filed with respect to shares of Common
Stock of the Issuer which are beneficially owned by Richard
Smithline, DC Asset Management & LLC ("DC Asset"), DC Opportunity
Advisors LLC ("DC Opportunity") and DCOFI Master LDC ("DCOFI")
(collectively, the "Reporting Persons").
The Reporting Persons are making a joint filing because they may
be deemed a group pursuant to Section 13 of the Securities
Exchange Act of 1934. The Reporting Persons do not affirm the
existence of such a group.
(b) Address of Principal Business Office or, if none, Residence.
The principal business address of each of the Reporting Persons
is:
830 Third Avenue
New York, NY 10022
(c) Citizenship.
Mr. Smithline is a United States citizen.
DC Asset Management LLC is organized and existing in Delaware.
DC Opportunity Advisors LLC is organized and existing in Delaware.
DCOFI is organized and existing in the Cayman Islands.
(d) Title of Class of Securities.
Common Stock, $0.001 par value per share
(e) CUSIP Number.
38822R-20-5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [ ] Investment Adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E).
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with Sec.
240.13d-1(b)(1)(ii)(F).
(g) [ ] Parent holding company, in accordance with Sec. 240.13d-1(b)(ii)
(G).
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(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.
(j) [ X ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Sec. 240.13d-1(c), check this box
[ x ].
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned.
Mr. Smithline: 3,477,152 (comprised of
3,008,400 shares held by DCOFI, of which Mr.
Smithline is a director, 48,227 shares
underlying warrants held by Mr. Smithline
and 420,525 shares owned by Mr. Smithline).
DC Asset: 3,008,400 (comprised of 3,008,400
shares held by DCOFI, of which DC
Opportunity is the investment manager. DC
Asset owns DC Opportunity).
DC Opportunity: 3,008,400 (comprised of
3,008,400 shares held by DCOFI, of which DC
Opportunity is the investment manager).
DCOFI: 3,008,400 (comprised of 3,008,400
shares underlying warrants held by DCOFI).
(b) Percent of Class. Mr. Smithline: 5.94%
DC Asset: 5.14% DC
Opportunity: 5.14%
DCOFI: 5.14%
(c) Number of shares as to which each such person has
(i) sole power to vote or to direct the vote: Mr. Smithline: 0
DC Asset: 0
DC Opportunity: 0
DCOFI: 0
(ii) shared power to vote or to direct the vote: Mr. Smithline: 3,477,152
DC Asset: 3,008,400
DC Opportunity: 3,008,400
DCOFI: 3,008,400
(iii) sole power to dispose or to direct the
disposition of: Mr. Smithline: 0
DC Asset: 0
DC Opportunity: 0
DCOFI: 0
(iv) shared power to dispose or to direct
the disposition of: Mr. Smithline: 3,477,152
DC Asset: 3,008,400
DC Opportunity: 3,008,400
DCOFI: 3,008,400
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ ]
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 OR CONTROL
PERSON.
See Item 4(a) above, which is incorporated by reference herein.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
The Reporting Persons may be deemed to constitute a group with one
another pursuant to Section 13 of the Securities Exchange Act of 1934. The
Reporting Persons do not affirm the existence of such a group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
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.
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.
Date: November 29, 2004
/s/ Richard Smithline
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Richard Smithline
DC Asset Management LLC
By: /s/ Richard Smithline
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Name: Richard Smithline
Title: Managing Member
DC Opportunity Advisors LLC
By: /s/ Richard Smithline
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Name: Richard Smithline
Title: Managing Member
DCOFI Master LDC
By: /s/ Richard Smithline
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Name: Richard Smithline
Title: Director
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).
EXHIBIT A
AGREEMENT
JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree jointly to prepare and file with
regulatory authorities a Schedule 13G and any amendments thereto reporting each
of the undersigned's ownership of securities of Grant Ventures, Inc. and hereby
affirm that such Schedule 13G is being filed on behalf of each of the
undersigned.
Date: November 29, 2004
/s/ Richard Smithline
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Richard Smithline
DC Asset Management LLC
By: /s/ Richard Smithline
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Name: Richard Smithline
Title: Managing Member
DC Opportunity Advisors LLC
By: /s/ Richard Smithline
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Name: Richard Smithline
Title: Managing Member
DCOFI Master LDC
By: /s/ Richard Smithline
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Name: Richard Smithline
Title: Director