-----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, Pb2LXP6I2i/2BRVv0hvYqG4SFet7j8r9k9maMcNe0arElQAb5ZtfkL9p91eU2NQg as2ud43jo7HpKeKvy9rSkA== 0000950124-00-000205.txt : 20000202 0000950124-00-000205.hdr.sgml : 20000202 ACCESSION NUMBER: 0000950124-00-000205 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000118 GROUP MEMBERS: DEEPHAVEN MARKET NEUTRAL MASTER FUND L P GROUP MEMBERS: DEEPHAVEN PRIVATE PLACEMENT TRADING LTD GROUP MEMBERS: KA INVESTMENTS LDC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: QUEEN SAND RESOURCES INC CENTRAL INDEX KEY: 0000943548 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 752615565 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-50339 FILM NUMBER: 509015 BUSINESS ADDRESS: STREET 1: 13760 NOEL ROAD STREET 2: SUITE 1030 CITY: DALLAS STATE: TX ZIP: 75240-7336 BUSINESS PHONE: 9722339906 MAIL ADDRESS: STREET 1: 13760 NOEL ROAD STREET 2: SUITE 1030 CITY: DALLAS STATE: TX ZIP: 75240-7336 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEEPHAVEN MARKET NEUTRAL MASTER FUND L P CENTRAL INDEX KEY: 0001093224 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1712 HOPKINS CROSSROAD CITY: MINNETONKA STATE: MN ZIP: 55305 BUSINESS PHONE: 6125424200 MAIL ADDRESS: STREET 1: 1712 HOPKINS CROSSROAD CITY: MINNETONKA STATE: MN ZIP: 55305 SC 13G/A 1 SCHEDULE 13G/A 1 SCHEDULE 13G (RULE 13d-102) Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Queen Sand Resources, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 747927 10 1 - -------------------------------------------------------------------------------- (CUSIP Number) - -------------------------------------------------------------------------------- (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 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). 2 CUSIP NO. 747927 10 1 13G PAGE 2 OF 8 PAGES - -------------------------------------------------------------------------------- 1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only) Deephaven Market Neutral Master Fund LP (N/A Foreign Entity) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [x] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization British Virgin Islands - -------------------------------------------------------------------------------- Number of 5 Sole Voting Power Shares 10,131,005 (1) ----------------------------------------------------- Beneficially 6 Shared Voting Power 0 Owned by ----------------------------------------------------- 7 Sole Dispositive Power Each 10,131,005 (1) ----------------------------------------------------- Reporting 8 Shared Dispositive Power Person With 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 10,131,005 (1) - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] (See Instructions) - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 29.7 (2) - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) (PN) - -------------------------------------------------------------------------------- (1) Includes (i) 247,757 shares of common stock held by KA Investments LDC., (2) 9,883,248 shares of Common stock issuable upon assumed exercise on December 31, 1999 of repricing rights held by KA Investments LDC entitling the acquisition of Repricing shares (however, the actual number of shares of Common Stock issuable as Repricing Shares will fluctuate with the Price of the Common Stock) (2) Based on 34,089,901 shares of Common Stock Outstanding as reported in the Company's Quarterly Report on Form 10Q for the quarter ended September 30, 1999. 3 CUSIP NO. 747927 10 1 13G PAGE 3 OF 8 PAGES - -------------------------------------------------------------------------------- 1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only) Deephaven Private Placement Trading Ltd (N/A Foreign Entity) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [x] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization British Virgin Islands - -------------------------------------------------------------------------------- Number of 5 Sole Voting Power Shares 10,131,005 (1) ----------------------------------------------------- Beneficially 6 Shared Voting Power 0 Owned by ----------------------------------------------------- 7 Sole Dispositive Power Each 10,131,005 (1) ----------------------------------------------------- Reporting 8 Shared Dispositive Power Person With 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 10,131,005 (1) - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] (See Instructions) - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 29.7 (2) - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) (CO) - -------------------------------------------------------------------------------- (1) Includes (i) 247,757 shares of common stock held by KA Investments LDC., (2) 9,883,248 shares of Common stock issuable upon assumed exercise on December 31, 1999 of repricing rights held by KA Investments LDC entitling the acquisition of Repricing shares (however, the actual number of shares of Common Stock issuable as Repricing Shares will fluctuate with the Price of the Common Stock) (2) Based on 34,089,901 shares of Common Stock Outstanding as reported in the Company's Quarterly Report on Form 10Q for the quarter ended September 30, 1999. 4 CUSIP NO. 747927 10 1 13G PAGE 4 OF 8 PAGES - -------------------------------------------------------------------------------- 1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (Entities Only) KA Investments LDC (N/A Foreign Entity) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) [ ] (See Instructions) (b) [x] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization Cayman Islands - -------------------------------------------------------------------------------- Number of 5 Sole Voting Power Shares 10,131,005 (1) ----------------------------------------------------- Beneficially 6 Shared Voting Power 0 Owned by ----------------------------------------------------- 7 Sole Dispositive Power Each 10,131,005 (1) ----------------------------------------------------- Reporting 8 Shared Dispositive Power Person With 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 10,131,005 (1) - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] (See Instructions) - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 29.7 (2) - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) (CO) - -------------------------------------------------------------------------------- (1) Includes (i) 247,757 shares of common stock held by KA Investments LDC., (2) 9,883,248 shares of Common stock issuable upon assumed exercise on December 31, 1999 of repricing rights held by KA Investments LDC entitling the acquisition of Repricing shares (however, the actual number of shares of Common Stock issuable as Repricing Shares will fluctuate with the Price of the Common Stock) (2) Based on 34,089,901 shares of Common Stock Outstanding as reported in the Company's Quarterly Report on Form 10Q for the quarter ended September 30, 1999. 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Item 1(a) Name of Issuer: Queen Sand Resources, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 13760 Noel Road, Suite 1030 Dallas, TX 75240-7336 Item 2(a) Name of Person Filing: 1. Deephaven Market Neutral Master Fund LP 2. Deephaven Private Placement Trading LTD 3. KA Investments LDC Item 2(b) Address of Principal Business Office: 1. 130 Cheshire Lane, Suite 102 Minnetonka, MN 55305 2. 130 Cheshire Lane, Suite 102 Minnetonka, MN 55305 3. 130 Cheshire Lane, Suite 102 Minnetonka, MN 55305 Item 2(c) Citizenship: 1. Deephaven Market Neutral Master Fund LP British Virgin Islands 2. Deephaven Private Placement Trading LTD British Virgin Islands 3. KA Investments LDC Cayman Islands Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 747927 10 1 5 6 Item 3 The person filing is a: 1. Deephaven Market Neutral Master Fund LP (PN) 2. Deephaven Private Placement Trading LTD (CO) 3. KA Investments LDC (CO) Item 4 Ownership: See Items 5-11 of each cover page 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 persons have ceased to be beneficial owners 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: See Schedule A Item 8 Identification and Classification of Members of the Group: Not Applicable Item 9 Notice of Dissolution of Group: Not Applicable 6 7 Item 10 Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes 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: January 14, 2000 DEEPHAVEN MARKET NEUTRAL MASTER FUND LP By: Colin Lancaster --------------------------------------------- Colin Lancaster, Secretary DEEPHAVEN PRIVATE PLACEMENT TRADING LTD. By: Colin Lancaster --------------------------------------------- Colin Lancaster, Secretary KA INVESTMENTS LDC By: Colin Lancaster --------------------------------------------- Colin Lancaster, Secretary 7 8 Schedule A Control Persons of: 1. Deephaven Market Neutral Master Fund LP ( A British Virgin Islands Limited Partnership) - Deephaven Market Neutral Fund Limited ( A British Virgin Islands Corporation) - Deephaven Capital Management LLC (A Delaware Limited Liability Company) 2. Deephaven Market Neutral Fund Limited (A British Virgin Islands Corporation) - Deephaven Capital LLC ( A Delaward Limited Liability Company) 3. KA Investments LDC (A British Virgin Islands Company) - Deephaven Market Neutral Master Fund LP ( A British Virgin Islands Limited Partnership) - Deephaven Capital Management LLC (A Delaware Limited Liability Company) - Deephaven Private Placement Trading LTD ( A British Virgin Island Corporation) 4. Deephaven Capital Management LLC - Arbitrade Holdings LLC ( A Delaware LLC) 5. Arbitrade Holdings LLC - Irvin Kessler, Efraim Gildor, Peter Hajas, Merrill Ferguson and Mark Lyons 6. Deephaven Private Placement Trading LTD (A British Virgin Island Corporation) - Deephaven Market Neutral Master Fund LP ( A British Virgin Islands Limited Partnership) - Deephaven Capital Management LLC (A Delaware Limited Liability Company) All can be reached at C/o Arbitrade Holdings LLC 130 Cheshire Lane, Suite 102 Minnetonka, MN 55305 (612) 542-4238 8 -----END PRIVACY-ENHANCED MESSAGE-----