Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the
Securities Exchange Act of 1934
(Amendment
_____)*
MONGOLIAN
EXPLORATIONS LTD.
________________________________________________________________________________
(Name
of
Issuer)
COMMON
STOCK, $0.001 PER SHARE PAR VALUE
________________________________________________________________________________
(Title
of
Class of Securities)
60936M
10 4
______________________________________
(CUSIP
Number)
Ivan
Bebek
c/o
Mongolian Explorations Ltd.
Suite
1605-750 West Pender Street
Vancouver,
B.C., Canada, V6C 2T8
(604)
351-1694
________________________________________________________________________________
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October
6, 2005
________________________________________________________________________________
(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 [
].
*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).
CUSIP
No.
075870 10 5
1. Names
of
Reporting Persons: Ivan
Bebek
I.R.S.
Identification Nos. of above persons (entities only): N/A
2.
Check
the
Appropriate Box if a Member of a Group (See
Instructions)
(a)
[_]
(b)
[_]
3.
SEC
Use Only:
4. Source
of
Funds (See Instruction): PF
5. Check
if
Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):
[
]
6. Citizenship
or Place of Organization: CANADA
Number
of
Shares Beneficially by Owned by Each Reporting Person With:
7. Sole
Voting Power:
2,000,000
SHARES
8. Shared
Voting Power: N/A
9. Sole
Dispositive Power: 2,000,000
SHARES
10. Shared
Dispositive Power: N/A
11. Aggregate
Amount Beneficially Owned by Each Reporting Person: 2,000,000
SHARES
12. Check
if
the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): [
]
13.
Percent
of Class Represented by Amount in Row (11): 21.39%
14.
Type
of
Reporting Person (See
Instructions): IN
2
CUSIP
No.
075870 10 5
ITEM
1. SECURITY
AND ISSUER.
This
Statement on Schedule 13D relates to the common stock, par value $0.001 per
share (the "Shares"), of Mongolian Explorations Ltd., a Nevada Corporation
(the
"Issuer"), and is being filed by Ivan Bebek (the "Reporting Person"). The
Issuer's current principal executive offices are located at Suite 1605-750
West
Pender Street, Vancouver, B.C., Canada V6C 2T8.
ITEM
2. IDENTITY
AND BACKGROUND
|
(a)
|
Name.
The name of the Reporting Person is Ivan Bebek.
|
|
(b)
|
Business
Address. The business address of the Reporting Person is Suite 1605-750
West Pender Street, Vancouver, B.C., Canada, V6C
2T8.
|
|
(c)
|
Occupation
and Employment. Ivan Bebek is employed as a manager of investor relations
for International Barytex Resources
Ltd.
|
|
(d)
|
Criminal
Proceedings. During the previous five (5) years, the Reporting Person
has
not been convicted in any criminal proceeding (excluding traffic
violations or similar
misdemeanors).
|
|
(e)
|
Civil
Proceedings. During the previous five (5) years, the Reporting Person
has
not been party to a civil proceeding of any of a judicial or
administrative body of competent jurisdiction such that, as a result
of
such proceeding, the Reporting Person was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting
or
mandating activity subject to, federal or state securities laws or
finding
any violation with respect to such
laws.
|
|
(f)
|
Citizenship.
Canada
|
ITEM
3. SOURCE
AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The
shares to which this statement relates were purchased by Ivan Bebek with his
personal funds.
ITEM
4. PURPOSE
OF TRANSACTION
The
purpose of this Schedule 13D is to report the acquisition by the Reporting
Person of 2,000,000 shares or 21.39% of the Issuer’s issued and outstanding
common stock as of February 13, 2006.
The
Reporting Person does not have any
current plans or proposals which would relate
to or would result in:
|
(a)
|
the
acquisition by any person of additional securities of the Issuer,
or the
disposition of securities of the
Issuer;
|
|
(b)
|
any
extraordinary corporate transaction, such as a merger, reorganization
or
liquidation, involving the Issuer or any of its
subsidiaries;
|
|
(c)
|
a
sale or transfer of a material amount of the assets of the Issuer
or any
of its subsidiaries;
|
|
(d)
|
any
change in the present board of directors or management of the Issuer,
including any plans or proposals to change the number or term of
directors
or to fill any existing vacancies on the
board;
|
|
(e)
|
any
material change in the present capitalization or dividend policy
of the
Issuer;
|
3
CUSIP
No.
075870 10 5
|
(f)
|
any
other material change in the Issuer's business or corporate structure
including, but not limited to, if the Issuer is a registered closed-end
investment company, any plans or proposals to make any changes in
its
investment policy for which a vote is required by Section 13 of the
Investment Company Act of 1940;
|
|
(g)
|
changes
in the Issuer's charter, bylaws or instruments corresponding thereto
or
other actions which may impede acquisition of control of the Issuer
by any
person;
|
|
(h)
|
causing
a class of securities of the 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;
|
|
(i)
|
a
class of equity securities of the 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.
|
ITEM
5. INTEREST
IN SECURITIES OF THE ISSUER.
(a)
Aggregate
Number and Percentage of Securities. The Reporting Person is the beneficial
owner of 2,000,000 shares of Common Stock of the Issuer, representing
approximately 21.39% of the Issuer's common stock (based upon 9,350,000 shares
of common stock outstanding at February 13, 2006),
|
(b)
|
Power
to Vote and Dispose. The
Reporting Person has sole voting and dispositive power over the Shares
identified in response to Item 5(a)
above.
|
|
(c)
|
Transactions
within the Past 60 Days. Not
applicable.
|
|
(d)
|
Certain
Rights of Other Persons. Not
applicable.
|
|
(e)
|
Date
Ceased to be a 5% Owner. Not
applicable.
|
ITEM
6. CONTRACTS,
ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF
THE
ISSUER.
The
Reporting Person does not have any contract, arrangement, understanding or
relationship with respect to securities of the Issuer including, but not limited
to, transfer or voting of any of the securities, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits, division
of
profits or loss, or the giving or withholding of proxies. Further, the Reporting
Person has not pledged securities of the Issuer nor are the securities of the
Issuer held by the Reporting Person subject to a contingency, the occurrence
of
which would give another person voting power or investment power over such
securities.
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CUSIP
No.
075870 10 5
ITEM
7. MATERIAL
TO BE FILED AS EXHIBITS.
None.
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: February
16, 2006
/s/
Ivan Bebek
Ivan
Bebek
5
CUSIP
No.
075870 10 5