UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
AMENDMENT NO.
Abbott Mines Limited
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(Name of Issuer)
Common Stock, par value $0.00001
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(Title of Class of Securities)
002840 10 6
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(CUSIP Number)
May 24, 2002
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(Date of Event Which Requires Filing of this Statement
CUSIP No.: 002840 10 6
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1. NAME OF REPORTING PERSON
Karl Douglas
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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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
NUMBER OF
1,491,873
SHARES --------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY --------------------------------------------
7. SOLE DISPOSITIVE POWER
EACH
1,491,873
REPORTING --------------------------------------------
8. SHARED DISPOSITIVE POWER
PERSON
-0-
WITH
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,491,873
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Not applicable.
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.55%
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12. TYPE OF REPORTING PERSON
IN
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Item 1.
(A) Abbott Mines Limited
(B) 535 West 34th Street, 5th Floor
New York, New York 10001
Item 2.
(A) Karl Douglas
(B) 535 West 34th Street, 5th Floor
New York, New York 10001
(C) U.S.A.
(D) Common Stock, par value $.00001
(E) 002840 10 6
Item 3.
Not applicable.
Item 4. Ownership.
(A) Amount Beneficially owned: 1,491,873
(B) Percent of Class: 12.55
(C) Number of shares as to which undersigned has:
(1) Sole power to vote or direct the vote: 1,491,873
(2) Shared power to vote or direct the vote: -0-
(3) Sole power to dispose or to direct the
disposition: 1,491,873
(4) Shared power to dispose or to direct the
disposition: -0-
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
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.
June 5, 2002
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Date
/S/ Karl Douglas
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Karl Douglas
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (See 18 U.S.C. Section l001).