SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D*
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A)
(AMENDMENT NO. __________)(1)
BEKEM METALS, INC.
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(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE PER SHARE
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(Title of Class of Securities)
077264109
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(CUSIP NUMBER)
Victoria Parry
Senior Legal Counsel
GLG Partners LP
One Curzon Street
London W1J 5HB
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(Name, address and telephone number of person
authorized to receive notices and communications)
June 30, 2006
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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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 12 Pages)
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(1)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 purposes 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. 077264109 13D Page 2 of 12
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
GLG Emerging Markets Fund
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS **
WC
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(5) CHECK BOX 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
Cayman Islands
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NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
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(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
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(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
26.1%
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(14) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 077264109 13D Page 3 of 12
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
GLG Partners LP
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS **
OO
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(5) CHECK BOX 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
England
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NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
26.1%
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(14) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 077264109 13D Page 4 of 12
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
GLG Partners Limited
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS **
OO
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(5) CHECK BOX 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
England
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NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
26.1%
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(14) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 077264109 13D Page 5 of 12
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Noam Gottesman
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS **
OO
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(5) CHECK BOX 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
United States
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NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
26.1%
--------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 077264109 13D Page 6 of 12
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Pierre Lagrange
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS **
OO
--------------------------------------------------------------------------------
(5) CHECK BOX 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
Belgium
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NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
26.1%
--------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 077264109 13D Page 7 of 12
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Emmanuel Roman
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS **
OO
--------------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
France
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NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,000,000 shares of Common Stock
Warrants to purchase 7,000,000 shares of Common Stock
--------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
26.1%
--------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 077264109 13D Page 8 of 12
Item 1. Security and Issuer.
This statement relates to the Common Stock, par value $.001 per share of Bekem
Metals, Inc., a Utah corporation (the "Company"). The Company's principal
executive offices are located at 170 Tchaikovsky Street, 4th Floor, Almaty,
Kazakhstan.
Item 2. Identity and Background.
(a) This statement is filed by:
(i) GLG Emerging Markets Fund;
(ii) GLG Partners LP;
(iii) GLG Partners Limited;
(iv) Noam Gottesman;
(v) Pierre Lagrange; and
(vi) Emmanuel Roman.
The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons." Any disclosures herein
with respect to persons other than the Reporting Persons are made
on information and belief after making inquiry to the appropriate
party.
(b) The address of the principal business and principal office of the
Reporting Persons is 1 Curzon Street, London W1J 5HB, England.
(c) The principal business of the Reporting Persons is the management of
investment funds and activities related thereto.
(d) None of the Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) None of the Reporting Persons has, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of such proceeding, was, or is
subject to, a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
U.S. Federal or State securities laws or finding any violation with
respect to such laws.
(f) GLG Emerging Markets Fund is a Cayman Islands company. GLG
Partners LP is a limited partnership formed under the laws of England
and Wales. GLG Partners Limited is a limited company formed under the
laws of England and Wales. Noam Gottesman is a citizen of the United
States. Pierre Lagrange is a citizen of Belgium. Emmanuel Roman is a
citizen of France.
Item 3. Source and Amount of Funds and Other Consideration.
The Common Stock reported herein was acquired with working capital at an
aggregate cost (including commissions, if any) of approximately $24,360,000.
The Warrants to purchase Common Stock reported herein were acquired with working
capital at an aggregate cost (including commissions, if any) of approximately
$140,000.
CUSIP No. 077264109 13D Page 9 of 12
Item 4. Purpose of the Transaction.
The purpose of the acquisition of the reported securities was for
investment, and such acquisition was made in the ordinary course of business and
was not made for the purpose of acquiring control of the Company. Although the
acquisition of the reported securities was for investment purposes, the
Reporting Persons may pursue discussions with management in an effort to
maximize long-term value for shareholders. Each of the Reporting Persons may
make further purchases of securities of the Company from time to time and may
dispose of any or all of the securities of the Company held by him or it at any
time. None of the Reporting Persons has any plans or proposals which relate to,
or could result in, any of the matters referred to in paragraphs (b) through
(j), inclusive, of Item 4 of the Schedule 13D. Each of the Reporting Persons
may, at any time and from time to time, review or reconsider his or its position
and formulate plans or proposals with respect thereto, but has no present
intention of doing so.
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, each of the reporting persons may be deemed
to beneficially own 28,000,000 shares of Common Stock by virtue of
(i) 21,000,000 shares of Common Stock held by GLG Emerging Markets Fund and (ii)
Warrants to purchase 7,000,000 shares of Common Stock held by GLG Emerging
Markets Fund. The Company's annual report on Form 10-QSB that was filed on May
19, 2006, indicates there were 100,088,888 shares of Common Stock outstanding as
of May 15, 2006. Therefore, the Reporting Persons may be deemed to beneficially
own 26.1% of the outstanding shares of Common Stock of the Company.
(b) As of the date hereof, each of the Reporting Persons may be deemed
to have the sole power to vote or direct the vote of none of the securities
referred to in paragraph (a). As of the date hereof, each of the Reporting
Persons may be deemed to have the shared power to vote or direct the vote of all
of the voting securities referred to in paragraph (a). As of the date hereof,
each of the Reporting Persons may be deemed to have the sole power to dispose or
direct the disposition of none of the securities referred to in paragraph (a).
As of the date hereof, each of the Reporting Persons may be deemed to have the
shared power to dispose or direct the disposition of all of the securities
referred to in paragraph (a).
(c) The June 30, 2006 purchase by GLG Emerging Markets Fund of (i)
21,000,000 shares of Common Stock (at $1.16 per share) and (ii) Warrants to
purchase 7,000,000 shares of Common Stock (at $0.02 per Warrant) is the only
transaction entered into with respect to the Common Stock within the past sixty
days by the Reporting Persons. The Common Stock and Warrants were acquired
together by the Reporting Persons in a private placement transaction.
(d) not applicable.
(e) not applicable.
CUSIP No. 077264109 13D Page 10 of 12
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
Other than the Joint Acquisition Statement attached as Exhibit 1 hereto,
there are no contracts, arrangements, understandings or relationships (legal or
otherwise) among the persons named in Item 2 hereof and between such persons and
any person (other than the Company) with respect to any securities of the
Company.
Item 7. Materials to be Filed as Exhibits.
There is filed herewith as Exhibit 1 a written agreement relating to the
filing of joint acquisition statements as required by Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934, as amended.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: July 10, 2006
GLG EMERGING MARKETS FUND
By: GLG Partners LP, GLG PARTNERS LP
as its Investment Manager By: GLG Partners Limited,
By: GLG Partners Limited, as its General Partner
as its General Partner
/s/ Noam Gottesman /s/ Noam Gottesman
------------------------------- ------------------------------
Name: Noam Gottesman Name: Noam Gottesman
Title: Managing Director Title: Managing Director
/s/ Victoria Parry /s/ Victoria Parry
------------------------------- ------------------------------
Name: Victoria Parry Name: Victoria Parry
Title: Senior Legal Counsel Title: Senior Legal Counsel
GLG PARTNERS LIMITED NOAM GOTTESMAN
/s/ Noam Gottesman /s/ Noam Gottesman
------------------------------- ------------------------------
Name: Noam Gottesman
Title: Managing Director
/s/ Victoria Parry
-------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel
CUSIP No. 077264109 13D Page 11 of 12
PIERRE LAGRANGE
/s/ Pierre Lagrange
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EMMANUEL ROMAN
/s/ Emmanuel Roman
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CUSIP No. 077264109 13D Page 12 of 12
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13D-1(k)1
The undersigned acknowledge and agree that the foregoing statement on Schedule
13D is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13D shall be filed on behalf of each of
the undersigned without the necessity of filing additional joint acquisition
statements. The undersigned acknowledge that each shall be responsible for the
timely filing of such amendments and for the completeness and accuracy of the
information concerning him or it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that he or it knows or has reason to believe that such
information is inaccurate.
Dated: July 10, 2006
GLG EMERGING MARKETS FUND
By: GLG Partners LP, GLG PARTNERS LP
as its Investment Manager By: GLG Partners Limited,
By: GLG Partners Limited, as its General Partner
as its General Partner
/s/ Noam Gottesman /s/ Noam Gottesman
------------------------------- ------------------------------
Name: Noam Gottesman Name: Noam Gottesman
Title: Managing Director Title: Managing Director
/s/ Victoria Parry /s/ Victoria Parry
------------------------------- ------------------------------
Name: Victoria Parry Name: Victoria Parry
Title: Senior Legal Counsel Title: Senior Legal Counsel
GLG PARTNERS LIMITED NOAM GOTTESMAN
/s/ Noam Gottesman /s/ Noam Gottesman
------------------------------- ------------------------------
Name: Noam Gottesman
Title: Managing Director
/s/ Victoria Parry
-------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel
PIERRE LAGRANGE
/s/ Pierre Lagrange
-------------------------------
EMMANUEL ROMAN
/s/ Emmanuel Roman
-------------------------------