UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934 (Amendment No. )*
ELDORADO GOLD CORPORATION
COMMON SHARES
(Title of Class of Securities)
284902103
(CUSIP Number)
October 20, 2003
(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)*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).
Page 1 of 5 pages
| CUSIP No. | 284902103 | |||||
| 1. Names of Reporting Persons. | ||||||
| I.R.S. Identification Nos. of above persons (entities only). | ||||||
| Dynamic Mutual Funds Ltd., 55th Floor, Scotia Plaza, 40 King Street West, Toronto, | ||||||
| Ontario, Canada M5H 4A9 | ||||||
| 2. Check the Appropriate Box if a Member of a Group (See Instructions) | ||||||
| (a) | N/A | |||||
| (b) | ||||||
| 3. SEC Use Only | ||||||
| 4. Citizenship or Place of Organization: | Toronto, Ontario, Canada | |||||
| Number of | 5. Sole Voting Power | 12,160,709 | ||||
| Shares | ||||||
| Beneficially | 6. Shared Voting Power | Nil | ||||
| Owned by | ||||||
| Each | 7. Sole Dispositive Power | 12,160,709 | ||||
| Reporting | ||||||
| Person With | 8. Shared Dispositive Power | Nil | ||||
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 12,160,709 Common | ||||||
| Shares are held within mutual funds managed by Dynamic Mutual Funds Ltd. Acting as | ||||||
| Investment Counsel and Portfolio Manager. | ||||||
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A | ||||||
| 11. Percent of Class Represented by Amount in Row (9) | 5.10% | |||||
| 12. Type of Reporting Person (See Instructions) | IA | |||||
Page 2 of 5 pages
Item 1. (a) Name of Issuer Eldorado Gold Corporation
Item 1. (b) Address of Issuer's Principal Executive Offices 920 - 1055 West Hastings Street, Vancouver, BC, V6E 2E9
Item 2. (a) Name of Person Filing Dynamic Mutual Funds Ltd.
Item 2. (b) Address of Principal Business Office or, if none, Residence 55th Floor, Scotia Plaza, 40 King Street West, Toronto, Ontario, Canada M5H 4A9
Item 2. (c) Citizenship Canadian
Item 2. (d) Title of Class of Securities Common Shares
Item 2. (e) CUSIP Number 284902103
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 (15 U.S.C. 78o). |
| (b) | [ | ] | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | [ | ] | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | [ | ] | Investment company registered under section 8 of the Investment Company Act of 1940 |
| (15 U.S.C 80a-8). | |||
| (e) | [ | ] | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
| (f) | [ | ] | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
| (g) | [ | ] | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
| (h) | [ | ] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 |
| U.S.C. 1813); | |||
| (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 (15 U.S.C. 80a-3); | |||
| (j) | [ | ] | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
CANADIAN INVESTMENT COUNSEL FIRM
Page 3 of 5 pages
Item 4. Ownership.
(a) Amount beneficially owned:
12,160,709 Common Shares(b) Percent of class: 5.10%
(c) Number of shares as to
which the person has:
(i) Sole power to vote or to
direct the vote 12,160,709
Common Shares
(ii) Shared power to vote
or to direct the vote Nil
(iii) Sole power to dispose or to
direct the disposition of
12,160,709 Common Shares
(iv) Shared power to dispose or to
direct the disposition of Nil
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
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.
Page 4 of 5 pages
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.
|
October 21, 2003
|
| Date |
|
"Rohit Sehgal"
|
| Signature |
| Rohit Sehgal, Vice-President, Counselling and Chief |
|
Investment Strategist
|
| Name/Title |
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Page 5 of 5 pages