Edgar Filing: Frazier James

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Forza Capital Management, L.L.C.

2. Issuer Name and Ticker or Trading Symbol
LITTLE SQUAW GOLD MINING CO [LITS]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

2754 NW CROSSING DRIVE,Â SUITE 205

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006

(Street)

BEND,Â ORÂ 97701

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(check applicable line)
___ Form Filed by One Reporting Person
_X_ Form Filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/04/2006	Â	P4	20,000 ⁽¹⁾	A	$ 1.47	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/05/2006	Â	P4	12,000 ⁽¹⁾	A	$ 1.48	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/06/2006	Â	P4	9,500 ⁽¹⁾	A	$ 1.46	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/07/2006	Â	P4	500 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/07/2006	Â	P4	5,000 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/08/2006	Â	P4	4,000 ⁽¹⁾	A	$ 1.43	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/08/2006	Â	P4	17,000 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/08/2006	Â	P4	12,000 ⁽¹⁾	A	$ 1.47	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/11/2006	Â	P4	30,000 ⁽¹⁾	A	$ 1.46	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/11/2006	Â	P4	7,100 ⁽¹⁾	A	$ 1.46	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/12/2006	Â	P4	7,600 ⁽¹⁾	A	$ 1.45	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/13/2006	Â	P4	6,000 ⁽¹⁾	A	$ 1.45	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/14/2006	Â	P4	13,500 ⁽¹⁾	A	$ 1.45	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/15/2006	Â	P4	3,500 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/18/2006	Â	P4	17,700 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/19/2006	Â	P4	6,500 ⁽¹⁾	A	$ 1.45	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/20/2006	Â	P4	10,200 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/21/2006	Â	P4	10,400 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/22/2006	Â	P4	7,650 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/26/2006	Â	P4	21,200 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/27/2006	Â	P4	5,000 ⁽¹⁾	A	$ 1.44	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/27/2006	Â	P4	25,000 ⁽¹⁾	A	$ 1.43	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	12/28/2006	Â	P4	6,412 ⁽¹⁾	A	$ 1.4	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾
Common Stock	09/29/2006	Â	P4	1,100 ⁽¹⁾	A	$ 1.59	4,815,510 ⁽¹⁾	I	See Footnote ⁽²⁾ ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Forza Capital Management, L.L.C. 2754 NW CROSSING DRIVE SUITE 205 BEND,Â ORÂ 97701	Â	Â X	Â	Â
Forza Partners, L.P. 2754 NW CROSSING DRIVE SUITE 205 BEND,Â ORÂ 97701	Â	Â X	Â	Â
Atkinson David 2754 NW CROSSING DRIVE SUITE 205 BEND,Â ORÂ 97701	Â	Â X	Â	Â
Frazier James 2754 NW CROSSING DRIVE SUITE 205 BEND,Â ORÂ 97701	Â	Â X	Â	Â

Signatures

/s/ David Atkinson, member, Forza Capital Management, L.L.C.		01/03/2007
^**Signature of Reporting Person		Date
/s/ David Atkinson, member, Forza Capital Management, L.L.C., general partner of Forza Partners, L.P.		01/03/2007
^**Signature of Reporting Person		Date
/s/ David Atkinson		01/03/2007
^**Signature of Reporting Person		Date
/s/ James Frazier		01/03/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The filing of this Form 5 shall not be construed as an admission that Forza Capital Management, L.L.C. ("Forza Capital"), Forza Partners, L.P. ("Forza Partners"), David Atkinson, or James Frazier (together with Forza Capital, Forza Partners and Mr. Atkinson, the "Reporting Persons") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any of shares of common stock of Little Squaw Gold Mining Company (the "Issuer") ("Common Stock") held by the Forza Partners. Pursuant to Rule 16a-1, Forza Capital, Forza Partners, David Atkinson and James Frazier disclaim such beneficial ownership.
(2)	Forza Capital holds shares of Common Stock and Class B Warrants indirectly through the accounts of Forza Partners, of which Forza Capital is the general partner. Forza Capital receives an allocation of net profits and an asset-based fee from, and owns a partnership interest in, Forza Partners. Messrs. Atkinson and James report the shares of Common Stock held indirectly by Forza Capital because, as the managing members of Forza Capital at the time of purchase, they controlled the disposition and voting of the securities.
(3)	Forza Partners holds 4,815,510 shares of Common Stock. All restricted Common Stock held by Forza Partners, which were previously reported on the Reporting Persons Form 3 with respect to the Issuer filed with the Securities and Exchange Commission (the "SEC") on January 3, 2007 and which are reported on this Form 5, have become effective as of August 24, 2006 pursuant to the Issuer's Form SB-2 filed on August 24, 2006 with the SEC.
Â Remarks: ThisÂ FormÂ 5Â isÂ beingÂ filedÂ inÂ conjunctionÂ withÂ multipleÂ FormÂ 5sÂ beingÂ filedÂ byÂ theÂ ReportingÂ PersonsÂ onÂ JanuaryÂ 3,Â 2007Â withÂ respect toÂ securitiesÂ ofÂ theÂ Issuer.Â Â TheÂ ReportingÂ PersonsÂ areÂ usingÂ multipleÂ FormÂ 5sÂ becauseÂ theÂ EDGARÂ filingÂ systemÂ acceptsÂ aÂ maximumÂ of thirtyÂ transactionsÂ perÂ FormÂ 5,Â andÂ theÂ ReportingÂ PersonsÂ areÂ reportingÂ moreÂ thanÂ thirtyÂ transactions.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.