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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 7)
MK RESOURCES COMPANY
(formerly MK Gold Company)
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE 55305P 10 0
(Title of class of securities) (CUSIP number)
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NY 10153
(212) 310-8000
(Name, address and telephone number of person
authorized to receive notices and communications)
OCTOBER 13, 2004
(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.
(Continued on following pages)
(Page 1 of 5 pages)
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NY2:\1472863\02\VKGV02!.DOC\76830.0212
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CUSP No. 527288 5 10 4 13D
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1 NAME OF REPORTING PERSON: Leucadia National Corporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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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 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
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NUMBER OF 7 SOLE VOTING POWER: 27,212,735*
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: None
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 27,212,735*
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 27,212,735*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
See Item 5.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 72.5%*
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14 TYPE OF REPORTING PERSON: CO
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* Does not include shares issuable upon conversion of the Company's
outstanding debt to Leucadia under the credit agreement between the
parties. See Item 4.
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Item 1. Security and Issuer.
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This Statement constitutes Amendment No. 7 to the Statement on
Schedule 13D, as previously amended (the "Schedule 13D"), filed with the
Securities and Exchange Commission, by Leucadia National Corporation
("Leucadia") with respect to the shares of common stock, par value $0.01 per
share (the "Common Stock"), of MK Resources Company (formerly MK Gold Company)
(the "Company"). Unless otherwise indicated, all capitalized terms used herein
shall have the meaning ascribed to them in the Schedule 13D.
Item 4. Purpose of the Transaction.
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On October 13, 2004, Leucadia and the Company entered into
Amendment No. 11 ("Amendment No. 11") to the credit agreement between the
parties (as amended, the "Credit Agreement"). Amendment No. 11 amended the
Credit Agreement to, among other things, increase the amount available for
borrowing thereunder from $55 million to $75 million, increase the interest rate
from the prime rate to the prime rate plus 3.0% and include a conversion feature
which (1) provides for the automatic conversion of all outstanding loans under
the Credit Agreement into shares of Common Stock in the event the public
offering by the Company of its Common Stock as contemplated by Amendment No. 11
is consummated or (2) permits Leucadia to convert from time to time all or a
portion of the outstanding loans under the Credit Agreement into shares of
Common Stock if the public offering is withdrawn.
The full text of Amendment No. 11 has been filed as Exhibit 10.1
to the Company's Current Report on Form 8-K dated October 13, 2004 and is
incorporated herein by reference.
Except as discussed above, Leucadia has no present plans or
intentions that would result in or relate to any of the transactions described
in subparagraphs (a) through (j) of Item 4 of Schedule 13D
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Item 5. Interest in Securities of the Issuer.
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(a) As of the date of this Amendment No. 7, Leucadia owns
27,212,735 shares of Common Stock, representing approximately 72.5% of the
outstanding Common Stock of the Company. The foregoing does not include shares
issuable upon conversion of outstanding amounts under the Credit Agreement. The
information set forth in Item 4 of this Schedule 13D is incorporated herein by
reference.
(b) As of the date of this Amendment No. 7, Leucadia has sole
dispositive powers with respect to 27,212,735 shares of Common Stock.
(c) Not applicable
(d) Not applicable
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships
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with Respect to the Securities of the Issuer.
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The information set forth in Item 4 of this Schedule 13D is
incorporated herein by reference.
Item 7. Material to be Filed as Exhibits.
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1. Amendment No. 11 to the Credit Agreement, dated as of October
13, 2004, by and between MK Resources Company, as borrower, and Leucadia
National Corporation, as lender (filed as Exhibit 10.1 to MK Resources Company's
Current Report on Form 8-K dated October 13, 2004 and incorporated herein by
reference).
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SIGNATURE
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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.
Dated: October 14, 2004
LEUCADIA NATIONAL CORPORATION
By: /s/ Thomas E. Mara
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Name: Thomas E. Mara
Title: Executive Vice President
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