SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
Fronteer Development Group, Inc.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
35903Q106
(CUSIP Number)
December 31, 2005
(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)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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
disclosures provided in a prior cover page.
The information required on 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).
2
CUSIP No. 35903Q106
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Passport Master Fund, LP
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 1,722,932 (see Item 4)
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 1,722,932 (see Item 4)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,722,932
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.43%*
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------
* This percentage is based on the 50,304,000 Shares issued and outstanding,
which number is calculated by adding (i) 48,504,000 (the number of Shares
reported by Bloomberg LLP) and (ii) 1,800,000 (the number of Shares
issuable upon exercise of the warrants held by such Reporting Persons).
3
CUSIP No. 35903Q106
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Passport Master Fund II, LP
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 1,164,268 (see Item 4)
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 1,164,268 (see Item 4)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,164,268
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.31%*
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------
* This percentage is based on the 50,304,000 Shares issued and outstanding,
which number is calculated by adding (i) 48,504,000 (the number of Shares
reported by Bloomberg LLP) and (ii) 1,800,000 (the number of Shares
issuable upon exercise of the warrants held by such Reporting Persons).
4
CUSIP No. 35903Q106
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Passport Holdings, LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 2,887,200 (see Item 4)
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 2,887,200 (see Item 4)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,887,200
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.74% *
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
----------
* This percentage is based on the 50,304,000 Shares issued and outstanding,
which number is calculated by adding (i) 48,504,000 (the number of Shares
reported by Bloomberg LLP) and (ii) 1,800,000 (the number of Shares
issuable upon exercise of the warrants held by such Reporting Persons).
5
CUSIP No. 35903Q106
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Passport Management, LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 2,887,200 (see Item 4)
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 2,887,200 (see Item 4)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,887,200
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.74%*
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
----------
* This percentage is based on the 50,304,000 Shares issued and outstanding,
which number is calculated by adding (i) 48,504,000 (the number of Shares
reported by Bloomberg LLP) and (ii) 1,800,000 (the number of Shares
issuable upon exercise of the warrants held by such Reporting Persons).
6
CUSIP No. 35903Q106
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Passport Capital, LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 2,887,200 (see Item 4)
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 2,887,200 (see Item 4)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,887,200
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.74%*
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
----------
* This percentage is based on the 50,304,000 Shares issued and outstanding,
which number is calculated by adding (i) 48,504,000 (the number of Shares
reported by Bloomberg LLP) and (ii) 1,800,000 (the number of Shares
issuable upon exercise of the warrants held by such Reporting Persons).
7
CUSIP No. 35903Q106
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
John Burbank
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 2,887,200 (see Item 4)
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 2,887,200 (see Item 4)
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,887,200
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.74%*
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* This percentage is based on the 50,304,000 Shares issued and outstanding,
which number is calculated by adding (i) 48,504,000 (the number of Shares
reported by Bloomberg LLP) and (ii) 1,800,000 (the number of Shares
issuable upon exercise of the warrants held by such Reporting Persons).
8
Item 1(a). Name of Issuer:
Fronteer Development Group Inc. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
2000-1066 West Hastings St.
VANCOUVER, BC V6E 3X1
Item 2(a). Name of Persons Filing:
Passport Master Fund, LP ("Fund I");
Passport Master Fund II, LP ("Fund II");
Passport Management, LLC ("Passport Management");
Passport Holdings, LLC ("Passport Holdings")
Passport Capital, LLC ("Passport Capital"); and
John Burbank ("Burbank," together with Fund I, Fund II,
Passport Management, Passport Holdings and Passport Capital, the
"Reporting Persons").
Burbank is the sole managing member of Passport Capital; Passport
Capital is the sole managing member of Passport Holdings and
Passport Management. Passport Holdings is the General Partner Fund I
and Fund II. Passport Management is the investment manager to Fund I
and Fund II. As a result, each of Passport Management, Passport
Holdings, Passport Capital and Burbank may be considered to share
the power to vote or direct the vote of, and the power to dispose or
direct the disposition of, the Shares owned of record by Fund I and
Fund II. This statement on Schedule 13G shall not be construed as an
admission that any of the Reporting Persons (other than Fund I and
Fund II) is the beneficial owner of the securities covered by this
statement.
Item 2(b). Address of Principal Business Office:
For each Reporting Person:
PASSPORT CAPITAL, LLC
402 JACKSON STREET
SAN FRANCISCO, CA 94111
Item 2(c). Citizenship:
See row 4 of each Reporting Persons' respective cover page.
Item 2(d). Title of Class of Securities:
Common Shares of the Company (the "Common Shares")
Item 2(e). CUSIP Number:
35903Q106
Item 3. Not applicable.
9
Item 4. Ownership.
(a) Amount beneficially owned:
See Item 9 of each Reporting Persons' respective cover page.
(b) Percent of class:
See Item 11 of each Reporting Persons' respective cover page.
(c) Number of shares for which each Reporting Person has sole or
shared voting on disposition:
See Items 5-8 of each Reporting Persons' respective cover
page.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following |_|.
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 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 a 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.
10
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.
Dated: February 13, 2006
PASSPORT MASTER FUND, LP
By: PASSPORT HOLDINGS, LLC
as General Partner
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank
Managing Member
PASSPORT MASTER FUND II, LP
By: PASSPORT HOLDINGS, LLC
as General Partner
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank,
Managing Member
PASSPORT HOLDINGS, LLC
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank,
Managing Member
11
PASSPORT MANAGEMENT, LLC
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank,
Managing Member
PASSPORT CAPITAL, LLC
By: /s/ JOHN BURBANK
--------------------------------------
John Burbank,
Managing Member
/s/ JOHN BURBANK
-------------------------------------------
John Burbank
12
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them the statement on Schedule 13G to which this agreement is attached as an
exhibit.
The undersigned further agree that each party hereto is responsible for
the timely filing of such Schedule 13G and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein; provided, however, that no party is responsible for the completeness or
accuracy of the information concerning any other party making the filing, unless
such party knows or has reason to believe that such information is inaccurate.
IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement
on February 13, 2006.
PASSPORT MASTER FUND, LP
By: PASSPORT HOLDINGS, LLC
as General Partner
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank
Managing Member
PASSPORT MASTER FUND II, LP
By: PASSPORT HOLDINGS, LLC
as General Partner
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank,
Managing Member
13
PASSPORT HOLDINGS, LLC
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank,
Managing Member
PASSPORT MANAGEMENT, LLC
By: PASSPORT CAPITAL, LLC,
as Managing Member
By: /s/ JOHN BURBANK
--------------------------------
John Burbank,
Managing Member
PASSPORT CAPITAL, LLC
By: /s/ JOHN BURBANK
--------------------------------------
John Burbank,
Managing Member
/s/ JOHN BURBANK
-------------------------------------------
John Burbank