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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
METALLINE MINING CO.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
591257100
-------------------------------------------------------
(CUSIP Number)
December 31, 2002
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] 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).
(Continued on following page(s))
Page 1 of 7 Pages
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CUSIP No. 591257100
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========== =====================================================================
1 NAME OF REPORTING PERSON
David W. Tice & Associates, LLC - 75-2476962
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
Not Applicable
---------- ---------------------------------------------------------------------
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 -0-
--- ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 913,887
--- ------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
----------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
913,887(1)
----------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions) [ ]
Not Applicable
----------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.7%(1)
----------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IA
================================================================================
(1) Includes 147,220 shares of Common Stock issuable upon the exercise of
immediately exercisable warrants (with the percent ownership calculated
based upon an aggregate of 10,368,340 shares outstanding as of
January 11, 2003, and assuming the exercise of the warrants to purchase
147,220 shares by the reporting person).
Page 2 of 7 Pages
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CUSIP No. 591257100
-----------------------------------------------------
========== =====================================================================
1 NAME OF REPORTING PERSON
Prudent Bear Funds, Inc. - 39-1837741
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
Not Applicable
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
--------------- --- ------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 913,887
--- ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
--- ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
--- ------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
----------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
913,887(1)
----------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (See Instructions) [ ]
Not Applicable
----------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.7%(1)
----------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IV
================================================================================
(1) Includes 147,220 shares of Common Stock issuable upon the exercise of
immediately exercisable warrants (with the percent ownership calculated
based upon an aggregate of 10,368,340 shares outstanding as of
January 11, 2003, and assuming the exercise of the warrants to purchase
147,220 shares by the reporting person).
Page 3 of 7 Pages
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CUSIP No. 591257100
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This Amendment No. 1 to the undersigned's Schedule 13G, which was
originally filed on February 8, 2002 (the "Schedule 13G") with regard to
Metalline Mining Co. (the "Issuer") is being filed to amend Items 2 and 4 of the
Schedule 13G. Except as expressly stated herein, there have been no material
changes in the information set forth in the Schedule 13G.
Item 2(a). Name of Person Filing:
---------- ---------------------
The persons filing this Schedule 13G are (i) David W. Tice &
Associates, LLC, an investment adviser registered under
Section 203 of the Investment Advisers Act of 1940 and (ii)
Prudent Bear Funds, Inc., an investment company registered
under the Investment Company Act of 1940. Attached as
Exhibit 1 hereto, which is incorporated by reference herein,
is an agreement between David W. Tice & Associates, LLC and
Prudent Bear Funds, Inc. that this Schedule 13G is filed on
behalf of each of them.
Item 2(b). Address of Principal Business Office or, if none, Residence:
---------- -----------------------------------------------------------
8140 Walnut Hill Lane, Suite 300
Dallas, Texas 75231
(for both David W. Tice & Associates, LLC and Prudent Bear
Funds, Inc.)
Item 2(c). Citizenship:
---------- -----------
David W. Tice & Associates, LLC is a Delaware limited
liability company.
Prudent Bear Funds, Inc. is a Maryland corporation.
Item 2(d). Title of Class of Securities:
---------- ----------------------------
Common Stock
Item 2(e). CUSIP Number:
---------- ------------
591257100
Page 4 of 7 Pages
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CUSIP No. 591257100
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Item 4. Ownership
------- ---------
David W. Tice & Associates, LLC
-------------------------------
(a) Amount Beneficially Owned: 913,887*
(b) Percent of Class: 8.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the
disposition of: 913,887
(iv) shared power to dispose or to direct the
disposition of: -0-
Prudent Bear Funds, Inc.
------------------------
(a) Amount Beneficially Owned: 913,887*
(b) Percent of Class: 8.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
913,887
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the
disposition of: -0-
(iv) shared power to dispose or to direct the
disposition of: -0-
-------------------------
* David W. Tice & Associates, LLC and Prudent Bear Funds, Inc. share
beneficial ownership over the same 913,887 shares.
Page 5 of 7 Pages
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CUSIP No. 591257100
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Item 10. Certification.
-------- --------------
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and 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.
Exhibits.
--------
1. Agreement to file Schedule 13G jointly.
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.
Date: February 10, 2003
DAVID W. TICE & ASSOCIATES, LLC
By: /s/ David W. Tice
---------------------------------------
David W. Tice, President
PRUDENT BEAR FUNDS, INC.
By: /s/ David W. Tice
---------------------------------------
David W. Tice, President
Page 6 of 7 Pages
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CUSIP No. 591257100
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EXHIBIT 1
---------
AGREEMENT dated as of February 10, 2003, by and among David W. Tice &
Associates, LLC, a Delaware limited liability company, and Prudent Bear Funds,
Inc., a Maryland corporation.
WHEREAS, in accordance with Rule 13d-1(k) of the Securities Exchange Act of
1934 (the "Act"), only one such statement need be filed whenever two or more
persons are required to file a statement pursuant to Section 13(d) of the Act
with respect to the same securities, provided that said persons agree in writing
that such statement is filed on behalf of each of them.
NOW, THEREFORE, in consideration of the premises and mutual agreements
herein contained, the parties hereto agree as follows:
Both David W. Tice & Associates, LLC and Prudent Bear Funds, Inc. hereby
agree, in accordance with Rule 13d-1(k) under the Act, to file one Statement on
Schedule 13G relating to their ownership of the Common Stock of Metalline Mining
Co., and hereby further agree that said Statement shall be filed on behalf of
both David W. Tice & Associates, LLC and Prudent Bear Funds, Inc. Nothing herein
shall be deemed to be an admission that the parties hereto, or any of them, are
members of a "group" (within the meaning of Section 13(d) of the Act and the
rules promulgated thereunder) with respect to any securities of Metalline Mining
Co.
IN WITNESS WHEREOF, the parties have executed this agreement as of the date
first written above.
DAVID W. TICE & ASSOCIATES, LLC
By: /s/ David W. Tice
------------------------------------
David W. Tice, President
PRUDENT BEAR FUNDS, INC.
By: /s/ David W. Tice
------------------------------------
David W. Tice, President
Page 7 of 7 Pages