Filing Details

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

RAMACO RESOURCES, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

75134P 303

(CUSIP Number)

Bryan H. Lawrence

Yorktown Partners LLC

410 Park Avenue

19th Floor

New York, New York 10022

(212) 515-2112

Copies to:

Ann Marie Cowdrey

Thompson & Knight LLP

One Arts Plaza

1722 Routh Street, Suite 1500

Dallas, Texas 75201-2533

(214) 969-1700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 25, 2019

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 204.13d-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. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*	The remainder of the cover page shall be filled out for a reporting persons 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).

 

 

 

CUSIP No. 75134P 303

 

(1)		Names of Reporting Persons   YORKTOWN ENERGY PARTNERS IX, L.P.
(2)		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
(3)		SEC Use Only
(4)		Source of Funds (See Instructions)   OO
(5)		Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)   ☐
(6)		Citizenship or Place of Organization   Delaware

Number of Shares Beneficially Owned by Each Reporting Person With				(7)		Sole Voting Power   0
				(8)		Shared Voting Power   11,971,525
				(9)		Sole Dispositive Power   0
				(10)		Shared Dispositive Power   11,971,525

(11)		Aggregate Amount Beneficially Owned by Each Reporting Person   11,971,525
(12)		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)   ☐
(13)		Percent of Class Represented by Amount in Row (11)   29.3% (1)
(14)		Type of Reporting Person (see Instructions)   PN

 

(1)

Based on 40,839,977 shares of common stock, par value $0.01 per share (Common Stock) of Ramaco Resources, Inc. (the Company) issued and outstanding as of March 15, 2019, as set forth in the Issuers annual report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission (the SEC) on March 19, 2019.

CUSIP No. 75134P 303

 

(1)		Names of Reporting Persons   YORKTOWN IX COMPANY LP
(2)		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
(3)		SEC Use Only
(4)		Source of Funds (See Instructions)   OO
(5)		Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)   ☐
(6)		Citizenship or Place of Organization   Delaware

Number of Shares Beneficially Owned by Each Reporting Person With				(7)		Sole Voting Power   0
				(8)		Shared Voting Power   11,971,525
				(9)		Sole Dispositive Power   0
				(10)		Shared Dispositive Power   11,971,525

(11)		Aggregate Amount Beneficially Owned by Each Reporting Person   11,971,525 (1)
(12)		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)   ☐
(13)		Percent of Class Represented by Amount in Row (11)   29.3% (2)
(14)		Type of Reporting Person (see Instructions)   PN

 

(1)

These securities are directly held by Yorktown Energy Partners IX, L.P. (Yorktown IX). Yorktown IX Company LP is the sole general partner of Yorktown IX. As a result, Yorktown IX Company LP may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown IX. Yorktown IX Company LP disclaims beneficial ownership of the securities owned by Yorktown IX in excess of its pecuniary interests therein.

(2)	Based on 40,839,977 shares of Common Stock of the Company issued and outstanding as of March 15, 2019, as set forth in the Issuers annual report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 19, 2019.

CUSIP No. 75134P 303

 

(1)		Names of Reporting Persons   YORKTOWN IX ASSOCIATES LLC
(2)		Check the Appropriate Box if a Member of a Group (See Instructions) (a)  ☐        (b)  ☐
(3)		SEC Use Only
(4)		Source of Funds (See Instructions)   OO
(5)		Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)   ☐
(6)		Citizenship or Place of Organization   Delaware

Number of Shares Beneficially Owned by Each Reporting Person With				(7)		Sole Voting Power   11,971,525
				(8)		Shared Voting Power   0
				(9)		Sole Dispositive Power   11,971,525
				(10)		Shared Dispositive Power   0

(11)		Aggregate Amount Beneficially Owned by Each Reporting Person   11,971,525 (1)
(12)		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)   ☐
(13)		Percent of Class Represented by Amount in Row (11)   29.3% (2)
(14)		Type of Reporting Person (see Instructions)   OO

 

(1)

These securities are directly held by Yorktown IX. Yorktown IX Company LP is the sole general partner of Yorktown IX and Yorktown IX Associates LLC is the sole general partner of Yorktown IX Company LP. As a result, Yorktown IX Associates LLC may be deemed to have the power to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown IX. Yorktown IX Company LP and Yorktown IX Associates LLC disclaim beneficial ownership of the securities owned by Yorktown IX in excess of their pecuniary interests therein.

(2)	Based on 40,839,977 shares of Common Stock of the Company issued and outstanding as of March 15, 2019, as set forth in the Issuers annual report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 19, 2019.

This Amendment No. 2 amends the Schedule 13D with respect to the shares of common stock, par value $0.01 per share (Common Stock), of Ramaco Resources, Inc., a Delaware corporation (the Issuer), previously filed by Yorktown Energy Partners IX, L.P., a Delaware limited partnership (Yorktown IX), Yorktown IX Company LP, a Delaware limited partnership (Yorktown IX Co), and Yorktown IX Associates LLC, a Delaware limited liability company (Yorktown IX Associates and together with Yorktown IX and Yorktown IX Co, the Reporting Persons) with the SEC on February 21, 2017, as amended by Amendment No. 1 thereto filed with the SEC on October 22, 2018 (the Schedule 13D). Capitalized terms used herein without definition shall have the meanings given to such terms in the Schedule 13D.

 

Item 5.

Interest in Securities of the Issuer.

Subparagraphs a, b and c of Item 5 in the Schedule 13D are amended and restated in their entirety by the following:

(a) As of March 27, 2019, each of the Reporting Persons beneficially owns 11,971,525 shares of Common Stock of the Issuer, representing 29.3% of the issued and outstanding shares of Common Stock of the Issuer (based on 40,839,977 shares of Common Stock of the Company issued and outstanding as of March 15, 2019, as set forth in the Issuers annual report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 19, 2019). Each Reporting Person disclaims beneficial ownership of the reported Common Stock except to the extent of such Reporting Persons pecuniary interest therein, and this statement shall not be deemed an admission that such Reporting Person is the beneficial owner of the reported Common Stock for the purposes of Section 13(d) of the Exchange Act or any other purpose.

(b) As of March 27, 2019, Yorktown IX directly owns 11,971,525 shares of Common Stock of the Issuer. Yorktown IX Co is the sole general partner of Yorktown IX. Yorktown IX Associates is the sole general partner of Yorktown IX Co. Yorktown IX Associates has the sole power to cause Yorktown IX Co to cause Yorktown IX to vote or direct the vote or to dispose or direct the disposition of the shares owned by Yorktown IX.

(c) On March 25, 2019, Yorktown IX distributed in-kind, on a pro rata basis and for no additional consideration, in accordance with its limited partnership agreement, an aggregate of 1,000,000 shares of Common Stock of the Issuer, to its limited and general partners (the First Distribution). Upon the consummation of the First Distribution by Yorktown IX, Yorktown IX Co distributed in-kind, on a pro rata basis and for no additional consideration, in accordance with its limited partnership agreement, all 15,000 shares of Common Stock of the Issuer received in the First Distribution to its limited and general partners (the Subsequent Distribution). Upon the consummation of the Subsequent Distribution by Yorktown IX Co, Yorktown IX Associates distributed in-kind, on a pro rata basis and for no additional consideration, in accordance with its operating agreement, all 78 shares of Common Stock of the Issuer received in the Subsequent Distribution to its members.

SIGNATURES

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: March 27, 2019

YORKTOWN ENERGY PARTNERS IX, L.P.

 

By:		Yorktown IX Company LP,
		its general partner
		By:		Yorktown IX Associates LLC,
				its general partner
				By:		/s/ Bryan H. Lawrence
						Bryan H. Lawrence, Manager
YORKTOWN IX COMPANY LP
By:		Yorktown IX Associates LLC,
		its general partner

		By:		/s/ Bryan H. Lawrence
				Bryan H. Lawrence, Manager
YORKTOWN IX ASSOCIATES LLC
By:		/s/ Bryan H. Lawrence
		Bryan H. Lawrence, Manager