Filing Details

SCHEDULE 13D

CUSIP NO. 887133205

1	NAMES OF REPORTING PERSONS
	S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
	Giulio Bonifacio
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*			(a)	☐
				(b)	☐
3	SEC USE ONLY
4	SOURCE OF FUNDS*
	PF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)				☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	Canada
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			2,500,000
		8	SHARED VOTING POWER
			0
		9	SOLE DISPOSITIVE POWER
			2,500,000
		10	SHARED DISPOSITIVE POWER
			0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,500,000 shares of common stock
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES				☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	7.17%
14	TYPE OF REPORTING PERSON*
	IN

 

 

 

Item 1.  Security and Issuer.

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Shares of Common Stock, par value $0.001

Timberline Resources Corporation

101 E. Lakeside, Coeur d'Alene, Idaho 83814

Item 2.  Identity and Background.

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(a)	Name: Giulio Bonifacio ("Bonifacio")

(b)	Business address:   Suite 1238, 200 Granville Street, Vancouver, BC V6C 1S4

(c)	Present occupation:   President and Chief Executive Officer of Nevada Copper Corp.  Mr. Bonifacio is also a director of the Issuer.

(d)	Criminal proceedings and convictions: There were no criminal proceedings during the last five years referred to in Item 2(d), in which the Reporting Person was convicted.

(e)	Civil proceedings and judgment, decree or order: There were no civil proceedings during the last five years referred to in Item 2(e), in which the Reporting Person was a party and was or is subject to a judgment, decree or final order.

(f)	Citizenship:  Canada

Item 3.  Source and Amount of Funds or Other Consideration.

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PF	The purchase price of $165,000 for the 1,100,000 units of the Issuer purchased by Mr. Bonifacio was paid to the Issuer in cash from his own personal funds.

Item 4.  Purpose of Transaction.

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Mr. Bonifacio acquired units of the Issuer on June 30, 2016, which included 1,100,000 shares of common stock and 1,100,000 warrants to acquire one share of common stock with an exercise price of $0.25 and an expiration date of May 31, 2019. Mr. Bonifacio acquired the units for his own personal investment purposes and not with a view to exercise control over the Issuer, either individually or jointly with any other person.

The issuer granted a vested option to purchase 600,000 shares of common stock to Mr. Bonifacio on July 6, 2016 pursuant to his appointment as a director of the Issuer. The Option has an exercise price of $0.40 per share and an expiration date of July 6, 2021.

Item 5.  Interest in Securities of the Issuer.

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(a) – (b) Mr. Bonifacio holds 800,000 shares of common stock of the Issuer (as 300,000 shares of common stock were sold in May of 2017), an option to purchase 600,000 shares of common stock at an exercise price of $0.40 per share and an expiration date of July 6, 2021 and 1,100,000 warrants to acquire one share of common stock with an exercise price of $0.25 and an expiration date of May 31, 2019.

Based on information provided by the Issuer, as of August 18, 2017 there were 33,146,952 shares of common stock outstanding and Mr. Bonifacio beneficial owned 7.17% of the issued and outstanding shares.

Mr. Bonifacio has sole voting power and sole dispositive power in respect of the entirety of the number of shares indicated in Item 5, above.  There are no other persons known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.

(c) Except as set forth herein, Mr. Bonifacio has not engaged in any transactions in the shares of common stock during the past sixty days

(d) Not applicable

(e) Not applicable

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Except as set forth in this Item 6 of this Schedule 13D, Mr. Bonifacio does not have any contract, arrangement, understanding or relationship (legal or otherwise) with any person with respect to any securities of the Issuer, including, but not limited to, any contract, arrangement, understanding or relationship.

The information set forth in Items 4 and 5 of this Schedule 13D are incorporated herein by reference.

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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.

                 /s/ Giulio Bonifacio                               

                 Giulio Bonifacio