LIGHTBRIDGE Corp — Major Shareholding Notification 2006

Nov 6, 2006

SC 13G/A 1 v056427_sc-13ga.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1 and 13d-2

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

| Thorium

Power, Ltd.
(Name
of Issuer)

| Common

Stock, par value $0.001 per share
(Title
of Class of Securities)

885183103
(CUSIP
Number)

| October 6,

2006
Date
of Event Which Requires Filing of the
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).

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Cusip No. 885183103 13G Page 2 of 7 Pages

| 1. | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Thunder Investors, L.L.C. | | | --- | --- | --- | | 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | | | 3. | SEC USE ONLY | | | 4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware limited liability company | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | | | 6. | SHARED VOTING POWER 22,626,263 shares of common stock | | | 7. | SOLE DISPOSITIVE POWER 0 | | | 8. | SHARED DISPOSITIVE POWER 22,626,263 shares of common stock | | 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,626,263 shares of common stock | | | 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | | | 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.6% based upon 296,114,497 outstanding shares of the Issuer’s common stock as set forth in the Issuer’s registration statement on Form SB-2/A filed on October 4, 2006. | | | 12. | TYPE OF REPORTING PERSON OO | |

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Cusip No. 885183103 13G Page 3 of 7 Pages

| 1. | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Thomas Dykstra | | | --- | --- | --- | | 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | | | 3. | SEC USE ONLY | | | 4. | CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 0 | | | 6. | SHARED VOTING POWER 22,626,263 shares of common stock | | | 7. | SOLE DISPOSITIVE POWER 0 | | | 8. | SHARED DISPOSITIVE POWER 22,626,263 shares of common stock | | 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,626,263 shares of common stock | | | 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | | | 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.6% based upon 296,114,497 outstanding shares of the Issuer’s common stock as set forth in the Issuer’s registration statement on Form SB-2/A filed on October 4, 2006. | | | 12. | TYPE OF REPORTING PERSON IN | |

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Cusip No. 885183103 13G Page 4 of 7 Pages

| Item 1(a) | Name of Issuer: THORIUM POWER, LTD. | | --- | --- | | Item 1(b) | Address of Issuer’s Principal Executive Offices: |

8300 Greensboro Drive

Suite 800

McLean, VA 22102

| Item 2(a) | Name of Person Filing | | --- | --- | | Item 2(b) | Address of Principal Business Office | | Item 2(c) | Citizenship |

| Thunder

Investors, L.L.C.
10
South Wacker Drive
Suite
1860
Chicago,
Illinois 60606
Delaware
limited liability company
Thomas
Dykstra
10
South Wacker Drive
Suite
1860
Chicago,
Illinois 60606
U.S.
Citizen

2(d) Title of Class of Securities:

Common Stock, par value $0.001 per share

2(e) CUSIP Number: 885183103

Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

| (a) | [] | Broker or dealer registered under Section 15 of the Exchange Act; | | --- | --- | --- | | (b) | [] | Bank as defined in Section 3(a)(6) of the Exchange Act; | | (c) | [] | Insurance company as defined in Section 3(a)(19) of the Exchange Act; | | (d) | [] | Investment company registered under Section 8 of the Investment Company Act; | | (e) | [__] | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |

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Cusip No. 885183103 13G Page 5 of 7 Pages

| (f) | [] | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | | --- | --- | --- | | (g) | [] | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | | (h) | [] | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | | (i) | [] | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | | (j) | [__] | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |

Item 4 Ownership:

THUNDER INVESTORS, L.L.C.

THOMAS DYKSTRA

| (a) | Amount beneficially owned: | | --- | --- | | | 22,626,263 shares of common stock. | | (b) | Percent of Class: | | | Approximately 7.6% based upon 296,114,497 outstanding shares of the Issuer’s common stock as set forth in the Issuer’s registration statement on Form SB-2/A filed on October 4, 2006. | | (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: | | | 22,626,263 shares of common stock | | (iii) | sole power to dispose or to direct the disposition of: | | | 0 | | (iv) | shared power to dispose or to direct the disposition of: | | | 22,626,263 shares of common stock |

Item 5 Ownership of Five Percent or Less of a Class:

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Cusip No. 885183103 13G Page 6 of 7 Pages

| | Not Applicable. | | --- | --- | | 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 on 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 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.

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Cusip No. 885183103 13G Page 7 of 7 Pages

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated this 6th day of November, 2006

| THUNDER

INVESTORS, L.L.C.
By: /s/
Thomas Dykstra
Name:
Thomas Dykstra
Its:
President and Treasurer
By: /s/
Thomas Dykstra
Thomas
Dykstra

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