FORM 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting
Person*

 Stone Canyon Resources Ltd.

(Last) (First) (Middle)

2.Date of Event
Requiring Statement
(Month/Day/Year)

 March 1, 2000

4. Issuer Name and Ticker or Trading Symbol

Fact Corporation

Trading Symbol: FCTTA

1530-9th Ave S.E.

(Street)

Calgary, Alberta, Canada T2G 0T7

(City) (State) (Zip)

3. I.R.S.
Identification
Number of
Reporting Person,
if an entity
(voluntary)

5. Relationship of Reporting
Person(s) to Issuer
(Check all applicable)

__Director X 10% Owner

__Officer __ Other

(give title below) (specify below)

6. If Amendment,
Date of Original
(Month/Day/Year)

7. Individual or
Joint/Group Filing
(Check Applicable
Line)

X Form filed by One
Reporting Person

__Form filed by More than One Reporting Person

Table 1 - Non-Derivative Securities Beneficially Owned

1. Title of Security
(Instr.4)

2. Amount of Securities
Beneficially Owned
(Instr.4)

3. Ownership Form: Direct
(D) or Indirect (I)
(Instr. 5)

4. Nature of Indirect
Beneficial
Ownership (Instr. 5)

 Class A Common

817,050

D

Table II -Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of
Derivative
Security
(Instr. 4)

2. Date Exercisable and
Expiration Date
(Month/Day/Year)

3. Title and Amount of
Securities Underlying
Derivative Security
(Instr. 4)

4. Conver-
sion or
Exercise
Price of
Derivative
Security

5.Ownership Form of
Derivative
Securities:
Direct (D) or
Indirect (I)
(Instr. 5)

6. Nature of
Indirect
Beneficial
Ownership
(Instr. 5)

Date
Exercisable

Expiration
Date

Title

Amount
or
Number
of
Shares

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Explanation of Responses: Stone Canyon Resources Ltd. is a private Alberta corporation that has more than 50 shareholders. The sole director and officer of Stone Canyon Resources Ltd. is Jacqueline Danforth who is a director and President of Fact Corporation. Stone Canyon Resources Ltd. holds the securities directly for its own benefit.  
 

s/s "Jacqueline Danforth, President - Stone Canyon Resources Ltd.
**Signature of Reporting Person

July 18, 2002
Date

* If the form is filed by more than one reporting person, see Instruction 5(b) (v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)

Note: File three copies of this Form, one of which must be manually signed. If space is Insufficient,
See Instruction 6 for procedure.