SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
URANIUM ENERGY CORP.
(Name of Issuer)
Common Stock -- par value $0.001
(Title of Class of Securities)
0001334933
(CUSIP Number)
Diane D. Dalmy, Esq.
8965 W. Cornell Place
Lakewood, Colorado 80227
303.985.9324
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 5, 2005
(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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d- 7(b) for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
__________________
1 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 be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 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).
SCHEDULE 13D
______________________ _____________________
CUSIP No. 0001334933 Page 2 of 5 Pages
______________________ _____________________
________________________________________________________________________________
1 NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Isaiah Capital Trust
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
Subscription Agreements
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Jersey, Channel Islands
________________________________________________________________________________
7 SOLE VOTING POWER
1,823,333 Shares of Common Stock
Equity Trust (Jersey) Limited as Trustee of
the Isaiah Capital Trust
NUMBER OF ____________________________________________________
SHARES 8 SHARED VOTING POWER
BENEFICIALLY Not Applicable
OWNED BY
EACH ____________________________________________________
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,823,333 Shares of Common Stock
Equity Trust (Jersey) Limited as Trustee of
the Isaiah Capital Trust
____________________________________________________
10 SHARED DISPOSITIVE POWER
Not Applicable
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,823,333 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)
15.02%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
TRUST
________________________________________________________________________________
This original Schedule 13D statement (the "Schedule") is filed on behalf of
Isaiah Capital Trust, a trust organized under the laws of the Jersey, Channel
Islands ("Isaiah Capital"), as the reporting persons hereunder, relative to the
acquisition by Isaiah Capital Trust of certain shares of common stock issued by
Uranium Energy Corp. Isaiah Capital Trust has not made any previous filings on
Schedule 13D relating to this acquisition or issuer.
ITEM 1. SECURITY AND ISSUER.
This Schedule relates to the voting common stock, $0.001 par value, of
Uranium Energy Corp., a Nevada corporation ("Uranium Energy"). Uranium Energy
maintains its principal executive offices at Austin Centre, 701 Brazos, Suite
500 PMB#, Austin, Texas 78701.
ITEM 2. IDENTITY AND BACKGROUND
This Schedule is being filed by Isaiah Capital Trust, a trust organized
under the laws of Jersey, Channel Islands. The business address of Isaiah
Capital Trust and Corin is 28-30 The Parade, St. Heller, Jersey, Channel Islands
JE4 8XY.
Pursuant to General Instruction C of Schedule 13D, Isaiah Capital Trust
(the "Instruction C Persons") and the information specified in items (a) through
(f) of Item 2 with respect to such Instruction C Persons, are as follows:
________________________________________________________________________________
Name Position with Business Address
Uranium Energy
________________________________________________________________________________
Isaiah Capital Trust Shareholder 28-30 The Parade
St. Heller
Jersey, Channel
Islands
JE4 8XY
________________________________________________________________________________
Isaiah Capital Trust, has the sole right to control the disposition of and
vote the Uranium Energy securities acquired.
During the last five (5) years, no Instruction C Person has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
nor has been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction or become subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
At the execution of three subscription agreements dated February 6, 2004,
July 27, 2004 and February 6, 2004, respectively, between Uranium Energy and
Isaiah Capital Trust (collectively, the "Subscription Agreements"), an aggregate
of 1,823,333 shares of restricted common stock of Uranium Energy were issued to
Isaiah Capital Trust. The consideration for the securities of Uranium Energy was
the payment of cash.
ITEM 4. PURPOSE OF TRANSACTION
The transaction described herein was undertaken for the purpose of engaging
in a private placement of the shares of common stock of Uranium Energy.
Uranium Energy subsequently filed a registration statement on Form SB-2,
which was declared effective by the Securities and Exchange Commission on
December 5, 2005.
Pursuant to the instructions for items (a) through (j) of Item 4, Isaiah
Capital Trust and Corin have plans as follows:
(a) As set forth in Item 3 of this Schedule, Isaiah Trust has acquired an
aggregate of 1,823,333 shares of restricted common stock of Uranium
Energy. Isaiah Capital Trust may consider the acquisition of
additional securities of Uranium Energy in the future but do not have
any current plans to do so.
(b) Isaiah Capital Trust does not have any present plans or proposals
to cause a merger or effect a liquidation or reorganization of Uranium
Energy or to enter into extraordinary corporate transactions.
(c) Isaiah Capital Trust does not have any present plans or proposals
to cause a sale or transfer of a material amount of assets of Uranium
Energy.
(d) Isaiah Capital Trust does not have any present plans or proposals
to cause a change in the present board of directors or in the
management of Uranium Energy, including any plans or proposals to
change the number or terms of directors or to fill any existing
vacancies on the board.
(e) Isaiah Capital Trust does not have any present plans or proposals
to cause a material change in the capitalization of Uranium Energy.
(f) Isaiah Capital Trust does not have any present plans or proposals
to make any other material change to the business or corporate
structure of Uranium Energy.
(g) Isaiah Capital Trust does not have any present plans or proposals
to change Uranium Energy's charter, bylaws or instruments
corresponding thereto or to take other actions that impede the
acquisition of control of Uranium Energy by any person.
(h) Isaiah Capital Trust does not have any present plans or proposals
to cause Uranium Energy's common stock from not being quoted on the
OTC Bulletin Board.
(i) Isaiah Capital Trust does not have any present plans or proposals
relating to a class of securities of Uranium Energy becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934.
(j) Isaiah Capital Trust does not have any present plans or proposals
to take any action similar to any of those enumerated in (a) through
(i) above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the close of business on December 5, 2005, Isaiah Capital Trust
beneficially owned 1,823,333 shares (or approximately 15.02% of the
outstanding shares) of Uranium Energy's common stock.
(b) Isaiah Capital Trust does not own any other common or preferred
shares of Uranium Energy as of the date of this Schedule, Isaiah
Capital Trust, has the sole power to vote or to direct the voting of
the 1,823,333 common shares of Uranium Energy.
(c) As of December 5, 2005, and within the sixty day period prior thereto,
to the best knowledge and belief of the undersigned, no transactions
involving Uranium Energy equity securities had been engaged in by
Isaiah Capital Trust.
(d) To the best knowledge and belief of the undersigned, no person other
than Isaiah Capital Trust, has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale
of, such securities.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
No contracts, arrangements, understandings or relationships between Lindsay
exist with respect to securities of the issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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.
ISAIAH CAPITAL TRUST
Date: December 6, 2005 FOR AND ON BEHALF OF
EQUITY TRUST (JERSEY) LIMITED
AS TRUSTEE OF THE
ISAIAH CAPITAL TRUST
/s/ LORRAINE WHEELER
______________________________________
Lorraine Wheeler
Director
/s/ FRANCES LEONARD
______________________________________
Frances Leonard
Director
The trustees of Equity Trust (Jersey Limited), a trust formed pursuant to the
laws of Jersey, Channel Islands, have sole voting and dispositive power over the
shares of the issuer registered in the name of Isaiah Capital Trust, and the
beneficiaries of which are neither affiliates, underwriters nor associates of an
affiliate or an underwriter of the issuer.