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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(AMENDMENT NO. 1)
International Coal Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45928H106
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(CUSIP Number)
June 12, 2008
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(Date of Event Which Requires Filing of this 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)
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*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 the 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 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. 45928H106 13G PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON:
Andreeff Equity Advisors, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
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NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED 10,749,350
BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
10,749,350
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,749,350
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
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12 TYPE OF REPORTING PERSON*
IA, PN
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CUSIP NO. 45928H106 13G PAGE 3 OF 6 PAGES
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1 NAME OF REPORTING PERSON:
Dane Andreeff
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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5 SOLE VOTING POWER
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NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED 10,749,350
BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON --------------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
10,749,350
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,749,350
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.0%
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12 TYPE OF REPORTING PERSON*
IN, HC
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CUSIP NO. 45928H106 13G PAGE 4 OF 6 PAGES
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ITEM 1(a). NAME OF ISSUER:
International Coal Group, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
300 Corporate Centre Drive
Scott Depot, WV 25560
ITEM 2(a). NAME OF PERSON FILING:
This Schedule 13G is being filed on behalf of the following
persons (the "Reporting Persons"):
(i) Andreeff Equity Advisors, L.L.C. ("AEA")
(ii) Dane Andreeff
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business office of the Reporting Persons filing
this Schedule 13G is located at 140 East St. Lucia Lane, Santa Rosa Beach, FL
32459.
ITEM 2(c). CITIZENSHIP:
(i) AEA: a Delaware limited liability company
(ii) Dane Andreeff: Canada
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
45928H106
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CUSIP NO. 45928H106 13G PAGE 5 OF 6 PAGES
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B)
OR (C) CHECK WHETHER THE PERSON FILING IS: ONE OF THE FOLLOWING
Not applicable.
ITEM 4. OWNERSHIP:
The information in items 1 and 5 through 11 on the cover pages
(pp. 2 -3) on this Schedule 13G is hereby incorporated by reference.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the Reporting Persons have ceased to be the beneficial owner of
more than five percent of the class of securities check the following. {square}
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:
Mr. Andreeff is the Managing Member of AEA and Maple Leaf
Capital I, L.L.C. ("Capital"). AEA is the Investment Adviser and Capital is the
General Partner of the following limited partnerships, each of which owns less
than 5% of the issuer's securities:
(i) Maple Leaf Partners, L.P.
(ii) Maple Leaf Partners I, L.P.
(iii) Maple Leaf Discovery, L.P.
(iv) Maple Leaf Discovery I, L.P.
AEA is the Investment Adviser of Maple Leaf Discovery Offshore,
Ltd., Maple Leaf Offshore, Ltd., and an offshore managed account, each of which
owns less than 5% of the issuer's securities. Mr. Andreeff is the Director of
Maple Leaf Discovery Offshore, Ltd. and Maple Leaf Offshore, Ltd.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
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CUSIP NO. 45928H106 13G PAGE 6 OF 6 PAGES
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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.
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.
Dated: August 18, 2008
/s/ Dane Andreeff
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Dane Andreeff *
ANDREEFF EQUITY ADVISORS, L.L.C.*
By: Dane Andreeff
/s/ Dane Andreeff
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Name: Dane Andreeff
Title: Managing Member
* THE REPORTING PERSONS DISCLAIM BENEFICIAL OWNERSHIP IN THE SHARES REPORTED
HEREIN EXCEPT TO THE EXTENT OF THEIR PECUNIARY INTEREST THEREIN.