SC 13G 1 sch13g_101201.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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 RULE 13d-2 --------------------------- Westcoast Energy Inc. (Name of Issuer) Common Shares (Title of Class of Securities) 95751D102 (CUSIP Number) October 5, 2001 (Date of Event Which Requires Filing of this Statement) --------------------------- Check the appropriate box to designate the rule pursuant to which the Schedule is filed: o Rule 13d-1 (b) [x] Rule 13d-1 (c) o 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 the disclosures provided in a prior cover page. The information required in 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). CUSIP No. 95751D102 13G Page 2 of 8 Pages -------------------------------------------------------------------------------- (1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (entities only) The Bank of Nova Scotia -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| -------------------------------------------------------------------------------- (3) SEC Use Only -------------------------------------------------------------------------------- (4) Citizenship or Place of Organization Canada -------------------------------------------------------------------------------- (5) Sole Voting Power Number of 5,627,372 Shares Beneficially ------------------------------------------------------ Owned (6) Shared Voting Power by Each Reporting 744,604 Person With ------------------------------------------------------ (7) Sole Dispositive Power 5,627,372 ------------------------------------------------------ (8) Shared Dispositive Power 744,604 -------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 6,371,976 at October 5, 2001 -------------------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| -------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 5.17% -------------------------------------------------------------------------------- (12) Type of Reporting Person (See Instructions) CO -------------------------------------------------------------------------------- 2 CUSIP No. 95751D102 13G Page 3 of 8 Pages -------------------------------------------------------------------------------- (1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (entities only) Scotia Capital Inc. -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| (b) |_| -------------------------------------------------------------------------------- (3) SEC Use Only -------------------------------------------------------------------------------- (4) Citizenship or Place of Organization Province of Ontario, Canada -------------------------------------------------------------------------------- (5) Sole Voting Power Number of 0 Shares Beneficially ------------------------------------------------------ Owned (6) Shared Voting Power by Each Reporting 744,604 Person With ------------------------------------------------------ (7) Sole Dispositive Power 0 ------------------------------------------------------ (8) Shared Dispositive Power 744,604 -------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 744,604 at October 5, 2001 -------------------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| -------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 0.6% -------------------------------------------------------------------------------- (12) Type of Reporting Person (See Instructions) CO -------------------------------------------------------------------------------- 3 Item 1(a). Name of Issuer Westcoast Energy Inc. Item 1(b). Address of Issuer's Principal Executive Offices Westcoast Energy Inc. 1333 West Georgia St. Vancouver, British Columbia, Canada V6E 3K9 Item 2(a). Name of Persons Filing The Bank of Nova Scotia ("Scotiabank") and Scotia Capital Inc.("SCI") an indirect wholly-owned subsidiary of Scotiabank. Of the common shares reported herein as being the deemed aggregate amount beneficially owned by Scotiabank: (i) 5,627,372 are owned by Scotiabank directly; (ii) 744,604 are owned by SCI. Scotiabank has authority over the voting and disposition decisions relating to these shares. Item 2(b). Address of Principal Business Office or, if None, Residence Scotiabank: The Bank of Nova Scotia Attention: Group Compliance 44 King Street West Toronto, Ontario, Canada M5H 1H1 SCI: Scotia Capital Inc. 40 King Street West Scotia Plaza P.O. Box 4085, Station "A" Toronto, Ontario, Canada, M5W 2X6 Item 2(c). Citizenship Scotiabank: Organized under the laws of Canada. 4 SCI: Organized under the laws of the Province of Ontario, Canada. Item 2(d). Title of Class of Securities Common Shares Item 2(e). CUSIP Number 95751D102 Item 3. Filing Category Not applicable Item 4(a). Amount Beneficially Owned Scotiabank: 5,627,372 SCI: 744,604 Item 4(b). Percent of Class Scotiabank: 5.17% SCI: 0.6% (Included in the aggregate percentage shown for Scotiabank above.) Item 4(c). Number of shares as to which the Reporting Person has: (i) sole power to vote or direct the vote: Scotiabank: 5,627,372 SCI: 0 (ii) shared power to vote or direct the vote: Scotiabank: 0 SCI: 744,604 (iii) sole power to dispose or to direct the disposition: Scotiabank: 5,627,372 5 SCI: 0 (iv) shared power to dispose or to direct the disposition: Scotiabank: 0 SCI: 744,604 Item 5. Ownership of Five Percent or Less of a Class 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 Not applicable 6 SIGNATURE After reasonable inquiry and to the best of the signatory's knowledge and belief, each signatory certifies that the information set forth in this statement is true, complete and correct. Dated: October 12, 2001 THE BANK OF NOVA SCOTIA By: /s/ DAVID SMITH ----------------------------------------- Name: David Smith Title: Vice-President, Group Compliance By: /s/ VALERIE STEINMAN ----------------------------------------- Name: Valerie Steinman Title: Assistant Secretary SCOTIA CAPITAL INC. By: /s/ ANDREW CUMMING ----------------------------------------- Name: Andrew Cumming Title: Managing Director, Head of Equity Related Products 7