SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* PALOMA INTERNATIONAL L P (Last) (First) (Middle) TWO AMERICAN LANE (Street) GREENWICH CT 06836 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CROWN RESOURCES CORP [ CRCE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 10/15/2002
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2002		J ( 1 ) ( 5 )		31,728	A	$0.75	31,723	I	See ( 2 )
Common Stock	10/15/2002		J ( 3 )		33,995	A	$0.35	65,723	I	See ( 2 )
Common Stock	01/15/2003		J ( 3 )		24,822	A	$0.35	90,545	I	See ( 2 )
Common Stock	01/15/2003		J ( 1 ) ( 5 )		23,166	A	$0.75	113,711	I	See ( 2 )
Common Stock	04/15/2003		J ( 3 )		24,282	A	$0.35	137,933	I	See ( 2 )
Common Stock	04/15/2003		J ( 1 ) ( 5 )		22,663	A	$0.75	160,656	I	See ( 2 )
Common Stock	04/21/2003		S		15,000	D	$1.07	145,656	I	See ( 2 )
Common Stock	04/23/2003		S		2,000	D	$1.1	143,656	I	See ( 2 )
Common Stock	04/25/2003		S		1,750	D	$1.02	141,906	I	See ( 2 )
Common Stock	05/15/2003		S		7,500	D	$0.95	134,406	I	See ( 2 )
Common Stock	05/16/2003		S		1,500	D	$0.95	132,906	I	See ( 2 )
Common Stock	06/05/2003		S		2,000	D	$1	130,906	I	See ( 2 )
Common Stock	06/09/2003		S		10,000	D	$1	120,906	I	See ( 2 )
Common Stock	06/23/2003		S		43,700	D	$1	77,206	I	See ( 2 )
Common Stock	06/24/2003		S		20,000	D	$1	57,206	I	See ( 2 )
Common Stock	07/01/2003		S		30,000	D	$1	27,206	I	See ( 2 )
Common Stock	07/02/2003		S		25,000	D	$1.06	2,206	I	See ( 2 )
Common Stock	07/15/2003		J ( 1 ) ( 5 )		22,915	A	$0.75	25,121	I	See ( 2 )
Common Stock	07/15/2003		J ( 3 )		24,551	A	$0.35	49,672	I	See ( 2 )
Common Stock	07/16/2003		S		2,206	D	$0.93	47,446	I	See ( 2 )
Common Stock	10/01/2003		S		47,446	D	$1.5	0	I	See ( 2 )
Common Stock	10/06/2003		X		492,381	A	$0.75 ( 4 )	492,381	I	See ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
2002 Common Stock Warrant	$0.75 ( 4 )	10/06/2003		X			492,381 ( 4 )	09/06/2002	10/18/2006	Common Stock	492,381 ( 4 )	$0	0	I	See ( 2 )
10% Secured Convertible Promissory Note due 10/19/06	$2.86	10/10/2003		C			149,000	06/11/2002	10/19/2006	Common Stock	425,714	$0	195,667	I	See ( 2 )
10% Convertible Subordinated Promissory Note due 10/19/06	$1.33	10/10/2003		C			16,679	06/11/2002	10/19/2006	Common Stock	22,238	$0	672,652	I	See ( 2 )
10% Secured Convertible Promissory Note due 10/19/06	$2.86	10/13/2003		C			17,500	06/11/2002	10/19/2006	Common Stock	50,000	$0	178,162	I	See ( 2 )
10% Secured Convertible Promissory Note due 10/19/06	$2.86	10/14/2003		C			70,175	06/11/2002	10/19/2006	Common Stock	200,500	$0	107,992	I	See ( 2 )
10% Secured Convertible Promissory Note due 10/19/06	$2.86	10/15/2003		C			107,992	06/11/2002	10/19/2006	Common Stock	308,548	$0	0	I	See ( 2 )
10% Convertible Subordinated Promissory Note due 10/19/06	$1.33	10/16/2003		C			270,001	06/11/2002	10/19/2006	Common Stock	360,001	$0	402,651	I	See ( 2 )

1. Name and Address of Reporting Person* PALOMA INTERNATIONAL L P (Last) (First) (Middle) TWO AMERICAN LANE (Street) GREENWICH CT 06836 (City) (State) (Zip)

1. Name and Address of Reporting Person* SUSSMAN S DONALD (Last) (First) (Middle) 6100 RED HOOK QUARTER 18B, SUITES C, 1-6 (Street) ST. THOMAS VI 00802 (City) (State) (Zip)

Explanation of Responses:

1. Paloma International L.P. ("Paloma International"), through its wholly-owned subsidiary, Sunrise Partners Limited Partnership, a Delaware limited partnership ("Sunrise"), held 10% Convertible Subordinated Promissory Notes due October 19, 2006 ("Subordinated Notes") issued by Crown Resources Corporation ("Issuer"). Pursuant to the Subordinated Notes, the Issuer has the option, in its sole discretion, to pay any interest accrued and payable to Sunrise in shares of common stock instead of cash, at the fixed conversion price. These acquisitions of shares were as a result of the Issuer's election to pay Sunrise interest under the Subordinated Notes in shares of common stock.

2. The securities are owned indirectly by Paloma International through its subsidiary, Sunrise. Paloma GP LLC is the general partner of Paloma International. S. Donald Sussman is the controlling person of Paloma GP LLC and therefore may be deemed to share beneficial ownership of the shares beneficially owned by Paloma International and Paloma GP LLC. Paloma GP LLC and Mr. Sussman each disclaims beneficial ownership of the securities with respect to which indirect beneficial ownership is reported in this Form 4, except to the extent of its or his respective pecuniary interest therein. Pursuant to Rule 16a-1(4) promulgated under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons herein states that the filing of this Form 4 and the statements made herein shall not be deemed an admission that he or it is the beneficial owner of any of the securities covered by this Form.

3. Paloma International, through its subsidiary, Sunrise, held 10% Secured Convertible Promissory Notes due October 19, 2006 ("Secured Notes") issued by the Issuer. Pursuant to the Secured Notes, the Issuer has the right to pay any interest accrued and payable to Sunrise in shares of common stock, at the fixed conversion price, at the Issuer's sole discretion. The acquisition of shares by Paloma International, through Sunrise, was as a result of the Issuer's election to pay Sunrise interest under the Secured Notes in shares of common stock. Prior to June 10, 2003, Paloma International held the Secured Notes through Paloma Securities. On June 10, 2003 Paloma Securities transferred its ownership interests in the Secured Notes to Sunrise.

4. Sunrise acquired the warrants from Paloma Securities (as defined below) on June 10, 2003. The warrants originally were exercisable for 984,762 shares of common stock at an exercise price of $0.75 per share. However, in lieu of paying an exercise price, Sunrise elected to exercise such warrants on a "cashless" basis and received 492,381 shares of common stock pursuant thereto.

5. Prior to June 10, 2003, Paloma International held the Subordinated Notes through Paloma Securities LLC, a Delaware limited liability company ("Paloma Securities"), a wholly-owned subsidiary of Sunrise. On June 10, 2003 Paloma Securities transferred its ownership interests in the Subordinated Notes to Sunrise.

Remarks:

This Form 4 is being filed in two (2) parts. This Part 1 includes 22 of the 37 transactions reported on Table I of this Form 4. The remaining 22 transactions on Table I are being reported in Part 2, which was filed on November 25, 2003.

	Michael J. Berner, Vice President of Paloma GP LLC, GP of Paloma International L.P.	11/24/2003
	S. Donald Sussman	11/24/2003
	** Signature of Reporting Person	Date
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