Chang-On International, Inc. - 4 filing on 2003-12-22

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
or Section 30(h) of the Investment Company Act of 1940

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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^*

FCMI FINANCIAL CORP ET AL

(Last)

(First)

(Middle)

181 Bay Street

(Street)

Toronto, Ontario, Canada

M5J 2T3

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GOLD STANDARD INC [ GSDD.OB ]

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)
12/22/2003

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $.001 per share	12/22/2003	12/22/2003	P		1,100,000	A	$0.2273⁽¹⁾	1,941,744⁽²⁾	D⁽³⁾	N/A

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Purchase Warrant	$12⁽⁴⁾	12/22/2003		J⁽⁵⁾			1	04/08/1992	03/31/2003	Common Stock, par value $0.001 per share	46,875⁽⁴⁾	$0	0	D

1. Name and Address of Reporting Person^*

FCMI FINANCIAL CORP ET AL

(Last)

(First)

(Middle)

181 Bay Street

(Street)

Toronto, Ontario, Canada

M5J 2T3

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FRIEDBERG ALBERT

(Last)

(First)

(Middle)

JJJ

(Street)

09090

(City)

(State)

(Zip)

Explanation of Responses:

1. Pursuant to the agreement between the Issuer and FCMI Financial Corporation ("FCMI"), FCMI purchased 1,100,000 shares for an aggregate purchase price of $250,000.00. No per-share price was specified.

2. Includes 736,526 shares issued pursuant to a one-for-eight stock split on May 1, 2003.

3. All shares reported in this Form 4 are owned, and all warrants reported in this Form 4 were owned, directly by FCMI. Mr. Albert D. Friedberg is the President of FCMI, which is owned by Mr. Friedberg and members of his family and controlled by Mr. Friedberg.

4. The information in Table II with respect to the expired warrants reported therein does not give effect to a one-for-eight stock split effected on May 1, 2003. Solely for comparative purposes, had the warrants expired after such stock split, the exercise price would have been $1.50 per share, and the number of underlying shares of common stock would have been 375,000.

5. The transaction reported is the expiration of stock purchase warrants in accordance with their terms. No compensation was payable in connection with the expiration of the warrants.

Remarks:

1. Name and Address of Additional Reporting Person: Albert D. Friedberg FCMI Financial Corporation 181 Bay Street Toronto, Ontario, Canada M5J 2T3

	FCMI Corporation by Albert D. Friedberg	12/22/2003
	** Signature of Reporting Person	Date
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