4: Statement of changes in beneficial ownership of securities
Published on July 15, 2013
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
(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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
12% Convertible Promissory Note | $ 0.50 | 07/12/2013 | M | $ 252,199 (1) | 06/27/2013 | 06/27/2016 | Units | (1) | $ 252,199 | 0 | D | ||||
12% Convertible Promissory Note | $ 0.50 | 07/12/2013 | M | $ 614,012 (2) | 06/27/2013 | 06/27/2016 | Units | (2) | $ 614,012 | 0 | I | By 3253517 Nova Scotia Limited | |||
Warrants | $ 0.75 | 07/12/2013 | M | 126,730 | 07/12/2013 | 07/12/2015 | Common Stock | 126,730 | (1) | 126,730 | D | ||||
Warrants | $ 0.75 | 07/12/2013 | M | 308,541 | 07/12/2013 | 07/12/2015 | Common Stock | 308,541 | (2) | 308,541 | I | By 3253517 Nova Scotia Limited |
Reporting Owners
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MacPherson Richard 34 CEDARBANK TERRACE HALIFAX, A5 B3P 2TR |
X | X |
Signatures
/s/ Richard MacPherson | 07/15/2013 | |
**Signature of Reporting Person | Date |
Explanation of Responses:
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Pursuant to a notice of conversion, the Reporting Person converted a promissory note with a principal balance of $252,199 and accrued interest of $1,261 into 506,920 Units of the Issuer, with each Unit consisting of one share of common stock and one warrant to purchase 0.25 additional shares of common stock at $0.75 per share. |
(2) | Pursuant to a notice of conversion, 3253517 Nova Scotia Limited converted a promissory note with a principal balance of $614,012 and accrued interest of $3,070 into 1,234,164 Units of the Issuer, with each Unit consisting of one share of common stock and one warrant to purchase 0.25 additional shares of common stock at $0.75 per share. The Reporting Person is the controlling principal of 3253517 Nova Scotia Limited. |
(3) | On July 12, 2013, 3253517 Nova Scotia Limited effected a transfer of 1,000,000 and 1,000,000 shares of common stock to two transferees in private transactions for consideration of $1,000 in cash received from each of the transferees. |