1
|
NAME OF REPORTING PERSON
Hong Kong Minerals Holdings, LTD
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Intentionally omitted
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b )
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3
|
SEC USE ONLY
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4
|
SOURCE OF FUNDS (See Instructions)
OO
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5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
16,000,000 (1)
|
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8
|
SHARED VOTING POWER
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9
|
SOLE DISPOSITIVE POWER
16,000,000
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10
|
SHARED DISPOSITIVE POWER
|
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11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,000,000
|
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12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
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13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.95%
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14
|
TYPE OF REPORTING PERSON
CO
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(1)
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On February 15, 2012, we entered into an agreement with Gulf Coast Holdings, LLC (“GCH”) to reserve export ready 1 million tons of 64% Fe higher content iron ore and 13 million 45% grade lower content iron ore, and 2 million tons of manganese ore. We agreed to issue 16 million shares of our common stock to GCH or assigns (“Mineral Deposit Shares”). The Mineral Deposit Shares shall vest and be delivered as follows; 5 million immediately, 11 million upon the successful completion of the first customer order of total revenue over $5 million. Success shall be defined as customer acceptance of order and final payment. To the extent a successful order does not occur the unvested Mineral Deposit Shares shall be returned to our treasury and cancelled. GCH has the right to designate two board members who we mutually agree to.
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June 11, 2012 |
Date |
/s/ Louisa Loo |
Signature |
Louisa Loo/Director |
Name/Title |