| 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). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Janus Resources, Inc. [ JANI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/29/2013 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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, par value $0.00001 | 11/29/2013 | P | 3,500,000(1) | A | $0.43 | 42,564,800(2) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Series B Stock Purchase Warrant(3) | $0.43(3) | 11/29/2013 | P | 3,500,000 | 11/29/2013 | 11/29/2013 | Common Stock, par value $0.00001 | 3,500,000 | $0(4) | 7,000,000 | D | ||||
| Series C Stock Purchase Warrant(5) | $0.43 | 11/29/2013 | P | 3,500,000 | 11/29/2013 | 11/29/2018 | Common Stock, par value $0.00001 | 3,500,000 | $0(6) | 7,000,000 | D | ||||
| Explanation of Responses: |
| 1. On November 29, 2013, Kalen Capital Corporation (KCC), a private corporation solely owned by Mr. Harmel S. Rayat, entered into a subscription agreement with Janus Resources, Inc. pursuant to which KCC purchased 3,500,000 units of Janus' equity securities at a purchase price of $0.43 per unit (the Units). Each Unit consisted of: (i) one (1) share of Janus common stock; (ii) one (1) Series B Stock Purchase Warrant; and (iii) one (1) Series C Stock Purchase Warrant. |
| 2. Calculated pursuant to Rule 13d-3(d) of the Exchange Act; includes 7,000,000 shares issuable upon exercise of outstanding warrants owned by Mr. Rayat. |
| 3. As part of the Units KCC received 3,500,000 Series B Stock Purchase Warrants (the Series B Warrants) exercisable for an equal number of shares of common stock for a period five (5) years. The Series B Warrants are exercisable at a price of $0.43 per share if exercised within the first eighteen (18) months, or $0.46 per share if exercised thereafter. The Series B Warrants may be exercised on a cashless basis. |
| 4. The Series B Warrants were included as part of the Units; no separate consideration was paid for the Series B Warrants. |
| 5. As part of the Units KCC received 3,500,000 Series C Stock Purchase Warrants (the Series C Warrants) exercisable for an equal number of shares of common stock for a period five (5) years. The Series C Warrants are exercisable at a price of $0.43 per share if exercised within the first eighteen (18) months, or $0.49 per share if exercised thereafter. The Series C Warrants may be exercised on a cashless basis. |
| 6. The Series C Warrants were included as part of the Units; no separate consideration was paid for the Series C Warrants. |
| Harmel S. Rayat | 12/03/2013 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||