SC 13D 1 sc13d.htm Schedule 13D

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. ________)*


Businessway International Corporation

(Name of Issuer)

Common Shares, par value $.001 per share

(Title of Class of Securities)

12329Y 10 4

(CUSIP Number)

MMJ Venture Capital Group Inc.

500 Place D'Armes, Suite 2314,

Montreal, Quebec H2Y 2W2

(514) 856-1683


(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

August 12, 2003

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [   ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



CUSIP No. 12329Y 10 4


1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).


MMJ Venture Capital Group Inc.


2. Check the Appropriate Box if a Member of a Group (See Instructions)


(a) [   ]


(b) [   ]


3. SEC Use Only


4. Source of Funds: OO


5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [   ]


6. Citizenship or Place of Organization: Quebec, Canada

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power: 14,747,559

8. Shared Voting Power: -0-

9. Sole Dispositive Power: 14,747,559

10. Shared Dispositive Power: -0-


11. Aggregate Amount Beneficially Owned by Each Reporting Person: 14,747,559


12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [   ]


13. Percent of Class Represented by Amount in Row (11): 24.0%


14. Type of Reporting Person: IV


Item 1. Security and Issuer
This statement relates to beneficial ownership, as provided in Rule 13(d)-3 of the Securities and Exchange Commission, of common shares, $.001 par value per share ("Shares"), of BusinessWay International Corporation, a Florida corporation ("BusinessWay"). The offices of BusinessWay are located at 1480 Begin, Saint-Laurent, Quebec, Canada H4R 1X1.
Item 2. Identity and Background

(a) Name: This statement is filed by MMJ Venture Capital Group Inc. ("MMJ")

(b) Residence or business address: MMJ's business address is 500 Place D'Armes, Suite 2314, Montreal, Quebec, Canada H2Y 2W2.

(c) Present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted:

(d) Criminal Conviction: During the past five years, MMJ has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) Court or Administrative Proceedings: During the past five years, MMJ has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which, as a result of such proceeding, subjected him to any judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) MMJ is organized under the laws of Quebec, Canada.

Item 3. Source and Amount of Funds or Other Consideration
The securities were acquired from a judicial sale pursuant to a Canadian superior court judgement. The amount paid for the shares is for an anount of twenty thousand Canadian dollars.The shares were acquired on 12-AUG-2003.

Item 4. Purpose of Transaction
MMJ Venture Capital Group Inc aqcuired the common shares for the purpose of a long-term investment, and to pursue and promot the business and to assisting in the growth of the corporation. Nevertheless, MMJ will continually evaluate the business, financial condition, and prospects of BusinessWay International Corporation, the market price of the Shares, return on its investment, alternative investments, conditions in the economy and its need for liquidity in its investments with a view toward determining whether to hold, decrease, or increase its investment in Shares. From time to time, based upon this continuing evaluation, it may sell some or all of its Shares, or it may purchase additional Shares, at varying prices on the open market, in privately negotiated transactions, and/or through other transactions.
 
Item 5. Interest in Securities of the Issuer

(a) MMJ Venture Capital Group Inc. owns beneficially, as determined under the rules and regulations of the Securities and Exchange Commission, 14,747,559 Shares. The shares beneficially owned by MMJ Venture Capital Group Inc. are equivalent to 24.0 % of the outstanding shares of BusinessWay International Corporation.

(b) MMJ has sole power to vote and dispose of the Shares beneficially owned by it.

(c)

For a description of the terms under which MMJ acquired the Shares beneficially owned by it, see the Acquisition Information described above. Except as indicated in this Schedule 13D, the MMJ has not effected any transactions in Shares during the preceding 60 days.


(d) N / A

(e) N / A
 
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
None
 
Item 7. Material to Be Filed as Exhibits
None


Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: August 21, 2003
 

MMJ Venture Capital Group Inc.
By: /s/ Wilbrod Scott
 

Name/Title: Wilbrod Scott / President