UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrants | 02/01/2012 | 02/01/2017 | Common Stock | 500,000 | $ 0.5 (2) | I | See Footnote (3) |
Warrants | 10/03/2011 | 01/25/2014 | Common Stock | 100,000 | $ (4) | D | |
Warrants | 02/27/2012 | 01/25/2014 | Common Stock | 240,000 | $ (5) | D | |
Options | 02/01/2012 | 02/01/2022 | Common stock | 150,000 | $ 0.5 (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brown Dennis M SUITE 720-999 WEST BROADWAY VANCOUVER, A2 V5Z 1K5 |
X | X | Chief Scientific Officer |
/s/ Dennis Brown | 02/15/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | Includes 1,253,542 shares of the Issuer's common stock owned directly by Reporting Person and 1,650,000 shares of the Issuer's common stock held by Valent Technologies LLC, of which Reporting Person is the sole member and owner and holds sole voting and dispositive power over its shares |
(2) | Actual exercise price is CAD$0.50 (Canadian dollar). The price listed in this Form 3 is the American dollar equivalent as of February 11, 2013, at which time CAD$0.50 exchanged into USD$0.50. |
(3) | Owned by Valent Technologies LLC, of which Reporting Person is the sole member and owner and holds sole voting and dispositive power over its shares |
(4) | Through July 25, 2013 the exercise price of such remaining warrants is USD$0.96. Thereafter through the expiration date the exercise price of such remaining warrants shall be USD $1.20. |
(5) | Through July 25, 2013 the exercise price of such remaining warrants is USD$0.96. Thereafter through the expiration date the exercise price of such remaining warrants shall be USD $1.20. |