SEC Form 4 · accession 0001266423-16-000001
STRATEGIC INTERNET INVESTMENTS INC · SOHFF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Abbas Abdelsalam Salih
Officer — CEO, President · Director · 10% Owner
Period of report
Jan 16, 2013
Accepted (ET)
Feb 22, 2016 · 1:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000053320
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 9, 2013 | A | 2,357,427 | $0.07 | A | 2,357,427 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF2 | $0.10 | Oct 15, 2012 | H | 1,250,000 | A | Oct 15, 2012 | Jan 15, 2013 | Common shares | 1,250,000 | 0 | D |
| OptionsF3 | $1,250,000.00 | Jan 16, 2013 | A | 1,200,000 | A | Jan 16, 2013 | Jan 16, 2018 | Common shares | 1,200,000 | 1,200,000 | D |
| Convertible debentureF4,F5 | $0.05 | Aug 10, 2013 | A | 4,526,436 | A | Aug 10, 2013 | Aug 10, 2013 | Common shares | 4,526,436 | 4,526,436 | I |
| WarrantsF4,F6 | $0.05 | Aug 10, 2013 | A | 4,526,436 | A | Aug 10, 2013 | Aug 10, 2013 | Common shares | 4,526,436 | 4,526,436 | I |
Explanation of responses
- F1Debt settlement agreement converting debt totalling $165,019.93 at a deemed price of $0.07 per share for total shares of 2,357,427.
- F2Stock options cancelled
- F3Stock options granted at a deemed price of $0.12 per share. Expiring Jan 16, 2018
- F4Loan payable to a company controlled by a director of the Company, plus accrued interest of $284,875 (2014 - $246,414), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12.
- F5Star Leisure & Entertainment Inc. is controlled by Abbas Abdelsalam Salih
- F6Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.