Contact Minerals SCHEDULE 13D (Activist Acquisition of More Than 5% of Shares)

File Date: 2017-09-13

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

     
CONTACT MINERALS CORP

(Name of Issuer)

 

Common Stock, $0.001 par value per share

(Title of Class of Securities)

 

21073Q 209

(CUSIP Number)

 

Kwueh Lin Wong

22A-3, Jalan Metro Pudu
Off Jalan Loke Yew
Fraser Business Park 55100

Kuala Lumpur, Malaysia

+60 12 231 8867

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

 

 

September 11, 2017

(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-l(f) or 240.13d-l(g), check the following box. o

 

*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.

 

 

21073Q 209
1.

Names of Reporting Persons.

 Kwueh Lin Wong

 

2.

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

(a)  o

(b)  o

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)

PF

 

5.

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

o   

 

6.

Citizenship or Place of Organization

Malaysia

 

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

7.

Sole Voting Power

42,885,500

8.

 

Shared Voting Power

-0-

 

9.

 

Sole Dispositive Power

42,885,500

10.

 

Shared Dispositive Power

-0-

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

42,885,500

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

o    

 

13.

Percent of Class Represented by Amount in Row (11)

45%

 

14.

Type of Reporting Person (See Instructions)

IN

 

         

 

 

 

  2  

 

Item 1.  Security and Issuer

 

The class of equity securities to which this statement relates is the common stock, $0.001 par value per share (the “Common Stock”), of Contact Minerals Corp., a Nevada corporation (the “Company”).  The principal executive office of the Company is located at 22A-3, Jalan Metro Pudu, Off Jalan Loke Yew, Fraser Business Park 55100, Kuala Lumpur, Malaysia.

 

Item 2.  Identity and Background

 

(a) This Schedule 13D is being filed by Kwueh Lin Wong (the “Reporting Person”).  

 

(b) The address of the principal business of the Reporting Person is c/o Contact Minerals Corp., 22A-3, Jalan Metro Pudu, Off Jalan Loke Yew, Fraser Business Park 55100, Kuala Lumpur, Malaysia. 

 

(c) The principal occupation of the Reporting Person is a businessman.

 

(d) During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a 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) The Reporting Person is a citizen of Malaysia.

 

Item 3.  Source and Amount of Funds or Other Consideration

 

On September 11, 2017, Shiong Han Wee and Kwueh Lin Wong (collectively, the “Purchasers”) consummated the purchase of 7,000,000 shares of common stock of Contact Minerals Corp. (the “Company”) from Kerry McCullagh, the Company’s Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer (the “Seller Shares”) of the Company and 78,770,000 shares from the Company (the “Issued Shares”) at an aggregate purchase price of $350,000 (the “Purchase Price”). The sale and purchase of the Seller Shares and the Issued Shares were made in accordance with the terms of a stock purchase agreement (the “Stock Purchase Agreement”) by and among the Purchasers, the Company and Kerry McCullagh. The Purchasers purchased the securities using their own personal funds.

 

$50,000 of the Purchase Price was allocated to Mr. Kerry as consideration for the Seller Shares and the balance was allocated to the Company as consideration for the Issued Shares. The Company directed its portion of the Purchase Price to Mr. McCullagh in full settlement of all company debts owed to Mr. McCullagh and in consideration of settling any claims against the Company by Mr. McCullagh.

 

Upon consummation of the sale and purchase of the Seller Shares and the Issued Shares, Kerry McCullagh, the sole executive officer and director, resigned from all of his positions with the Company, and the following persons were appointed to serve in the positions set forth next to their names below:

 

Name Position
Shiong Han Wee Director, Chief Executive Officer
Kwueh Lin Wong Director, Chief Financial Officer and Secretary

 

The foregoing description of the Stock Purchase Agreement is qualified in its entirety by reference to the Stock Purchase Agreement, which was filed as Exhibit 10.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 1, 2017.

 

 

 

  3  

 

 

Item 4.  Purpose of Transaction

 

The acquisition by the Reporting Person of the Shares as described herein was effected because of the belief that the Shares represent an attractive investment.  The Reporting Person is engaged in active discussions on behalf of the Company to acquire an operating company in the near future, which operating company is anticipated to be affiliated with the Reporting Person or the other executive officers of the Company. There can be no assurance that the Company will be successful in acquiring an operating company in the near future, if at all.

 

Depending on prevailing market, economic and other conditions, the Reporting Person may from time to time acquire additional Shares or engage in discussions with the Company concerning future acquisitions of shares of its capital stock.  Such acquisitions may be made by means of open-market purchases, privately negotiated transactions, direct acquisitions from the Company or otherwise.  The Reporting Person intends to review her investment in the Company on a continuing basis and, depending upon the price and availability of shares of the Company’s capital stock, subsequent developments affecting the Company, the Company’s business and prospects, other investment and business opportunities available to the Reporting Person, general stock market and economic conditions, tax considerations and other factors considered relevant, may decide at any time to increase or to decrease the size of her investment in the Company.

 

Additional Disclosure

 

Except as set forth above in this statement, the Reporting Person does not have any plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company’s business or corporate structure; (g) changes in the Company’s charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above.

 

Item 5.  Interest in Securities of the Issuer

 

(a)      The percentages used herein are calculated based upon 95,300,000 shares of the Common Stock outstanding as of September 11, 2017.

  

(b)      Kwueh Lin Wong is the direct owner of 42,885,500 shares of Common Stock (the “Shares”) representing approximately 45% of the outstanding shares of Common Stock. Mr. Wong has the sole power to vote or to direct the vote and to dispose or to direct the disposition of the Shares.

 

(c)      The Reporting Person did not effect any transactions in the Shares during the sixty days before the date of this Schedule 13D.

 

(d)      Except as set forth in this Item 5, no person other than the Reporting Person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.

 

(e)      Not applicable.

 

  4  

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

The description of the Stock Purchase Agreement in Item 3 above is hereby incorporated in this Item 6 by reference.  

 

Except as described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any other person with respect to any securities of the Company.

 

Item 7.  Material to be Filed as Exhibits

 

Exhibit 1: Stock Purchase Agreement (1)

 

(1) Incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 1, 2017.

 

 

 

SIGNATURES

 

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

 

Dated: September 11, 2017

 

 

   
  /s/ Kwueh Lin Wong
  Kwueh Lin Wong

 

 

 

 

 

 

 

 

 

  5