Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
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).
SCHEDULE 13G
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CUSIP No. 746094101
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Page 2 of 8 Pages
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|
1.
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NAMES OF REPORTING PERSONS
Magna Group, LLC
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|
2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
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5.
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SOLE VOTING POWER
100,095,786* (See Item 4)
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6.
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SHARED VOTING POWER
-0- (See Item 4)
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EACH
REPORTING
PERSON
WITH
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7.
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SOLE DISPOSITIVE POWER
100,095,786* (See Item 4)
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8.
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SHARED DISPOSITIVE POWER
-0- (See Item 4)
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,095,786* (See Item 4)
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10.
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.1823% (See Item 4)
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO – limited liability company
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SCHEDULE 13G
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CUSIP No. 746094101
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Page 3 of 8 Pages
|
|
1.
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NAMES OF REPORTING PERSONS
Joshua Sason
|
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
¨
(b)
¨
|
|
3.
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SEC USE ONLY
|
|
4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
|
5.
|
SOLE VOTING POWER
100,095,786* (See Item 4)
|
|
6.
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SHARED VOTING POWER
-0- (See Item 4)
|
|
EACH
REPORTING
PERSON
WITH
|
7.
|
SOLE DISPOSITIVE POWER
100,095,786* (See Item 4)
|
|
8.
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SHARED DISPOSITIVE POWER
-0- (See Item 4)
|
|
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,095,786* (See Item 4)
|
|
10.
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
|
|
11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.1823% (See Item 4)
|
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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SCHEDULE 13G
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CUSIP No. 746094101
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Page 4 of 8 Pages
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Item 1.
PuraMed BioScience, Inc., a
Nevada corporation (the “
Issuer
”)
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(b)
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Address of Issuer’s Principal Executive Offices:
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1326 Schofield Avenue
Schofield, MN 54476
Item 2.
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(a)
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Name of Person Filing:
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This Schedule 13G is being jointly filed by Magna
Group, LLC, a New York limited liability company (“
Magna
”), and Joshua Sason (each, a “
Reporting Person
”
and, collectively, the “
Reporting Persons
”) with respect to shares of common stock, $0.001 par value, of the
Issuer (the “
Common Stock
”) owned directly by Magna.
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(b)
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Address of Principal Business Office, or if None, Residence:
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The address of the principal business office of each
of the Reporting Persons is: 5 Hanover Square, New York, New York 10004.
Magna is a New York limited liability company.
Mr. Sason is a United States citizen.
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(d)
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Title of Class of Securities:
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Common Stock, $0.001 par value
746094101
SCHEDULE 13G
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CUSIP No. 746094101
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Page 5 of 8 Pages
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Item 3. If this statement is filed pursuant to §§240.13d-1(b),
or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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¨
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
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(b)
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¨
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Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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¨
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Insurance Issuer as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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¨
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Investment Issuer registered under Section 8 of the Investment Issuer Act of 1940 (15 U.S.C. 80a-8).
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(e)
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¨
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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¨
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An employee benefit plan or endowment fund in accordance with §240. 13d-1(b)(1)(ii)(F);
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(g)
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¨
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A parent holding Issuer or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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¨
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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¨
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A church plan that is excluded from the definition of an investment Issuer under section 3(c)(14) of the Investment Issuer Act of 1940 (15 U.S.C. 80a-3);
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(j)
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¨
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A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
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(k)
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¨
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
|
If filing as a non-U.S. institution
in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution ______________________
Item 4. Ownership.
Provide the following
information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
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(a)
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Amount beneficially owned:
|
The information required by Item 4(a) is set forth in
Row 9 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
The information required by Item 4(b) is set forth in
Row 11 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
SCHEDULE 13G
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CUSIP No. 746094101
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Page 6 of 8 Pages
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(c)
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Number of shares as to which such person has:
|
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(i)
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Sole power to vote or to direct the vote
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The information required by Item 4(c)(i) is set forth
in Row 5 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
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(ii)
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Shared power to vote or to direct the vote
|
The information required by Item 4(c)(ii) is set forth
in Row 6 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
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(iii)
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Sole power to dispose or to direct the disposition of
|
The information required by Item 4(c)(iii) is set forth
in Row 7 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
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(iv)
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Shared power to dispose or to direct the disposition of
|
The information required by Item 4(c)(iv) is set forth
in Row 8 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
The 100,095,786 shares of Common Stock beneficially
owned by Magna may be acquired by Magna pursuant to the exchange of certain convertible notes of the Issuer that were purchased
by Magna from a third party. On April 24, 2014, Magna entered into a Master Exchange Agreement with the Issuer, pursuant to which
Magna may, at any time, exchange all, or any part, of such convertible notes of the Issuer into common stock of the Issuer; provided,
that after giving effect to any such exchange, Magna does not beneficially own more than 9.99% of the then outstanding shares of
common stock of the Issuer.
Mr. Sason is the Chief Executive Officer
of Magna and owns all of the membership interests in Magna. Accordingly, Mr. Sason, subject to the limitations of the rights described
above, has sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of all securities owned
directly by Magna, including, without limitation, the Common Stock. Mr. Sason does not directly own any shares of Common Stock.
Under Rule 13d-3 under the Exchange Act, Mr. Sason may be deemed to beneficially own the shares of Common Stock owned directly
by Magna. Magna is not a registered broker-dealer, and neither Magna nor any of its affiliates is an affiliate or an associated
person of a registered broker-dealer.
SCHEDULE 13G
|
CUSIP No. 746094101
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Page 7 of 8 Pages
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Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being
filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following
¨
.
Item 6. Ownership of More Than Five Percent on Behalf of
Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent Holding Issuer.
Not Applicable
Item 8. Identification and Classification of Members of
the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below I certify
that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that purpose or effect.
SCHEDULE 13G
|
CUSIP No. 746094101
|
Page 8 of 8 Pages
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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.
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Dated: June 25, 2014
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MAGNA GROUP, LLC
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By:
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/s/ Joshua Sason
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Name:
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Joshua Sason
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Title:
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Chief Executive Officer
|
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/s/ Joshua Sason
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JOSHUA SASON
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EXHIBIT INDEX TO SCHEDULE 13G
EXHIBIT 1
Joint Filing Agreement,
dated as of June 25, 2014, by and between Magna Group, LLC and Joshua Sason.