UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13G
 
 
Under the Securities Exchange Act of 1934
 
GOLD AND GEMSTONE MINING INC.

(Name of Issuer)
 
Common Stock, $0.0001 par value per share

(Title of Class of Securities)
 
380485102  

(CUSIP Number)
 
July 24, 2014

(Date of Event which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
 
o  Rule 13d-1(b)
 
 
x  Rule 13d-1(c)
 
 
o  Rule 13d-1(d)
 
 
* 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 in 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).
 


 
1

 
 
CUSIP No. 380485102
13G

1.  
 
NAMES OF REPORTING PERSONS
Macallan Partners LLC
 
2.  
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(a) o
(b) o
3.  
 
SEC USE ONLY
 
4.  
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
5.  
 
SOLE VOTING POWER
47,000,000
 
BENEFICIALLY
OWNED BY
6.  
 
SHARED VOTING POWER
0
 
EACH
REPORTING
7.  
 
SOLE DISPOSITIVE POWER
47,000,000
 
PERSON
WITH
8.  
 
SHARED DISPOSITIVE POWER
0
 
9.  
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
47,000,000
 
10.  
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)     o
 
11.  
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.64%
 
12.  
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
 


 
2

 
 
CUSIP No. 380485102
13G
 
 
Item 1.(a)           Name of Issuer
 
Gold and Gemstone Mining Inc., a Nevada corporation
 
 
Item 1.(b)           Address of Issuer’s Principal Executive Offices
 
4020 N. MacArthur Blvd., Suite 122, Irving, TX 75038
 
 
Item 2.(a)           Name of Person Filing
 
This statement is being filed by and on behalf of Macallan Partners LLC.
 
 
Item 2.(b)           Address of Principal Business Office or, if None, Residence
 
The business address of Macallan Partners LLC is 1201 N. Orange Street, Suite 7401, Wilmington, DE 19801.
 
 
Item 2.(c)           Citizenship
 
Macallan Partners LLC is a Delaware limited liability company.
 
 
Item 2.(d)           Title of Class of Securities
 
Common Stock, $0.0001 par value per share
 
 
Item 2.(e)           CUSIP Number
 
380485102
 
 
Item 3.                If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
(a)  
  o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)  
  o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)  
  o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)  
  Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)  
  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)  
  An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)  
  A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h)  
  A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)  
  A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
(j)  
  A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k)  
  Group, in accordance with §240.13d-1(b)(1)(ii)(K);
 
Not applicable as this Schedule 13G is filed pursuant to Rule 13d-1(c).
 
 
3

 
 
CUSIP No. 380485102
13G
 
 
Item 4.               Ownership
 
Macallan Partners LLC:
(a)  
Amount beneficially owned:  47,000,000
(b)  
Percent of class: 8.64%
(c)  
Number of shares as to which such person has:
(i)  
Sole power to vote or to direct the vote: 47,000,000
(ii)  
Shared power to vote or to direct the vote: 0
(iii)  
Sole power to dispose or to direct the disposition: 47,000,000
(iv)  
Shared power to dispose or to direct the disposition: 0
 
 
Item 5.               Ownership of Five Percent or Less of a Class
 
Not Applicable.
 
 
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 Company
 
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.
 
 
 
4

 

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.
 
Dated:  July 24, 2014
 
MACALLAN PARTNERS LLC
 

By:
/s/ Adam Didia                                       
Name:  Adam Didia
Title:  Secretary
 

 

 

 
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