UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.         )*

 

Ecolocap Solutions Inc.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

27888A206

(CUSIP Number)

January 30, 2017

(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 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).

 



 

P No. 27888A206

13G

 

 

 

1.

Name of Reporting Person
LRS Holdings, 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
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
538,272,746(1)

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
See row 6 above.

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
See row 6 above.

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares o

 

 

11.

Percent of Class Represented by Amount in Row (9)
13.8%

 

 

12.

Type of Reporting Person
OO

 


(1)  All share amounts report in this Schedule 13G are based upon 3,902,477,140 shares of common stock outstanding (composed of (i) 3,364,204,664 shares of common stock outstanding as of  January 13, 2017 (according to a report from the Issuer’s stock transfer agent, Pacific Stock Transfer Company dated January 13, 2017) and (ii) 538,272,746 shares of common stock issuable upon exercise of certain warrants held by the Reporting Persons).

 

2



 

SIP No. 27888A206

13G

 

 

 

1.

Name of Reporting Person
Lakeshore Recycling Systems, 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
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
538,272,746

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
See row 6 above.

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
See row 6 above.

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares o

 

 

11.

Percent of Class Represented by Amount in Row (9)
13.8%

 

 

12.

Type of Reporting Person
OO

 

3



 

P No. 27888A206

13G

 

 

Item 1(a)

 

Name of Issuer
Ecolocap Solutions Inc.

Item 1(b)

 

Address of Issuer’s Principal Executive Offices
1250 S. Grove Avenue, Suite 308, Barrington, Illinois  60010

 

Item 2(a)

 

Name of Person Filing
This Schedule 13G is being filed jointly by LRS Holdings, LLC and its wholly-owned subsidiary Lakeshore Recycling Systems, LLC with respect to warrants to purchase shares of common stock of the above-named issuer held by Lakeshore Recycling Systems, LLC.

Item 2(b)

 

Address of the Principal Office or, if none, Residence
Each Reporting Person’s address of its principal office is 6132 Oakton Street, Morton Grove, IL 60053

Item 2(c)

 

Citizenship
Each Reporting Person 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
27888A206

 

Item 3

If this statement is filed pursuant to Rules 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)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

o

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

 

(k)

o

Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:                                          .

 

4



 

CUSIP No. 27888A206

13G

 

 

Item 4.

Ownership.

A.

LRS Holdings, LLC

 

(a)

Amount beneficially owned:   

538,272,476

 

(b)

Percent of class:   

13.8%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

538,272,476

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

538,272,476

B.

Lakeshore Recycling Systems, LLC

 

(a)

Amount beneficially owned:   

538,272,476

 

(b)

Percent of class:   

13.8%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

0

 

 

(ii)

Shared power to vote or to direct the vote:    

538,272,476

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

538,272,476

 

5



 

CUSIP No. 27888A206

13G

 

 

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:  o .

 

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.

 

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: February 9, 2017

 

 

 

LRS HOLDINGS, LLC

 

 

 

 

By:

Alan T. Handley

 

 

Alan T. Handley, Chief Executive Officer

 

 

 

 

 

 

 

LAKESHORE RECYCLING SYSTEMS, LLC

 

 

 

 

By:

Alan T. Handley

 

 

Alan T. Handley, Chief Executive Officer

 

6