UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of
1934
Check the appropriate box:
|
|
|
o
|
Preliminary Information Statement
|
o
|
Confidential, for use of the Commission only (as permitted by Rule 14c-5(d)(2))
|
þ
|
Definitive Information Statement
|
|
BRAZIL MINERALS, INC.
|
(Name of Registrant As Specified In Charter)
|
Payment of Filing Fee (Check
the appropriate box):
þ
|
No fee required.
|
|
|
|
o
|
Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
|
|
1)
|
Title of each class of securities to which transaction applies:
|
|
2)
|
Aggregate number of securities to which transaction applies:
|
|
3)
|
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
|
|
4)
|
Proposed maximum aggregate value of transaction:
|
|
5)
|
Total fee paid:
|
|
|
o
|
Fee paid previously with preliminary materials.
|
|
|
o
|
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
|
|
1)
|
Amount Previously Paid:
|
|
2)
|
Form, Schedule or Registration Statement No:
|
|
3)
|
Filing Party:
|
|
4)
|
Date Filed:
|
THIS INFORMATION
STATEMENT IS BEING PROVIDED TO
YOU BY THE
BOARD OF DIRECTORS OF BRAZIL MINERALS, INC.
WE ARE NOT
ASKING YOU FOR A PROXY AND YOU ARE
REQUESTED
NOT TO SEND US A PROXY
Brazil Minerals,
Inc.
Rua Vereador
João Alves Praes nº 95-A
Olhos D’Água,
MG 39398-000, Brazil
INFORMATION
STATEMENT
August 6, 2019
NOTICE OF
STOCKHOLDER ACTION BY WRITTEN CONSENT
GENERAL INFORMATION
To the Holders of Common Stock of
Brazil Minerals, Inc.:
This Information Statement has been filed with
the Securities and Exchange Commission (“SEC”) and is being furnished, pursuant to Section 14C of the Securities Exchange
Act of 1934, as amended (the “
Exchange Act
”), to the holders (the “
Stockholders
”) of common
stock, par value $0.001 per share (the “
Common Stock
”), of Brazil Minerals, Inc., a Nevada corporation (the
“
Company
“), to notify the Stockholders that, on July 22, 2019, the Company received approval from the
Board of Directors of the Company (the “
Board
”) and, on July 24 2019, a written consent in lieu of a meeting
(the “
Written Consent
”) from a certain holder (the “
Majority Stockholder
”) of Series A Preferred
Stock, par value $0.001 per share (“
Series A Stock
”). The Majority Stockholder beneficially owns one share of
Preferred Stock, which has 51% of the voting power with respect to the approval by stockholders of an amendment to the Company’s
Articles of Incorporation to increase the number of authorized shares of Common Stock by two hundred million (250,000,000) from
nine hundred fifty million (950,000,000) to one billion two hundred million (1,200,000,000) (the “
Authorized Increase
”).
On July 22, 2019, the Board approved this action
and recommended to the Majority Stockholder that he approve them. On July 24, 2019, the Majority Stockholder approved the Authorized
Increase by written consent in lieu of a meeting in accordance with the Nevada Revised Statutes (“
NRS
”). Accordingly,
your consent is not required and is not being solicited in connection with the approval of the Authorized Increase.
We will mail the Notice of Stockholder Action
by Written Consent to the Stockholders on or about August 8, 2019.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU
ARE REQUESTED NOT TO SEND A PROXY.
INTRODUCTION
Section 78.320 of the NRS provides that the
written consent of the holders of outstanding shares of voting capital stock having not less than the minimum number of votes which
would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and
voted can approve an action in lieu of conducting a special stockholders’ meeting convened for the specific purpose of such
action. The NRS, however, requires that in the event an action is approved by written consent, a company must provide prompt notice
of the taking of any corporate action without a meeting to the stockholders of record who have not consented in writing to such
action and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting if the record date
for such meeting had been the date that written consents signed by a sufficient number of holders to take the action were delivered
to the company.
In accordance with the foregoing, we will mail
the Notice of Stockholder Action on or around August 8, 2019. This Information Statement contains a brief summary of the
material aspects of the Authorized Increase approved by the Board of Brazil Minerals, Inc. (the “
Company
,” “
we
,”
“
our
,” or “
us
“) and the Majority Stockholder who holds a majority of the voting capital
stock of the Company.
Voting Stock
As of July 26, 2019, there were issued and
outstanding
914,784,917
shares of Common Stock, and one share of Series A Stock
(“Series A Stock”). The one share of Series A Stock entitles the holder to 51% of the total voting power on all matters.
Pursuant to Section 78.320 of the NRS, at least a majority of the voting equity of the Company is required to approve
the Authorized Increase by written consent. The Majority Stockholder has voted his one share of Series A Stock in favor of the
Authorized Increase, thereby satisfying the requirement under Section 78.320 of the NRS that at least a majority of the voting
equity vote in favor of a corporate action by written consent.
The following table sets forth the name of
the Majority Stockholder, the number of shares of Series A Stock held and voted by the Majority Stockholder in favor of the Authorized
Increase, and the percentage of the issued and outstanding voting equity of the Company voted in favor thereof.
|
|
|
|
|
|
|
|
|
|
|
|
Name of
Majority Stockholder
|
|
Number of Shares of
Voting Stock
Voted by Majority Stockholder
|
|
|
|
|
Percentage of the Voting Equity
that Voted in Favor of
the Authorized Increase
|
|
|
Marc Fogassa
|
|
|
1 Share of Series A Stock
|
|
|
|
|
|
|
51%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTION TO
BE TAKEN
The Authorized
Increase will become effective only on such date in which we file a Certificate of Amendment to the Company’s Articles of
Incorporation, as amended (the “
Amendment
”), with the State of Nevada.
INCREASE IN
AUTHORIZED SHARES OF COMMON STOCK
The number of
authorized shares of our Common Stock will be increased by two hundred fifty million (250,000,000) from nine hundred fifty million
(950,000,000) to one billion two hundred million (1,200,000,000) shares. The Board of Directors believes that the Authorized
Increase is necessary and advisable
so that the Company shall have sufficient number of
authorized and unissued and unreserved shares to issue including those needed for the new equity investors that it obtained and
for conversion of unpaid contractual obligations to its Chief Executive Officer.
The Authorized Increase will not have
any immediate effect on the rights of existing stockholders, but may have a dilutive effect on our existing stockholders if additional
shares are issued. We are not increasing our authorized shares of Common Stock to construct or enable any anti-takeover defense
or mechanism on behalf of the Company.
SECURITY OWNERSHIP
OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following tables set forth certain information
regarding the beneficial ownership of our Common Stock and our Preferred Stock as of July 26, 2019 of (i) each person known
to us to beneficially own more than 5% of such stock, (ii) our directors, (iii) each named executive officer, and (iv) all
directors and named executive officers as a group. As of July 22, 2019, there were a total of
914,784,917
shares of Common Stock, and one share of Series A Stock issued and outstanding.
The number of shares beneficially owned is
determined under the rules promulgated by the SEC, and the information is not necessarily indicative of beneficial ownership for
any other purpose. Under those rules, beneficial ownership includes any shares as to which a person or entity has sole or shared
voting power or investment power plus any shares which such person or entity has the right to acquire within sixty (60) days of
July 26, 2019, through the exercise or conversion of any stock option, convertible security, warrant or other right. Unless otherwise
indicated, each person or entity named in the table has sole voting power and investment power (or shares such power with that
person’s spouse) with respect to all shares of capital stock listed as owned by that person or entity, and the address of
each of the stockholders listed below is: c/o Brazil Minerals, Inc., Rua Vereador João Alves Praes nº 95-A, Olhos D’Agua,
MG 39.398-000, Brazil. The Certificate of Designations, Preferences and Rights of our Series A Stock provides that for so long
as the Series A Stock is issued and outstanding, the holders of Series A Stock shall vote together as a single class with the holders
of our Common Stock and the holders of any class or series of shares entitled to vote with the Common Stock, with the holders of
Series A Stock being entitled to 51% of the total votes on all matters regardless of the actual number of shares of Series A Stock
then outstanding, and the holders of other stock in the Company being entitled to their proportional share of the remaining 49%
of the total votes based on their respective voting power.
|
|
|
|
|
|
|
|
|
|
Percentage of Voting Power
|
|
|
|
|
|
Shares Beneficially
|
|
|
|
|
|
of all Outstanding Classes
|
|
Name and Address (1)
|
|
Office
|
|
Owned (2)
|
|
|
Percent of Class (3)
|
|
|
of Company Stock (4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marc Fogassa
|
|
Director, Chairman, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer
|
|
|
365,201,226
|
(5)
|
|
|
29.17%
|
|
|
|
14.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ambassador Roger Noriega
|
|
Director
|
|
|
65,428,637
|
(6)
|
|
|
6.67%
|
|
|
|
3.27%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All executive officers and directors as a group (2 people)
|
|
|
|
|
430.629,863
|
(5)(6)
|
|
|
29.17%
|
|
|
|
14.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Igor Tkachenko
|
|
|
|
|
200,000,000
|
|
|
|
21.86%
|
|
|
|
10.71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series A Stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marc Fogassa
|
|
Director
|
|
|
1
|
|
|
|
100.00%
|
|
|
|
51.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All executive officers and directors as a group (2 people)
|
|
|
|
|
1
|
|
|
|
100.00%
|
|
|
|
51.00%
|
|
———————
(1) The mailing address of each of the officers,
directors, and affiliates set forth below is c/o Brazil Minerals, Inc., Rua Vereador João Alves Praes nº 95-A, Olhos
D'Agua, MG 39.398-000, Brazil.
(2) Beneficial ownership is determined in accordance
with rules promulgated by the SEC.
(3) Based on
914,784,917
shares of common stock issued outstanding as of July 26, 2019 and additional shares issuable upon exercise of options.
(4) The holders of our Series A Stock vote
together as a single class with the holders of our Common Stock, with the holders of Series A Stock being entitled to 51% of the
total votes on all matters regardless of the actual number of shares of Series A Stock then outstanding, and the holders of Common
Stock being entitled to their proportional share of the remaining 49% of the total votes based on their respective voting power.
Based on their beneficial ownership of shares of Series A Stock and Common Stock as of July 26, 2019, each person set forth in
the table had the approximate percentage of the voting power of the common and preferred stock voting together as a single class
as of such date set forth opposite their name.
(5) Includes shares of our common stock which
are obtainable through exercise of options received on extinguishment of notes issued by the Company to Marc Fogassa for various
unpaid obligations and shares of common stock owned by entities deemed to be controlled by Marc Fogassa.
(6) Includes shares of our common stock which
are obtainable through exercise of options received as compensation for directorship.
ADDITIONAL
INFORMATION
We are subject
to the disclosure requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith, file reports,
information statements and other information, including annual and quarterly reports on Form 10-K and 10-Q, respectively, with
the Securities and Exchange Commission (the “
SEC
”). Reports and other information filed by the Company can
be inspected and copied at the public reference facilities maintained by the SEC at Room 1024, 450 Fifth Street, N.W., Washington,
DC 20549. Copies of such material can also be obtained upon written request addressed to the SEC, Public Reference Section, 450
Fifth Street, N.W., Washington, D.C. 20549 at prescribed rates. In addition, the SEC maintains a web site on the Internet (http://www.sec.gov)
that contains reports, information statements and other information regarding issuers that file electronically with the SEC through
the Electronic Data Gathering, Analysis and Retrieval System.
The following
documents, as filed with the SEC by the Company, are incorporated herein by reference:
|
|
|
|
(1)
|
Annual
Report on Form 10-K for the fiscal year ended December 31, 2017;
|
|
|
|
|
(2)
|
Annual
Report on Form 10-K for the fiscal year ended December 31, 2018;
|
|
(3)
|
Quarterly Report on Form 10-Q for the quarter
ended March 31, 2019.
|
|
|
|
You may request
a copy of these filings, at no cost, by writing Brazil Minerals, Inc., at its address of Rua Vereador João Alves Praes
nº 95-A, Olhos D’Agua, MG 39.398-000, Brazil, or telephoning the Company at (833) 661-7900. Any statement contained
in a document that is incorporated by reference will be modified or superseded for all purposes to the extent that a statement
contained in this Information Statement (or in any other document that is subsequently filed with the SEC and incorporated by
reference) modifies or is contrary to such previous statement. Any statement so modified or superseded will not be deemed a part
of this Information Statement, except as so modified or superseded.
DELIVERY
OF DOCUMENTS TO SECURITY HOLDERS SHARING AN ADDRESS
If hard copies
of the materials are requested, we will send only one Information Statement and other corporate mailings to stockholders who share
a single address unless we received contrary instructions from any stockholder at that address. This practice, known as “householding,”
is designed to reduce our printing and postage costs. However, the Company will deliver promptly upon written or oral request
a separate copy of the Information Statement to a stockholder at a shared address to which a single copy of the Information Statement
was delivered. You may make such a written or oral request by (a) sending a written notification stating (i) your name, (ii) your
shared address and (iii) the address to which the Company should direct the additional copy of the Information Statement, to the
Company at Rua Vereador João Alves Praes nº 95-A, Olhos D’Agua, MG 39.398-000, Brazil, or telephoning the Company
at (833) 661-7900.
If multiple
stockholders sharing an address have received one copy of this Information Statement or any other corporate mailing and would
prefer the Company to mail each stockholder a separate copy of future mailings, you may mail notification to, or call the Company
at its principal executive offices. Additionally, if current stockholders with a shared address received multiple copies of this
Information Statement or other corporate mailings and would prefer the Company to mail one copy of future mailings to stockholders
at the shared address, notification of such request may also be made by mail or telephone to the Company’s principal executive
offices.
This Information
Statement is provided to the holders of Common Stock of the Company only for information purposes in connection with the Authorized
Increase, pursuant to and in accordance with Rule 14c-2 of the Exchange Act. Please carefully read this Information Statement.
By Order of the Board of Directors
|
/s/
Marc Fogassa
|
Chief Executive Officer
|
Director
|
Dated: August 6, 2019
Brazil Minerals (QB) (USOTC:BMIX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Brazil Minerals (QB) (USOTC:BMIX)
Historical Stock Chart
From Apr 2023 to Apr 2024