Information Statement - All Other (definitive) (def 14c)
October 06 2017 - 4:25PM
Edgar (US Regulatory)
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:
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Preliminary Information Statement
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Confidential, for use of the Commission only (as permitted by Rule 14c-5(d)(2))
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Definitive Information Statement
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LEGACY VENTURES INTERNATIONAL, INC.
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(Name of Registrant As Specified In Charter)
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Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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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):
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Proposed maximum aggregate value of transaction:
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Total fee paid:
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Fee paid previously with preliminary materials.
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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.
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Amount Previously Paid:
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Form, Schedule or Registration Statement No:
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Filing Party:
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Date Filed:
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THIS INFORMATION STATEMENT IS BEING
PROVIDED TO
YOU BY THE BOARD OF DIRECTORS OF
YUMMY FLIES, INC.
WE ARE NOT ASKING YOU FOR A PROXY
AND YOU ARE
REQUESTED NOT TO SEND US A PROXY
LEGACY VENTURES INTERNATIONAL,
INC.
1382 Valencia Ave., Suite F
Tustin, CA 92780
(949) 260-8070
INFORMATION STATEMENT
(Preliminary)
October 5, 2017
NOTICE OF STOCKHOLDER ACTION BY
WRITTEN CONSENT
GENERAL INFORMATION
To the Holders of Common Stock of
Legacy Ventures International, Inc.:
This Information Statement has been
filed with the Securities and Exchange Commission 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 Legacy Ventures International, Inc., a Nevada corporation
(the “
Company
”), to notify the Stockholders that on September 5, 2017, the Company received the written consent
in lieu of a meeting of the holders of a majority of the total voting power of all issued and outstanding voting capital of the
Company (the “
Majority Stockholders
”).
The Majority Stockholders authorized
amending the Company’s Certificate of Incorporation, as amended, to change the name of the Company from Legacy Ventures International,
Inc. to Nexalin Technology, Inc. (the “
Name Change
”).
On September 5, 2017, the Board
of Directors of the Company (the “
Board
”) approved, and recommended to the Majority Stockholders that they approve
the Name Change. On September 5, 2017, the Majority Stockholders approved the Action by written consent in lieu of a meeting, in
accordance with Nevada law. Accordingly, your consent is not required and is not being solicited in connection with
the approval of the Name Change.
WE ARE NOT ASKING YOU FOR A PROXY
AND YOU ARE REQUESTED NOT TO SEND A PROXY.
This Information Statement has
been filed with the Securities and Exchange Commission 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 the Company to notify the Stockholders of the Name
Change. Stockholders of record at the close of business on September 5, 2017, are entitled to notice of this stockholder action
by written consent. Because this action has been approved by the holders of the required majority of the voting power of our voting
stock, no proxies were or are being solicited. The Name Change will not be effected until at least 20 calendar days after the
mailing of the Information Statement accompanying this Notice. We will mail the Notice of Stockholder Action by Written Consent
to the Stockholders on or about October 2, 2017. We anticipate that the Name Change will become effective on or about October
26, 2017, at such time as a certificate of amendment to our Articles of Incorporation is filed with the Secretary of State of
Nevada.
Attached hereto for your review
is an Information Statement relating to the above-described action. Please read this Information Statement carefully. It describes
the essential terms of the action to be taken. Additional information about the Company is contained in its reports filed with
or furnished to the Securities and Exchange Commission (the “SEC”). These reports, their accompanying exhibits and
other documents filed with the SEC may be inspected without charge at the Public Reference Section of the SEC at 100 F Street,
N.E., Washington, D.C. 20549. Copies of such material may also be obtained from the SEC at prescribed rates. The SEC also maintains
a website that contains reports, proxy and information statements and other information regarding public companies that file reports
with the SEC. Copies of these reports may be obtained on the SEC’s website at www.sec.gov.
WE ARE NOT ASKING YOU FOR A PROXY
AND YOU ARE REQUESTED NOT TO SEND A PROXY.
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By Order of the Board of Directors,
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/s/ Randall Letcavage
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Chief Executive Officer
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Tustin, California
September 21, 2017
INTRODUCTION
Nevada law 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. Nevada
law, 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 a
company.
In accordance with the foregoing,
we will mail the Notice of Stockholder Action by Written Consent on or about October 2, 2017.
This Information Statement contains
a brief summary of the material aspects of the Name Change approved by the Board of Legacy Ventures International, Inc. (the “
Company
,”
“
we
,” “
our
,” or “
us
”) and the Majority Stockholders.
ACTION TO BE TAKEN
SUMMARY
The Name Change will become effective
on the date that we file the Certificate of Amendment to the Articles of Incorporation of the Company (the “
Amendment
”)
with the Secretary of State of the State of Nevada. We intend to file the Amendment with the Secretary of State of the State of
Delaware promptly after the twentieth (20
th
) day following the date on which this Information Statement is mailed to
the Stockholders.
Notwithstanding the foregoing, we
must first notify FINRA of the intended Name Change by filing the Issuer Company Related Action Notification Form no later than
ten (10) days prior to the anticipated record date of such action. Our failure to provide such notice may constitute fraud under
Section 10 of the Exchange Act. In connection with the Name Change, we will request a new ticker symbol, but such request will
not be processed until sixty (60) days after FINRA has announced the Name Change to the market.
We currently expect to file the
Amendment on or about October 26, 2017.
REASONS
We believe that changing the name
of the Company to Nexalin Technology, Inc. will more accurately reflect and represent to the public the business of the Company.
In connection with the name change, we intend to file with FINRA a request to obtain a new ticker symbol. Our request for a new
ticker symbol, however, will not be processed until sixty (60) days after FINRA has announced our Name Change to the market.
WHEN THE NAME WILL GO INTO EFFECT
Prior to filing the amendment to
the Articles of Incorporation reflecting the Name Change, we must first notify FINRA by filing the Issuer Company Related Action
Notification Form no later than ten (10) days prior to the anticipated record date of the Name Change. Our failure to provide such
notice may constitute fraud under Section 10 of the Exchange Act.
VOTING SECURITIES AND PRINCIPAL
HOLDERS THEREOF
The voting power of the Company
is vested in its common stock, with one vote per share. At the Record Date, 315,064 shares of common stock were
outstanding.
Set forth below is information concerning
the ownership as of the Record Date of the common stock of the Company by the persons who were the sole shareholders to sign the
shareholders’ written consent.
Name and Address of Beneficial Owner
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Beneficial
Ownership
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%
of
class (1)
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Randall Letcavage (2)
Chairman/CEO/CFO
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286,720
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91.1
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%
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Total
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286,720
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91.1
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%
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(1)
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Based on 315,064 shares of common stock issued and outstanding.
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(2)
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Mr. Letcavage is the Chief Executive Officer and Chairman of the Company. Mr. Letcavage’s address is 1382 Valencia Ave., Suite F, Tustin, CA 92780.
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SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT
The following tables set forth certain
information regarding the beneficial ownership of our Common Stock as of September 5, 2017, of (i) each person known to us
to beneficially own more than 5% of Common Stock, (ii) our directors, (iii) each named executive officer and (iv) all directors
and named executive officers as a group. As of September 5, 2017, there were a total of 315,064 shares of Common Stock
issued and outstanding. Each share of Common Stock is entitled to one vote on matters on which holders of voting stock of the Company
are eligible to vote. The column entitled “Percentage of Outstanding Common Stock” shows the percentage of voting
common stock beneficially owned by each listed party.
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 September 5, 2017, 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.
Name and address of Beneficial Owner
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Number of
Shares of
Common Stock
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Percent
of
Class (1)
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Directors and Named Executive Officers:
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Randall Letcavage (2)
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286,720
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68.25
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%
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All officers and directors as a group:
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286,720
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68.25
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%
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5% or Greater Beneficial Owners
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None
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(1)
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Beneficial ownership is
calculated based on the 420,085 shares of Common Stock issued and outstanding as of September 5, 2017, together with securities
exercisable or convertible into shares of Common Stock within sixty (60) days of the Record Date hereof for each stockholder.
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(2)
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Mr. Letcavage is the Chief
Executive Officer and Chairman of the Company. Mr. Letcavage’s address is 1382 Valencia Ave., Suite F, Tustin, CA 92780.
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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.
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 1382 Valencia Ave., Suite F, Tustin, CA 92780, Attn: Randall Letcavage; telephone (949) 260-8070.
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 Name Change, 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
Dated: October 5, 2017
Randall Letcavage
Chairman of the Board of Directors
3
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