13G Filing: Lg Capital Funding, Llc and Freeseas Inc (NASDAQ:FREE)

CUSIP No. Y26496227

13G

1.

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

LG CAPITAL FUNDING, LLC
46-1906523

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)          .
(b)      X .

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

New York

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.

SOLE VOTING POWER
262,271*

6.

SHARED VOTING POWER
0

7.

SOLE DISPOSITIVE POWER
262,271*

8.

SHARED DISPOSITIVE POWER
0

*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of a security.

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
262,271*

*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of a security.

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)          .

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.883% (based on the total of [2,653,644] outstanding shares of Common Stock)

12.

TYPE OF REPORTING PERSON (see instructions)
OO