Filing Details

 

CUSIP No. 66704D101

1.	Names of Reporting Persons   Bradley Chislett
2.	Check the Appropriate Box if a Member of a Group   (a)     [  ] (b)    [X]
3.	Sec Use Only
4.	Source of Funds     PF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   [  ]
6.	Citizenship or Place of Organization    Canada
			7.	Sole Voting Power   35,526,316
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
			8.	Shared Voting Power   0
			9.	Sole Dispositive Power   35,526,316
			10.	Shared Dispositive Power   0
11.		Aggregate Amount Beneficially Owned by Each Reporting Person   35,526,316
12.		Check if the Aggregate Amount in Row (11) Excludes Certain Shares     [  ]
13.		Percent of Class Represented by Amount in Row (11)       25.4 %
14.		Type of Reporting Person (See Instructions)   IN

 

 

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Item 1. Security and Issuer

 

This statement relates to the shares of common stock, par value $0.0001 per share (the "Common Stock"), of Northstar Electronics, Inc., a Delaware corporation (the "Issuer"). The principal executive office of the Issuer is located at 355 Burrard Street, Suite 1000, Vancouver, British Columbia, V6C 2G8, Canada.

 

Item 2. Identity and Background

 

(a)This statement is filed by Bradley Chislett (the "Reporting Person"). 

 

(b)The reporting person resides at 8 Lancaster Street, St. John's, Newfoundland, AlA 5P7 Canada. 

 

(c)Mr. Chislett is Vice President of Eagleridge Resources, a mining company having a principal address at P.O. Box 14068, Conception Bay South, Newfoundland, Al W 3Jl Canada. 

 

(d)The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). 

 

(e)The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. 

 

(f)The Reporting Person is a citizen of Canada. 

 

Item 3. Source and Amount of Funds or Other Consideration

 

The Reporting Person paid $225,000 in cash to acquire 23,684,211 shares of Common Stock and warrants to purchase 11,842,105 shares of Common Stock. The source of these funds was personal funds.

 

Item 4. Purpose of Transaction

 

The shares of Common Stock reported in this Schedule 13D have been purchased and held for investment in the ordinary course of business. The Reporting Person initially invested in the Issuer because he believed the stock represented an attractive and potentially profitable investment opportunity. Although the Reporting Person has no specific plan or proposal to acquire or dispose of the Common Stock, consistent with its investment purpose, the Reporting Person at any time and from time to time may acquire additional Common Stock or dispose of any or all of his Common Stock depending upon an ongoing evaluation of the investment in the Common Stock, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Person, and/or other investment considerations.

 

The purpose of the Reporting Persons' acquisition of Common Stock was (and is) investment. The acquisitions of the Common Stock were made in the ordinary course of business and was not made for the purpose of acquiring control of the Issuer.

 

The Reporting Person has no present plan or proposal that would relate to or result in any of the matters set forth in Item 4 of Schedule 13D.

 

 

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Item 5. Interest in Securities of the Issuer

 

(a)The aggregate number and percentage of shares of Common Stock to which this Schedule 13D relates is 35,526,316 shares of Common Stock, which includes currently exercisable warrants to purchase 11,842,105 shares of Common Stock at an exercise price of $0.05 per share. These shares of Common Stock beneficially owned by the Reporting Person constitute approximately 25.4% of the Issuer's currently outstanding Common Stock, as calculated in accordance with Rule 13d-3(d) under the Securities Exchange Act of 1933, as amended. The aggregate number and percentage of shares of Common Stock reported herein are based upon the 127,838,231 shares of Common Stock outstanding as of November 8,2019, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30,2019, filed with the Securities and Exchange Commission on November 8, 2019. 

 

(b)The Reporting Person has sole voting and dispositive power over the all of the shares of Common Stock beneficially owned by him. 

 

(c)The Reporting Person has not effected any transactions in the Common Stock in the past sixty days. 

 

(d)No person (other than the Reporting Persons) is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Stock. 

 

(e)Not applicable. 

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

The Reporting Person has no contracts, arrangements, understandings or relationships with any persons with respect to securities of the Issuer.

 

Item 7. Material to Be Filed as Exhibits

 

Not applicable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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: January 24, 2020	/s/ Bradley Chislett
	Bradley Chislett

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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