Filing Details

Accession Number:
0001393905-18-000011
Form Type:
13D Filing
Publication Date:
2018-01-09 18:30:50
Filed By:
Mellon James
Company:
Portage Biotech Inc.
Filing Date:
2018-01-10
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
James Mellon 45,973,688 9 45,973,688 11 45,973,688 16%
Filing


SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


SCHEDULE 13D

(Rule 13d-101)


INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(a)


Portage Biotech Inc.

 


Ordinary Shares, No Par Value

(Title of Class of Securities)


G7185A102

(CUSIP Number)


Andrew D. Hudders, Esq.

Golenbock Eiseman Assor Bell & Peskoe LLP,

711 Third Avenue, 17th Floor, New York, New York 10017

(212-907-7300)

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

January 8, 2018

(Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  [  ].


Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See 240.13d-7(b) for other parties to whom copies are to be sent.


*The remainder of this cover page shall be filled out for a reporting persons 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).














SCHEDULE 13D


CUSIP No.

G7185A102


1

NAMES OF REPORTING PERSONS

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

James Mellon

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  [   ]

(b)  [   ]

3

SEC USE ONLY

 

4

SOURCE OF FUNDS (See Instructions)

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

                                                                  [   ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

British

NUMBER OF


SHARES


BENEFICIALLY


OWNED BY


EACH


REPORTING


PERSON


WITH

7

SOLE VOTING POWER

45,973,688

8

SHARED VOTING POWER

 

9

SOLE DISPOSITIVE POWER

45,973,688

10

SHARED DISPOSITIVE POWER

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

45,973,688

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

   [   ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

16%

14

TYPE OF REPORTING PERSON (See Instructions)

IN














Item 1. Security and Issuer


The class of equity securities to which this Schedule 13D (Schedule 13D) relates is the ordinary shares (Common Stock) of Portage Biotech Inc., a company organized under the laws of the British Virgin Islands (Issuer).  The principal executive office of the Issuer is 7 Avenue Road, Suite 200, Toronto, Ontario, Canada, M5R 2G3.


Item 2. Identity and Background


(a)

This Schedule 13D is being filed by James Mellon (the Reporting Person)


(b)

The Reporting Persons business address is Viking House, Nelson Street, Douglas, Isle of Man  1M1 2AH.


(c)

The Reporting Person principal occupation is a company director, and his principle place of business is 45 Ocean Crest Way, Unit 1032, Palm Coast Florida 32137.


(d)

During the past five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) under United States law.


(e)

During the past five years, the Reporting Person has not been a party to a civil proceeding under United States law of a judicial or administrative body of competent jurisdiction or as a result of such a proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, United States federal or state securities laws or finding any violation with respect to such laws.


(f)

The Reporting Person is a citizen of the Isle of Man.


Item 3. Source and Amount of Funds or Other Considerations


The securities were acquired by the Reporting Person through the use of personal funds and provisions of services.


Item 4. Purpose of Transaction


The securities were acquired for investment purposes. The Reporting Person intends to review his investment in the Issuer on a continuing basis and will routinely monitor a wide variety of investment considerations, including, without limitation, current and anticipated future trading prices for the Common Stock, the Issuers financial position, operations, assets, prospects, strategic direction and business and other developments affecting the Issuer.  The Reporting Person may from time to time take such actions with respect to his investment in the Issuer as he deems appropriate, including, without limitation, (i) acquiring additional shares or disposing of some or all of his shares of Common Stock (or other securities of the Issuer), including exercising of outstanding options; (ii) changing his current intentions with respect to any or all matters referred to in this Item 4; and/or (iii) engaging in hedging, derivative or similar transactions with respect to any securities of the Issuer. Any acquisition or disposition of the Issuers securities may be made by means of open-market purchases or dispositions, privately negotiated transactions, of direct acquisitions from or dispositions to the Issuer.


At the date of this Schedule 13D, except as set forth in this Schedule 13D and publicly announced by the Issuer, the Reporting Person does not have any plans or proposals which would result in:


(a)

The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

 

(b)

An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;







(c)

A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;


(d)

Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or fill any existing vacancies on the board;


(e)

Any material change in the present capitalization or dividend policy of the Issuer;


(f)

Any other material change in the Issuers business or corporate structure;


(g)

Changes in the Issuers charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;


(h)

Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;


(i)

A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1940; or


(j)

Any action similar to any of those actions enumerated above.


Item 5. Interest in Securities of the Issuer


(a)

The Reporting Person beneficially owns an aggregate of 45,973,688 shares of Common Stock representing an aggregate of 16% of the Issuers Common Stock on a beneficial basis, based on 280,719,920 shares outstanding.


(b)

The Reporting Person has the sole power to vote and to dispose of the 45,973,688 shares of Common Stock.


(c)

The Reporting Person has made no purchases of the Common Stock within the 60 days preceding this report.


(d)

Not applicable


(e)

Not applicable.


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


Not applicable.


Item 7. Material to Be Filed as Exhibits


Not applicable.













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 as of: January 8, 2018

 

 

/s/ James Mellon

 

James Mellon