Sec Form 5 Filing - King Chan Tsz @ FORMATION MINERALS, INC. - 2024-04-30

Insider filing report for Changes in Beneficial Ownership
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FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
King Chan Tsz
2. Issuer Name and Ticker or Trading Symbol
FORMATION MINERALS, INC. [ FOMI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
12 C BLOCK 1
3. Date of Earliest Transaction (MM/DD/YY)
04/30/2024
(Street)
THE LEIGHTON HAPPY VALLEY, K300000
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/15/2022 A 8,800,000 ( 1 ) A $ 0 10,881,000 D
Common Stock 05/19/2023 P 1,228,000 ( 2 ) A $ 0.1 3,758,000 I ( 3 ) Horizon Fund Private Limited
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
King Chan Tsz
12 C BLOCK 1
THE LEIGHTON HAPPY VALLEY, K300000
X
Signatures
/s/ Tsz King Chan 08/02/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person was awarded 8,800,000 shares of common stock, par value $0.01 per share ("Common Stock"), of SensaSure Technologies, Inc., now known as Formation Minerals, Inc. (the "Issuer"), for his service as president and a director of the Issuer, which were subject to vesting. Upon Mr. Chan's resignation as president and director of the Issuer on December 15, 2023, such shares of Common Stock were accelerated to become fully vested.
( 2 )Horizon Fund Private Limited ("Horizon") purchased 1,228,000 shares of Common Stock from a private seller for $0.1 per share.
( 3 )The Reporting Person serves as the sole director, officer and beneficial owner of Horizon and, accordingly, the Reporting Person may also be deemed to beneficially own the shares of Common Stock held directly by Horizon. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Horizon except to the extent of the Reporting Person's pecuniary interest therein.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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