Sec Form 5 Filing - Trainor John Damien @ FORMATION MINERALS, INC. - 2023-04-30

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
Trainor John Damien
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)
SPRINGCROFT, DELL RD, WOKINGHAM
3. Date of Earliest Transaction (MM/DD/YY)
04/30/2023
(Street)
BERKSHIRE, X0RG403TB
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 12/17/2022 D 56,821,000 D ( 1 ) 5,380,000 D
Common Stock 7,722,209 D ( 2 )
Common Stock 7,722,209 I ( 3 ) By Connell Trainor ( 3 )
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
Class A Preferred Stock ( 4 ) 01/07/2022 D( 5 ) 23,871 ( 4 ) ( 4 ) Common Stock 23,871,000 ( 4 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Trainor John Damien
SPRINGCROFT, DELL RD
WOKINGHAM
BERKSHIRE, X0RG403TB
X
Signatures
/s/ John Trainor 08/16/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares of common stock, par value $0.01 per share ("Common Stock") of SensaSure Technologies, Inc., now known as Formation Minerals, Inc. (the "Issuer"), which were cancelled for no consideration upon the Reporting Person's resignation as chief executive officer and chairman of the board of directors of the Issuer, effective as of December 17, 2022.
( 2 )The Reporting Person owns these shares jointly with his spouse and has the sole voting and dispositive power over these shares and as such may be deemed to beneficially own such shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
( 3 )The Reporting Person has shared voting and dispositive power over the shares of Common Stock held directly by Connell Trainor and as such may be deemed to beneficially own such shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
( 4 )These shares of class A preferred stock, par value $0.001 per share of the Issuer ("Class A Preferred Stock") were granted to the Reporting Person as compensation for his services as chief executive officer and chairman of the board of directors of the Issuer. Shares of Class A Preferred Stock have a conversion rate of 1 to 1,000 shares of Common Stock, at a price of $0.07 per share, and such conversion can occur subject to various performance condition, service conditions and lock up period that will vary for each of the issuances.
( 5 )The Reporting Person resigned from his positions of chief executive officer and chairman of the board of directors of the Issuer on December 17, 2022 and in connection therewith these shares were cancelled for no consideration upon such resignation.

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).
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