Item 1. Security and Issuer
This Schedule 13D relates to shares of the common stock, par value $0.0001 per share, of Continental Resources Group, Inc., a Delaware corporation (the "Company"). The address of the principal executive office of the Company is 3266 W. Galveston Drive, #101, Apache Junction, Arizona 85120.
Item 2. Identity and Background
| (a) | This statement is being filed by Barry Honig (the “Reporting Person”). |
| (b) | The Reporting Person’s principal business address is 4400 Biscayne Boulevard, Miami, Florida 33137. |
| (d) | During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | During the last five years, the Reporting Person has not 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 violations with respect to such laws. |
| (f) | United States of America |
Item 3. Source and Amount of Funds or Other Consideration
All shares were purchased with the Reporting Person’s personal funds or with investment funds in the entities controlled by the Reporting Person.
Item 4. Purpose of Transaction
All of the Issuer’s securities owned by Barry Honig have been acquired for investment purposes only. Except as set forth above, Mr. Honig has no present plans or proposals that relate to or would result in any of the actions required to be described in subsections (a) through (j) of Item 4 of Schedule 13D. Mr. Honig may, at any time, review or reconsider his position with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but has no present intention of doing so.
Item 5. Interest in Securities of the Issuer
(a) | As of the date hereof, the Reporting Person beneficially owns 10,206,026 shares of the Issuer’s common stock, which represents approximately 10.7% of the Issuer’s common stock. |
(b) | The Reporting Person may be deemed to hold sole voting and dispositive power over 10,206,026 shares of common stock of the Issuer. |
(c) | On October 19, 2012, the Reporting Person purchased 185,000 shares in an open market transaction for $0.253 per share. On October 24, 2012, the Reporting Person purchased 89,300 shares in an open market transaction for $0.2546 per share. |
(d) | To the best knowledge of the Reporting Person, no person other than the Reporting Person has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the 10,206,026 shares of common stock reported in Item 5(a). |
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The Reporting Person is a member of the board of directors of the Issuer’s minority-owned subsidiary, Pershing Gold Corporation (“Pershing Gold”, f/k/a Sagebrush Gold Ltd., OTCBB: PGLC), a publicly traded Nevada corporation. The Reporting Person beneficially owns 20,094,814 shares of Pershing Gold, representing approximately 7.4% of the issued and outstanding shares of Pershing Gold.
Item 7. Material to Be Filed as Exhibits
None.
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.
| BARRY HONIG | |
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| /s/ Barry Honig | |
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October 25, 2012 | | | |