SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934
Check the appropriate box:
þ Preliminary Information Statement
¨ Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)2))
¨ Definitive Information Statement
Mobetize Corp.
(Name of Registrant as Specified in Charter)
Payment of Filing Fee (Check the appropriate box):
þ No fee required
¨ Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11
1.
Title of each class of securities to which transaction applies:
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2.
Aggregate number of securities to which transaction applies:
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3.
Per unit price or other underlying value of transaction, computed pursuant to Exchange Act Rule
O-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
………………………………………………………………………………………
4.
Proposed maximum aggregate value of transaction:
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5.
Total fee paid:
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¨ Fee paid previously with preliminary materials.
¨ Check box if any part of the fee is offset as provided by Exchange Act Rule O-11(a)(2) and identify the
filing for which the offsetting fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
1.
Amount Previously Paid:
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2.
Form Schedule or Registration Statement No.:
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3.
Filing Party:
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4.
Date Filed:
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SCHEDULE 14C INFORMATION STATEMENT
Pursuant to Regulation 14C of the Securities Exchange Act
of 1934, as amended
Mobetize Corp.
8105 Birch Bay Square St., Suite 205
Blaine, WA, USA 98230
WE ARE NOT ASKING YOU FOR A PROXY AND
YOU ARE REQUESTED NOT TO SEND US A PROXY
To the Stockholders of Mobetize Corp.:
Notice is hereby given to holders of common stock (the “Common Stock”) of Mobetize Corp., a Nevada
corporation, that the Board of Directors of our company and those shareholders holding a majority of our
issued and outstanding common shares have approved an amendment (the “Amendment”) to our Articles
of Incorporation (the “Articles”) to effectively create a new class of 250,000,000 Preferred Shares in the
authorized capital stock of our company (the “Preferred Shares”).
Our Board of Directors unanimously approved the Amendment to our Articles on December 20, 2015.
Subsequent to our Board of Directors’ approval of the Amendment, the holders of the majority of the
outstanding common shares of our company gave us their written consent to the Amendment to our
Articles on December 22, 2015. Therefore, following the expiration of the twenty-day (20) period
mandated by Rule 14c and the provisions of Chapter 78 of the Nevada Revised Statutes, our company
will file Articles of Amendment to amend our Articles to give effect to the Amendment. We will not file
the Articles of Amendment to our Articles until at least twenty (20) days after the filing and mailing of
this Information Statement.
The proposed Articles of Amendment to our Articles are attached hereto as Schedule A. The Articles of
Amendment will become effective when filed with the Nevada Secretary of State. We anticipate that such
filing will occur twenty (20) days after this Information Statement is first mailed to our shareholders.
The entire cost of furnishing this Information Statement will be borne by our company. We will request
brokerage houses, nominees, custodians, fiduciaries and other like parties to forward this Information
Statement to the beneficial owners of our Common Stock held of record by them.
Our Board of Directors fixed the close of business on December 22, 2015, as the record date for the
determination of shareholders who are entitled to receive this Information Statement. There were
33,261,154 shares of our Common Stock issued and outstanding on December 22, 2015. We anticipate
that this Information Statement will be mailed on or about January 4, 2015, to all shareholders of record
as of the record date.
PLEASE NOTE THAT THIS IS NOT A REQUEST FOR YOUR VOTE OR A PROXY STATEMENT,
BUT RATHER AN INFORMATION STATEMENT DESIGNED TO INFORM YOU OF THE
AMENDMENTS TO OUR ARTICLES OF INCORPORATION.
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WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US
A PROXY.
PLEASE NOTE THAT THIS IS NOT AN OFFER TO PURCHASE YOUR SHARES.
INTEREST OF CERTAIN PERSONS IN OR OPPOSITION TO MATTERS TO BE ACTED
UPON
Except as disclosed elsewhere in this Information Statement, since March 31, 2015, being the period end
date of our last completed financial year, none of the following persons has had any substantial interest,
direct or indirect, by security holdings or otherwise in any matter to be acted upon:
1.
any director or officer of our company;
2.
any proposed nominee for election as a director of our company; and
3.
any associate or affiliate of any of the foregoing persons.
The shareholdings of our directors and officers are listed below in the section entitled “Principal
Shareholders and Security Ownership of Management”. The Amendment was approved unanimously by
our Board of Directors, all of whom voted in favor of this action in accordance with their respective
registered shareholdings in the company.
PRINCIPAL SHAREHOLDERS AND SECURITY OWNERSHIP OF MANAGEMENT
Beneficial Ownership
As used in this section, the term “beneficial ownership” with respect to a security is defined by
Regulation 228.403 under the Securities Exchange Act of 1934, as amended, as consisting of: (1) any
person who, directly or indirectly, through any contract, arrangement, understanding, relationship or
otherwise has or shares voting power (which includes the power to vote, or to direct the voting of such
security) or investment power (which includes the power to dispose, or to direct the disposition of, such
security); and (2) any person who, directly or indirectly, creates or uses a trust, proxy, power of attorney,
pooling arrangement or any other contract, arrangement or device with the purpose or effect of divesting
such person of beneficial ownership of a security or preventing the vesting of such beneficial ownership.
Each person has sole voting and investment power with respect to the common shares, except as
otherwise indicated. Beneficial ownership consists of a direct interest in the common shares, except as
otherwise indicated.
As of the record date, December 22, 2015, the company had a total of 33,261,154 shares of Common
Stock ($0.001 par value per share) issued and outstanding.
The following table sets forth, as of December 22, 2015, certain information with respect to the beneficial
ownership of our Common Stock by each stockholder known by us to be the beneficial owner of more
than 5% of our Common Stock and by each of our current directors and executive officers. Each person
has sole voting and investment power with respect to the shares of Common Stock, except as otherwise
indicated. Beneficial ownership consists of a direct interest in the shares of Common Stock, except as
otherwise indicated.
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Name and Address of Beneficial
Amount and Nature of
Owner
Beneficial Ownership (1)
Percentage of Class (2)
Stephen Fowler
10,231,000 Common Shares
51 Bay View Drive
(3)(4)(5)(6)
30.8%
Point Roberts, WA 98281
Direct and Indirect
Ajay Hans
1018 Cornwall Street
8,646,481(7)(8)
New Westminster, BC V3M 1S2
Direct and Indirect
26.0%
Canada
Donald Duberstein
10 Beverly Road
820,000(9)(10)
Purchase, NY 10577
Direct and Indirect
2.5%
Malek Ladki
59 Kilbarry Crescent
300,000
Ottawa, ON K1K 0H2
Direct
0.9%
Canada
Directors and Executive Officers
Common Shares
60.2%
as a Group
5%+ Shareholders
CAT Brokerage AG
Gutenbergstrasse 10
1,678,000
Zurich, CH-8027
Direct
5.04%
Switzerland
(1) Beneficial Ownership is determined in accordance with the rules of the SEC and generally includes voting
or investment power with respect to securities. Each of the beneficial owners listed above has direct
ownership and sole voting power and investment power with respect to the shares of our Common Stock.
(2) Based on 33,261,154 shares issued and outstanding as of December 22, 2015.
(3) Stephen Fowler directly holds 6,851,000 shares in Mobetize Corp.
(4) Forte Finance LLC, a corporation registered under the laws of Washington, directly holds approximately
0.02% of the issued and outstanding common shares of Mobetize Corp. Further, Stephen Fowler directly
holds 100% of the issued and outstanding common shares of Forte Finance LLC. As a result of this
shareholding, Mr. Fowler indirectly directs an additional 75,000 shares in Mobetize Corp. through Forte
Finance LLC’s holdings of shares in Mobetize Corp.
(5) Forte Finance Limited (“Forte Finance”), a corporation registered under the laws of Malta, directly holds
approximately 7.8% of the issued and outstanding common shares of Mobetize Corp. Further, Stephen
Fowler directly holds approximately 98% of the issued and outstanding common shares of Forte Finance.
As a result of Mr. Fowler’s shareholdings in Forte Finance, Mr. Fowler indirectly directs an additional
2,605,000 shares in Mobetize Corp. through Forte Finance’s holdings in Mobetize Corp.
(6) Stephen Fowler indirectly directs 700,000 shares in Mobetize Corp., of which 540,000 shares are held
directly by his wife and 160,000 shares are held in trust for direct family members.
(7) Ajay Hans directly holds approximately 13.72% or 4,565,000 of the issued and outstanding common shares
of Mobetize Corp.
(8) Alligato Inc. (“Alligato”), a corporation registered under the laws of British Columbia, directly holds
approximately 12.27% of the issued and outstanding common shares of Mobetize Corp. Further, Ajay Hans
directly holds approximately 87.7% of the issued and outstanding common shares of Alligato. As a result
of Mr. Hans’ shareholdings in Alligato, Mr. Hans indirectly directs an additional 4,081,481 shares in
Mobetize Corp.
(9) Donald Duberstein directly holds approximately 2.2% or 726,667 of the issued and outstanding common
shares of Mobetize Corp.
(10) Donald Duberstein indirectly directs approximately 0.3% or 93,333 of the issued and outstanding common
shares of Mobetize Corp. through the ownership of shares by a direct family member.
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AMENDMENT TO OUR CORPORATION’S ARTICLES
Our Amended Articles of Incorporation (the “Articles”) currently authorize the issuance of 525,000,000
shares of Common Stock. On December 20, 2015, our board of directors unanimously approved, subject
to receiving the approval of a majority of the shareholders of our Common Stock, an amendment to our
Articles to change our authorized share capital to include a new class of 250,000,000 shares of preferred
stock, $0.001 par value (the “Preferred Stock”).
The Preferred Stock shall, to the fullest extent permitted by the laws of the state of Nevada (currently set
forth in NRS 78.195 and 78.1955), as the same now exists or may hereafter be amended or supplemented,
permit the Board of Directors to fix and determine the designations, rights, preferences or other variations
of each class or series within each class of Preferred Stock and to issue Preferred Stock for such
consideration as may be fixed by the Board of Directors..
The general purpose and effect of the Amendment to our company’s Articles is to diversify our
authorized share capital to enhance our company’s ability to finance the development and operation of
our business.Our board of directors approved the Amendment to the Articles so that Preferred Shares
would be available for issuance for general corporate purposes, including financing activities, without the
requirement of further action by our shareholders. Potential uses of the Preferred Shares could include
public or private offerings, conversions of convertible securities, issuance of options pursuant to
employee benefit plans, acquisition transactions and other general corporate purposes. The Preferred
Shares will give us greater flexibility and allow us to issue Preferred Shares, in most cases, without the
expense or delay associated with seeking shareholder approval.
The company does not currently have any agreements for any transaction that would require the issuance
of Preferred Shares.
The Amendment to our Articles will not have any immediate effect on the rights of existing shareholders.
However, our Board of Directors will have the authority to issue Preferred Shares without requiring future
shareholder approval of such issuances, except as may be required by applicable law or exchange
regulations. To the extent that Preferred Shares are issued in the future, same might decrease the
percentage equity ownership of existing shareholders and, depending upon the consideration for which
same are issued, could be dilutive to our existing shareholders.
The creation of the Preferred Shares and any future issuances of Preferred Shares could have the effect of
delaying or preventing a change in control of our company without further action by the shareholders.
Shares of authorized and unissued Common Stock and Preferred Shares could be issued (within limits
imposed by applicable law) in one or more transactions. Any such issuance of additional stock could
have the effect of diluting the earnings per share and book value per share of outstanding shares of our
common and if issued, Preferred Stock, and such additional shares could be used to dilute the stock
ownership or voting rights of a person seeking to obtain control of our company.
We do not have any provisions in our Articles, bylaws, or employment or credit agreements to which we
are party that have anti-takeover consequences. We do not currently have any plans to adopt anti-
takeover provisions or enter into any arrangements or understandings that would have anti-takeover
consequences. In certain circumstances, our management may issue additional shares to resist a third
party takeover transaction, even if such proposed takeover is offered at an above market premium and
favored by a majority of the company’s shareholders.
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Shareholder approval for the Amendment to our Articles was obtained pursuant to the written consent of
four shareholders owning 19,204,148 shares, which number represented 57.7% of our outstanding
Common Stock on December 22, 2015. The creation of the Preferred Shares will be effected no sooner
than twenty (20) days after this Information Statement is first mailed to shareholders of our Common
Stock and until the appropriate filings have been made with the Nevada Secretary of State.
DISSENTERS RIGHTS
Under Nevada law, shareholders of our Common Stock are not entitled to dissenter’s rights of appraisal
with respect to the Amendment to our Articles.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this
report to be signed by the undersigned hereunto authorized.
Mobetize Corp.
By:
Ajay Hans
Chief Executive Officer and Director
SCHEDULE A
ROSS MILLER
Secretary of State
204 North Carson Street, Ste 1
Carson City, Nevada 89701-4299
(775) 684 5708
Website: www.nvsos.gov
Certificate of Amendment
(PURSUANT TO NRS 78.385 AND 78.390)
USE BLACK INK ONLY - DO NOT HIGHLIGHT
ABOVE SPACE IS FOR OFFICE USE ONLY
Certificate of Amendment to Articles of Incorporation
For Nevada Profit Corporations
(Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock)
![[f14cpreliminarydraft003.gif]](https://capedge.com/proxy/PRE 14C/0001211524-15-000170/f14cpreliminarydraft003.gif)
1.Name of corporation:
Mobetize Corp.
![[f14cpreliminarydraft005.gif]](https://capedge.com/proxy/PRE 14C/0001211524-15-000170/f14cpreliminarydraft005.gif)
![[f14cpreliminarydraft007.gif]](https://capedge.com/proxy/PRE 14C/0001211524-15-000170/f14cpreliminarydraft007.gif)
2. The articles have been amended as follows: (provide article numbers, if available)
Article 3: The Capital Stock shall consist of 525,000,000 shares of common stock, $0.001 par value, all of
which stock shall be entitled to voting power, and 250,000,000 shares of preferred stock, $0.001 par
value. To the fullest extent permitted by the laws of the state of Nevada (currently set forth in NRS 78.195
and 78.1955), as the same now exists or may hereafter be amended or supplemented, the Board of
Directors may fix and determine the designations, rights, preferences or other variations of each class or
series within each class of preferred stock of the Corporation. The Corporation may issue shares of
Capital Stock for such consideration as may be fixed by the Board of Directors.
3. The vote by which the stockholders holding shares in the corporation entitling them to exercise a least
a majority of the voting power, or such greater proportion of the voting power as may be required in the
case of a vote by classes or series, or as may be required by the provisions of the articles of
incorporation* have voted in favor of the amendment is:
57.7%
4. Effective date of filing: (optional)
(must not be later than 90 days after the certificate is filed)
5. Signature: (required)
X
Signature of Officer
*If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, then
the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of
the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof.
IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.
This form must be accompanied by appropriate fees.
Nevada Secretary of State Amend Profit-After