This Amendment No. 3 to Schedule 13D (this “Amendment No. 3”) relates to the common stock, par value $0.001 per share (the “Common Stock”), of Sara Creek Gold Corp., a Nevada corporation (the “Issuer”), and amends the Schedule 13D filed on behalf of Matthew F. Hagen (“Hagen”) and Manhattan Holdings, LLC, a Delaware limited liability company (“Manhattan Holdings” and collectively with Hagen, the “Reporting Persons”), on October 31, 2013 (the “Original Schedule 13D” and, together with Amendment No. 1 to Schedule 13D, dated November 4, 2013, Amendment No. 2 to Schedule 13D, dated January 17, 2014 and this Amendment No. 3, the “Schedule 13D”). Capitalized terms used and not defined in this Amendment No. 3 have the meanings set forth in the Original Schedule 13D.
This Amendment No. 3 is being filed to amend Item 1, Item 3, Item 4, Item 5 and Item 6 of the Schedule 13D as follows:
Item 1. | Security and Issuer. |
Item 1 of the Schedule 13D is amended and restated in its entirety to read as follows:
This Schedule 13D is related to shares of Common Stock of the Issuer. The principal executive offices of the Issuer are located at 326 S. Pacific Coast Highway, Redondo Beach, California 90277.
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 of the Schedule 13D is amended and restated in its entirety to read as follows:
6,000,000 shares of Common Stock were acquired by the Reporting Persons on October 31, 2013 in consideration for the sale of all of the Reporting Persons’ membership interest in and to SCNRG, LLC, a California limited liability company (“SCNRG”), to the Issuer, pursuant to the terms of that certain Agreement and Plan of Reorganization, dated October 31, 2013 (the “Plan of Reorganization”), between SCNRG, Darren Katic (“Katic”), Gerald Tywoniuk (“Tywoniuk”), Manhattan Holdings and the Issuer.
On January 10, 2014, the Reporting Persons purchased 900,000 “Units” for a purchase price of $90,000 in connection with a private placement conducted by the Issuer (the “Unit Private Placement”), with each Unit compromised of one share of Common Stock and a warrant to acquire an additional one-half share of Common Stock at an exercise price of $.20 per share (the “January Private Placement Warrants”). As a result of the Reporting Persons’ January 10, 2014 purchase of Units, the Reporting Persons acquired 900,000 shares of Common Stock and warrants to acquire an additional 450,000 shares of Common Stock.
On April 9, 2014, the Reporting Persons acquired 388,660 Units in connection with the Unit Private Placement in consideration of cancellation of $38,866 in debt owing to the Reporting Persons from SCNRG. As a result of their April 9, 2014 purchase of Units, the Reporting Persons acquired 388,660 shares of Common Stock and warrants to acquire an additional 194,330 shares of Common Stock (the “April Private Placement Warrants” and together with the January Private Placement Warrants, the “Private Placement Warrants”).
Item 4. | Purpose of Transaction. |
Item 4 of the Schedule 13D is amended and restated in its entirety to read as follows: