UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
U.S. RARE EARTHS, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.00001 PER SHARE
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(Title of Class of Securities)
19655K 10 3
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(CUSIP Number)
Kevin Cassidy
Logic International Consulting Group LLC
711 Fifth Avenue
16th Floor
New York, New York 10022
(646) 755-3376
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 7, 2013
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Date of Event Which Requires Filing of This Statement
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13D-1(e), 13D-1(f) or 13D-1(g), check the
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13D-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
________________________________________________________________________________
CUSIP NO. 19655K 10 3 PAGE 2
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kevin Cassidy
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ X ]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
________________________________________________________________________________
NUMBER OF 7 SOLE VOTING POWER 3,150,000 SHARES
____________________________________________________________
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 2,225,000 SHARES
____________________________________________________________
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 3,150,000 SHARES
____________________________________________________________
REPORTING
PERSON 10 SHARED DISPOSITIVE POWER 2,225,000 SHARES
____________________________________________________________
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,375,000 SHARES
________________________________________________________________________________
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.8%*
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
* As of October 7, 2013, the Issuer had 30,595,250 shares of Common Stock
outstanding based upon information provided in the Issuer's Schedule 14A
Preliminary Proxy Statement filed October 17, 2013.
SCHEDULE 13D
________________________________________________________________________________
CUSIP NO. 19655K 10 3 PAGE 3
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Logic International Consulting Group LLC
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ X ]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
________________________________________________________________________________
NUMBER OF 7 SOLE VOTING POWER 0 SHARES
____________________________________________________________
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 2,225,000 SHARES
____________________________________________________________
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 0 SHARES
____________________________________________________________
REPORTING
PERSON 10 SHARED DISPOSITIVE POWER 2,225,000 SHARES
____________________________________________________________
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,225,000 SHARES
________________________________________________________________________________
12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.9%*
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
* As of October 7, 2013, the Issuer had 30,595,250 shares of Common Stock
outstanding based upon information provided in the Issuer's Schedule 14A
Preliminary Proxy Statement filed October 17, 2013.
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 to Schedule 13D (the "Amendment") relating to shares
of common stock, par value $0.00001 per share (the "Common Stock"), of U. S.
Rare Earths, Inc. (the "Issuer"), a Nevada corporation, amends and supplements
the Schedule 13D originally filed with the Securities and Exchange Commission
(the "Commission") on April 30, 2012 (the "Original 13D"). All capitalized terms
contained herein but not otherwise defined shall have the meanings ascribed to
such terms in the Original 13D.
This Amendment is being filed by Kevin Cassidy ("Cassidy")and Logic
International Consulting Group LLC ("Logic" and together with Cassidy the
"Reporting Persons").
The Reporting Persons are filing this Amendment in connection with the
acquisition of Common Stock of the Issuer as of October 7, 2013.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) As of October 17, 2013, Cassidy beneficially owned an aggregate
5,375,000 shares of Common Stock or 16.8% of the total Common Stock issued and
outstanding based on 30,595,250 shares of Common Stock outstanding as of October
7, 2013 as per the information provided in the Issuer's Schedule 14A Preliminary
Proxy Statement filed October 17, 2013. 1,425,000 of the 5,375,000 shares of
Common Stock are issuable upon exercise of a warrant.
(b) As of October 17, 2013, Cassidy had sole voting power and sole
dispositive power with respect to 3,150,000 shares of Common Stock and shared
voting power and shared dispositive power with respect to 2,225,000 shares of
Common Stock. As of October 17, 2013, Logic had shared voting power and shared
dispositive power with respect to 2,225,000 shares of Common Stock.
(c) On October 7, 2013, the Issuer issued 3,000,000 shares of Common Stock
to Cassidy upon conversion of accrued consulting fees of $3,000,000 pursuant to
a Settlement Agreement and General Release entered into on March 27, 2013.
(d) Not applicable.
(e) Not applicable.
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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.
Dated: October 17, 2013
Kevin Cassidy
By: /s/ Kevin Cassidy
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Name: Kevin Cassidy
Investor
Logic International Consulting Group LLC
By: /s/ Kevin Cassidy
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Name: Kevin Cassidy
Managing Member
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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