Filing Details

Accession Number:
0001393905-18-000008
Form Type:
13D Filing
Publication Date:
2018-01-09 11:08:47
Filed By:
Doogan Declan
Company:
Portage Biotech Inc.
Filing Date:
2018-01-09
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Dr. Declan Doogan 37,256,068 9 37,256,068 11 37,256,068 13%
Filing


SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


SCHEDULE 13D

Amendment No. 1

(Rule 13d-101)


INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(a)


Portage Biotech Inc.

 


Ordinary Shares, No Par Value

(Title of Class of Securities)


G7185A102

(CUSIP Number)


Andrew D. Hudders, Esq.

Golenbock Eiseman Assor Bell & Peskoe LLP,

711 third Avenue, 17th Floor, New York, New York 10017

(212-907-7300)

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

January 8, 2018

(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 240.13d-1(e), 240.13d-1(f) or 240.13d-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 240.13d-7(b) for other parties to whom copies are to be sent.


*The remainder of this cover page shall be filled out for a reporting persons 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.

G7185A102


1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Dr. Declan Doogan

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  [   ]

(b)  [   ]

3

SEC USE ONLY

 

4

SOURCE OF FUNDS (See Instructions)

 

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

                                                                  [   ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

U.S.A

NUMBER OF


SHARES


BENEFICIALLY


OWNED BY


EACH


REPORTING


PERSON


WITH

7

SOLE VOTING POWER

37,256,068

8

SHARED VOTING POWER

 

9

SOLE DISPOSITIVE POWER

37,256,068

10

SHARED DISPOSITIVE POWER

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

37,256,068

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

   [   ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

13%

14

TYPE OF REPORTING PERSON (See Instructions)

IN












Item 1. Security and Issuer


The class of equity securities to which this Statement of Schedule 13D (Schedule 13D) relates is the ordinary shares (Common Stock) of Portage Biotech Inc., a company organized under the laws of the British Virgin Islands (Issuer).  The principal executive office of the Issuer is 7 Avenue Road, Suite 200, Toronto, Ontario, Canada, M5R 2G3.


Item 2. Identity and Background


No Change.


Item 3. Source and Amount of Funds or Other Considerations


The securities were acquired by the Reporting Person through the use of personal funds and provisions of services.


Item 4. Purpose of Transaction


No Change.


Item 5. Interest in Securities of the Issuer


(a)

The Reporting Person beneficially owns an aggregate of 37,256,068 shares of Common Stock, representing an aggregate of 13% of the Issuers Common Stock on a beneficial basis, based on 280,719,920 shares outstanding.


(b)

The Reporting Person has the sole power to vote and to dispose of the 37,256,068 shares of Common Stock.


(c)

The Reporting Person has acquired 6,345,068 shares of Common Stock during the 60 days preceding the date of this Amendment to the Schedule 13D, as follows:


Date

Number of

Shares

Price

Explanation

 

 

 

 

January 2, 2018

245,000

N/A

Provision of services


In addition to the acquisition of shares reported above in the table, the Reporting Person exercised options for 6,100,000 shares of Common Stock previously reported as beneficially owned, which are now owed directly.


(d)

Not applicable


(e)

Not applicable.


Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer


Not applicable.


Item 7. Material to Be Filed as Exhibits


Not applicable.








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 as of: January 8, 2018

 

 

/s/ Dr. Declan Doogan

 

Dr. Declan Doogan