Sze Tang - Apr 30, 2024 Form 4 Insider Report for FORMATION MINERALS, INC. (FOMI)

Role: 10%+ Owner
Signature: /s/ Sze Tang (Albert) Li
Stock symbol: FOMI
Transactions as of: Apr 30, 2024
Transactions value $: $231,100
Form type: 4
Date filed: 9/23/2024, 09:25 AM
Previous filing: Sep 23, 2024
Next filing: Oct 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FOMI	Common Stock	Award	$231K	+23.1M	+612.35%	$0.01	26.9M	May 9, 2024	Direct	F1
holding	FOMI	Common Stock						500K	Apr 30, 2024	Affluence Asset Holdings PTE. Ltd.	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 11, 2023 and amended as of February 8, 2024, by and between Verde Bio Holdings, Inc., a Nevada corporation, SensaSure Technologies Inc. (now known as Formation Minerals, Inc., the "Issuer"), a Nevada corporation, and Formation Minerals, Inc., a Nevada corporation and a direct, wholly owned subsidiary of the Issuer, the Reporting Person received 23,110,000 shares of common stock, par value $0.01 per share ("Common Stock") of the Issuer, for his services as an advisor for the transactions contemplated in the Merger Agreement.
F2	The Reporting Person serves as the sole director, officer and beneficial owner of Affluence Asset Holdings PTE. Ltd. ("Affluence") and, accordingly, the Reporting Person may also be deemed to beneficially own the shares of Common Stock held directly by Affluence. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Affluence except to the extent of the Reporting Person's pecuniary interest therein.

Content

Pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 11, 2023 and amended as of February 8, 2024, by and between Verde Bio Holdings, Inc., a Nevada corporation, SensaSure Technologies Inc. (now known as Formation Minerals, Inc., the "Issuer"), a Nevada corporation, and Formation Minerals, Inc., a Nevada corporation and a direct, wholly owned subsidiary of the Issuer, the Reporting Person received 23,110,000 shares of common stock, par value $0.01 per share ("Common Stock") of the Issuer, for his services as an advisor for the transactions contemplated in the Merger Agreement.

The Reporting Person serves as the sole director, officer and beneficial owner of Affluence Asset Holdings PTE. Ltd. ("Affluence") and, accordingly, the Reporting Person may also be deemed to beneficially own the shares of Common Stock held directly by Affluence. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Affluence except to the extent of the Reporting Person's pecuniary interest therein.