Tsz King - Oct 4, 2024 Form 4 Insider Report for FORMATION MINERALS, INC. (FOMI)

Role: 10%+ Owner
Signature: /s/ Tsz King (Clarence) Chan
Stock symbol: FOMI
Transactions as of: Oct 4, 2024
Transactions value $: $14,650
Form type: 4
Date filed: 10/8/2024, 05:22 PM
Previous filing: Aug 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FOMI	Common Stock	Award	$14.7K	+366K	+9.75%	$0.04	4.12M	Oct 4, 2024	Horizon Fund Private Limited	F1, F2
holding	FOMI	Common Stock						10.9M	Oct 4, 2024	Direct

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

Explanation of Responses:

Id	Content
F1	SensaSure Technologies Inc., now known as Formation Minerals, Inc., a Nevada corporation (the "Issuer") previously received certain loans and advances from Horizon Private Fund Limited ("Horizon") in the amount of $14,650. Pursuant to that certain Conversion and Subscription Agreement (the "Conversion Agreement"), dated as of October 4, 2024, by and between Horizon and the Issuer, the Issuer and Horizon agreed to convert such indebtedness into shares of common stock, par value $0.01 per share ("Common Stock") of the Issuer. Horizon received 366,250 shares of Common Stock, at a conversion price of $0.04 pursuant to the Conversion Agreement.
F2	The Reporting Person serves as the sole director, officer and beneficial owner of Horizon and, accordingly, the Reporting Person may also be deemed to beneficially own the shares of Common Stock held directly by Horizon. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Horizon except to the extent of the Reporting Person's pecuniary interest therein.

Content

SensaSure Technologies Inc., now known as Formation Minerals, Inc., a Nevada corporation (the "Issuer") previously received certain loans and advances from Horizon Private Fund Limited ("Horizon") in the amount of $14,650. Pursuant to that certain Conversion and Subscription Agreement (the "Conversion Agreement"), dated as of October 4, 2024, by and between Horizon and the Issuer, the Issuer and Horizon agreed to convert such indebtedness into shares of common stock, par value $0.01 per share ("Common Stock") of the Issuer. Horizon received 366,250 shares of Common Stock, at a conversion price of $0.04 pursuant to the Conversion Agreement.

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