UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. n/a)
ENDURANCE EXPLORATION GROUP, INC.
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
29272J108
(CUSIP Number)
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333-141817
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03-0611187
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(Commission File Number)
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(IRS Employer Identification No.)
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15500 Roosevelt Blvd, Suite 301
Clearwater, FL, 33760
(Address of principal executive offices and zip code)
(727) 289-0010
(Registrants telephone number including area code)
October 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. [
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Note:
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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 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 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).
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1
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NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAIRD EXPLORATION, INC. 83-2109972
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
x
(b)
¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS*
OO
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5
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CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
CAIRD EXPLORATION, INC. is a Delaware corporation
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
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7
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SOLE VOTING POWER
12,000,000
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8
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SHARED VOTING POWER
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9
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SOLE DISPOSITIVE POWER
12,000,000
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10
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SHARED DISPOSITIVE POWER
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,000,000
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5
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14
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TYPE OF REPORTING PERSON*
CO
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(1)
Based on a total of 55,813,324 shares of common stock outstanding as of December 12, 2018.
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Item 1. Security and Issuer.
This Schedule 13D relates to the common stock, par value $0.001 per share (the Common Stock), of Endurance Exploration Group, Inc. (the Company), which has its principal executive offices at 15500 Roosevelt Blvd, suite 301, in Clearwater, Florida 33760.
Item 2. Identity and Background.
This statement is being filed by Caird Exploration, Inc., a Delaware corporation (the Reporting Entity). The President of Caird Explorations, Inc. is Micah Eldred, who also serves as as a Director of the Company. The business address for the Reporting Entity and for Micah Eldred is 15500 Roosevelt Boulevard, Suite 301, in Clearwater, Florida 33760. Caird Exploration, Inc., is a joint venture 50% owned by Endurance Exploration Group, Inc. and 50% by Global Marine Archaeological Research, LLC (GMAR), a Delaware corporation whose majority owner is Daniel P. Taylor.
During the last five years, neither the Reporting Entity, nor any of its members have been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Endurance Exploration Group, Inc. issued and contributed 12,000,000 restricted shares of its common stock to Caird Exploration, Inc., in exchange for its ownership interest in the joint venture, and GMAR assigned and transferred to the joint venture all of its rights, title, and intellectual property including sonar data, photographic data, research, agreements, and all other intellectual property relating to a number of shipwrecks which had been previously located by GMAR.
In addition to the joint venture, Endurance Exploration Group, Inc. directly acquired from GMAR a General Dynamics Bluefin 12 Autonomous Underwater Vehicle (AUV) as part of the transaction.
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Item 4. Purpose of Transaction.
The shares of Common Stock to which this Schedule 13D relates are a capital contribution by Endurance Exploration Group, Inc. to a joint venture with GMAR.
The Reporting Entity and Reporting Persons do not have any plans or proposals which relate to or would result in the acquisition by any person of additional securities of the Company or the disposition of securities of the Company; any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Company's board of directors; any material change in the present capitalization or dividend policy of the Company; any other material change in the Company's business or corporate structure; any changes in the Company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; a class of equity securities of the Company becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
Reference is made to the disclosure set forth under Items 3 and 4 of this Schedule 13D, which disclosure is incorporated herein by reference.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
1.
Contribution Agreement
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D is true, complete and correct.
Dated: December 13, 2018
CAIRD EXPLORATION, INC.
/s/ Micah Eldred
By: Micah Eldred
Its: President
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