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Scorpio Bulkers Inc.
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
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Y7546A122
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(CUSIP Number)
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July 21, 2017
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(Date of Event which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed.
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| ☐ |
Rule 13d-1(b)
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| ☒ |
Rule 13d-1(c)
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| ☐ |
Rule 13d-1(d)
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CUSIP No. Y7546A122
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SCHEDULE 13G |
Page 2 of 5
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1
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NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GRM Investments Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
(b) o
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
British Columbia, Canada
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NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
12,839,327
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
12,839,327
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,839,327
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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o |
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
17.88%
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12
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TYPE OF REPORTING PERSON
CO, HC
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CUSIP No. Y7546A122
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SCHEDULE 13G |
Page 3 of 5
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ITEM 1.
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(a)
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Name of Issuer:
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| Scorpio Bulkers Inc. | ||
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(b)
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Address of Issuer’s Principal Executive Offices:
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9, Boulevard Charles III
MC, O9 98000
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||
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ITEM 2.
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(a)
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Name of Person Filing:
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| GRM Investments Ltd. | ||
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(b)
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Address of Principal Business Office, or if None, Residence:
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#300 – 550 Robson Street
Vancouver, BC
Canada V6B 2B7
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(c)
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Citizenship:
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British Columbia, Canada
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(d)
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Title of Class of Securities:
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Common Stock
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(e)
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CUSIP Number:
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Y7546A122
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ITEM 3.
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IF THIS STATEMENT IS FILED PURSUANT TO §240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
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(a)
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[__] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o)
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(b)
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[__] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)
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(c)
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[__] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)
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(d)
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[__] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)
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(e)
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[__] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E)
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(f)
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[__] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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[ X ] A Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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[__] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)
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(i)
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[__] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)
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(j)
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[__] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
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If this statement is filed pursuant to Rule 13d-1(c), check this box ☒
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ITEM 4.
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OWNERSHIP
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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||
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CUSIP No. Y7546A122
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SCHEDULE 13G |
Page 4 of 5
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(a)
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Amount beneficially owned:
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12,839,327
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(b)
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Percent of class:
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17.88%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote
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0
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(ii)
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Shared power to vote or to direct the vote
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| 12,839,327 | |||
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(iii)
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Sole power to dispose or to direct the disposition of
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0
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(iv)
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Shared power to dispose or to direct the disposition of
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| 12,839,327 | |||
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ITEM 5.
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OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . ☐
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ITEM 6.
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OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
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Not Applicable
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ITEM 7.
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IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
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See Exhibit A attached hereto.
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ITEM 8.
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IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
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Not Applicable
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ITEM 9.
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NOTICE OF DISSOLUTION OF GROUP
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Not Applicable
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ITEM 10.
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CERTIFICATIONS.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.
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CUSIP No. Y7546A122
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SCHEDULE 13G |
Page 5 of 5
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GRM Investments Ltd.
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By:
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/s/ Sam Parrotta
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Name:
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Sam Parrotta
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Title:
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Chief Financial Officer
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