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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.3)*
LML PAYMENT SYSTEMS INC.
Formerly known as
LEISUREWAYS MARKETING LTD.
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(Name of Issuer)
COMMON STOCK, WITHOUT PAR VALUE
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(Title of Class of Securities)
(502 08P 10 9)
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(CUSIP Number)
Van H. Archer, III
115 E. Travis, Suite 1427
San Antonio, Texas 78205
(210) 222-0973
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 30, 2000
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), 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 Rule 13d-7(b) for other
parties to whom copies are to be sent.
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o The remainder of this cover page shall be filled out for a reporting
person's 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).
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Page 3 of 10
SCHEDULE 13D
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1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Emerson Moore
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
SC, PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[X]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF SHARES BENEFICIALLY 7. SOLE VOTING POWER
OWNED BY EACH REPORTING
PERSON WITH: 7,666
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8. SHARED VOTING POWER
5,086,018
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9. SOLE DISPOSITIVE POWER
7,666
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10. SHARED DISPOSITIVE POWER
5,086,018
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,086,018
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.4%
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14. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 4 of 10
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1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
716377 Alberta Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
SC, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF SHARES BENEFICIALLY 7. SOLE VOTING POWER
OWNED BY EACH REPORTING
PERSON WITH: 1,233,332
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8. SHARED VOTING POWER
0
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9. SOLE DISPOSITIVE POWER
1,233,332
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,233,332
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
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14. TYPE OF REPORTING PERSON*
CO
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Page 5 of 10
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1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Destiny Petroleum, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
SC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas, United States
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NUMBER OF SHARES BENEFICIALLY 7. SOLE VOTING POWER
OWNED BY EACH REPORTING
PERSON WITH: 3,695,347
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8. SHARED VOTING POWER
0
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9. SOLE DISPOSITIVE POWER
3,695,347
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,695,347
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.9%
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14. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 6 of 10
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1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lancia Investments, Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
SC, PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF SHARES BENEFICIALLY 7. SOLE VOTING POWER
OWNED BY EACH REPORTING
PERSON WITH: 106,437
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8. SHARED VOTING POWER
0
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9. SOLE DISPOSITIVE POWER
106,437
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,437
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.57%
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14. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
719774 Alberta Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
SC, PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF SHARES BENEFICIALLY 7. SOLE VOTING POWER
OWNED BY EACH REPORTING
PERSON WITH: 43,236
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8. SHARED VOTING POWER
0
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9. SOLE DISPOSITIVE POWER
43,236
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,236
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.23%
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14. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 3 to the Statement on Schedule 13D is filed jointly
by Robert Emerson Moore, 716377 Alberta Ltd., Destiny Petroleum, Inc., Lancia
Investments Ltd. and 719744 Alberta Ltd. (collectively the "Reporting Persons")
pursuant to a joint filing agreement attached to this Schedule 13D as Exhibit 1.
As described in Item 4 below, the Reporting Persons are filing this Amendment
No. 3 to the Statement on Schedule 13D as a result of the exercise of the right
to convert 883,283 shares of preferred stock of LHTW Properties Inc. into
3,533,132 shares of common stock without par value ("Common Stock") of LML
Payment Systems Inc. (the "Issuer"), formerly known as Leisureways Marketing
Ltd.
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The Schedule 13D is amended as follows:
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock of the Issuer whose
principal executive offices are located at 1330 River Bend Drive, Suite 600,
Dallas, Texas 75247.
ITEM 2. IDENTITY AND BACKGROUND
No Amendment
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of funds for the preferred stock issued by LHTW Properties,
Inc. (a subsidiary of the Issuer) to Destiny Petroleum, Inc. is the conversion
to preferred stock of $883,283.00 of a $1,783,283.00 mortgage debt owed by LHTW
Properties, Inc. to Destiny Petroleum, Inc. on real property located in Florida.
ITEM 4. PURPOSE OF TRANSACTION
On November 30, 2000, Destiny Petroleum Inc. converted 883,283
preferred shares of LHTW for 3,533,132 shares of the common shares of the Issuer
pursuant to its rights.
The Common Stock and preferred stock referred to herein were acquired
in the ordinary course of business and were not acquired for the purpose of and
do not have the effect of changing or influencing the control of the Issuer of
such securities and were not acquired in connection with or as a participant in
any transaction having such purposes or effect. The Reporting Persons reserve
the right to discuss management decisions and other proposals with other
persons. The Reporting Persons have no plans or proposals relating to the
Issuer. The Reporting Persons may sell some or all of the shares of the Common
Stock that it now holds in privately negotiated transactions, on the market or
otherwise. The Reporting Persons do not have any current plans to acquire
additional shares of Common Stock.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) On the basis of information conveyed by the Issuer to the
Reporting Persons on November 30, 2000, the Issuer has issued and outstanding
18,557,873 shares of Common Stock. On the basis of such disclosure, the shares
of Common Stock beneficially owned by the Reporting Persons comprise 27.4% of
the issued and outstanding shares of Common Stock.
Each Reporting Person beneficially owns the aggregate number and
percentage of Common Stock and has sole voting power, shared voting power, sole
dispositive power,
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and shared dispositive power over the number of shares of Common Stock
beneficially owned by such person as set forth below:
Shares Beneficially Owned
<TABLE>
<CAPTION>
Sole Shared Sole Shared
Aggregate Voting Voting Dispositive Dispositive
Name Number Percentage Power Power Power Power
---- ---------- ---------- ---------- ---------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
Robert E. Moore 5,086,018 27.4% 7,666 5,086,018 7,666 5,086,018
716377 Alberta Ltd. 1,233,332 6.6% 1,233,332 0 1,233,332 0
Destiny Petroleum 3,695,347 19.9% 3,695,347 0 3,695,347 0
Lancia Investments Ltd. 106,437 0.57% 106,437 0 106,437 0
719774 Alberta Ltd. 43,236 0.23% 43,236 0 43,236 0
</TABLE>
(c) On November 30, 2000 Destiny Petroleum Inc. converted 883,283 shares of LHTW
Properties Inc. into 3,533,283 shares of the Issuer pursuant to its rights.
(d) Not applicable.
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Destiny Petroleum, Inc. entered into a Debt Conversion Agreement dated
December 22, 1995 with the Issuer and LHTW Properties, Inc., a subsidiary of the
Issuer, wherein Destiny Petroleum, Inc. received 883,283 preferred shares in
LHTW Properties Inc. in consideration of the conversion to preferred stock of
$883,283.00 of debt owed by LHTW Properties Inc. to Destiny Petroleum, Inc.
These preferred shares were converted into 3,533,132 shares of the Common Stock
of the Issuer on November 30, 2000.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 is a copy of the Written Agreement of the Reporting Persons
as required by Rule 13d-1(f), relating to the filing of this Schedule 13D.
Exhibit 2 is a copy of a written Debt Conversion Agreement between the
Issuer and Destiny Petroleum, Inc. dated December 22, 1995, together with all
amendments thereto, setting out the terms of the conversion of the shares of the
preferred stock into
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shares of the Common Stock (incorporated by reference to the Schedule 13D filed
by the Reporting Persons on August 26, 1998).
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: December 6th, 2000
/s/ ROBERT EMERSON MOORE
-----------------------------
Robert Emerson Moore
716377 ALBERTA LTD.
By: /s/ ROBERT E. MOORE
--------------------------
Robert E. Moore
President
DESTINY PETROLEUM, INC.
By: /s/ ROBERT EMERSON MOORE
--------------------------
Robert Emerson Moore
President
LANCIA INVESTMENTS LTD.
By: /s/ ROBERT EMERSON MOORE
--------------------------
Robert Emerson Moore
President
719774 ALBERTA LTD.
By: /s/ ROBERT EMERSON MOORE
--------------------------
Robert Emerson Moore
President
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
------- -----------
<S> <C>
1 Written Agreement of the Reporting Persons as required
by Rule 13d-1(f), relating to the filing of this
Schedule 13D.
2 Written Debt Conversion Agreement between the Issuer and
Destiny Petroleum, Inc. dated December 22, 1995, together
with all amendments thereto, setting out the terms of
the conversion of the shares of the preferred stock into
shares of the Common Stock (incorporated by reference
to the Schedule 13D filed by the Reporting Persons on
August 26, 1998).
</TABLE>
