Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
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).
SCHEDULE 13G
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CUSIP No. 60921T 10 6
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Page 2 of 10 Pages
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1.
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NAMES OF REPORTING PERSONS
Magna Group, LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
£
(b)
£
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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
New York
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
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5.
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SOLE VOTING POWER
-0- (See Item 4)
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6.
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SHARED VOTING POWER
-0-
(See Item 4)
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EACH
REPORTING
PERSON
WITH
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7.
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SOLE DISPOSITIVE POWER
18,461,538
(See Item 4)
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8.
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SHARED DISPOSITIVE POWER
-0-
(See Item 4)
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,461,538 (See Item 4)
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10.
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
£
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.89%
(See Item 4)
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO – limited liability company
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SCHEDULE 13G
CUSIP No. 60921T 10 6
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1.
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NAMES OF REPORTING PERSONS
Joshua Sason
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)
£
(b)
£
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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
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
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5.
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SOLE VOTING POWER
-0- (See Item 4)
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6.
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SHARED VOTING POWER
-0-
(See Item 4)
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EACH
REPORTING
PERSON
WITH
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7.
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SOLE DISPOSITIVE POWER
-18,461,538 -
(See Item 4)
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8.
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SHARED DISPOSITIVE POWER
-0-
(See Item 4)
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-18,461,538 - (See Item 4)
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10.
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
£
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.89%
(See Item 4)
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12.
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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SCHEDULE 13G
CUSIP No. 60921T 10 6
Item 1.
Mondial Ventures, Inc.
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(b)
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Address of Issuer’s Principal Executive Offices
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6564 Smoke Tree Lane
Scottsdale, AZ 85253
Item 2.
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(a)
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Name of Person Filing
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This Schedule 13G is being
jointly filed by Magna Group, LLC, a New York limited liability company (“
Magna
”), and Joshua Sason
(each, a “
Reporting Person
” and, collectively, the “
Reporting Persons
”)
with respect to shares of common stock, $0.001 par value, of the Issuer (the “
Common Stock
”) owned
directly by Magna.
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(b)
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The address of the principal business office of each of the Reporting Persons is: 5 Hanover Square, New York, New York 10004.
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Magna is a New York limited liability
company.
Mr. Sason is a United States
citizen.
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(d)
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Title of Class of Securities
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Common Stock, $0.001 par value
60921T 10 6
Item 3. 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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¨
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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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¨
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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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¨
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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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¨
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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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SCHEDULE 13G
CUSIP No. 60921T 10 6
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(e)
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¨
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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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¨
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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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¨
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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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¨
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A savings associations 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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¨
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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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¨
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Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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Item 4. Ownership.
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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(a)
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Amount beneficially owned:
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The information required by
Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person hereto and is incorporated by reference for each such
Reporting Person.
The information required by
Item 4(b) is set forth in Row 11 of the cover page for each Reporting Person hereto and is incorporated by reference for each such
Reporting Person.
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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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The information required by Item 4(c)(i) is set forth
in Row 5 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
SCHEDULE 13G
CUSIP No. 60921T 10 6
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(ii)
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Shared power to vote or to direct the vote
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The information required by Item 4(c)(ii) is set forth
in Row 6 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
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(iii)
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Sole power to dispose or to direct the disposition of
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The information required by Item 4(c)(iii) is set forth
in Row 7 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
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(iv)
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Shared power to dispose or to direct the disposition of
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The information required by Item 4(c)(iv) is set forth
in Row 8 of the cover page for each Reporting Person hereto and is incorporated by reference for each such Reporting Person.
The 18,461,538
shares of Common Stock owned directly by Magna were acquired by Magna pursuant to the conversion of a $120,000 Convertible Promissory
Note that was assigned to Magna from a third party. According to the agreement, Magna may, at any time, convert to a maximum conversion
right at any one time to 9.99% of the then outstanding shares of common stock of the Company.
Mr. Sason is the
Chief Executive Officer of Magna and owns all of the membership interests in Magna. Accordingly, Mr. Sason, subject to the limitations
of the rights described above, has sole power to vote or to direct the vote and sole power to dispose or to direct the disposition
of all securities owned directly by Magna, including, without limitation, the Common Stock. Mr. Sason does not directly own any
shares of Common Stock. Under Rule 13d-3 under the Exchange Act, Mr. Sason may be deemed to beneficially own the shares of Common
Stock owned directly by Magna. Magna is not a registered broker-dealer, and neither Magna nor any of its affiliates is an affiliate
or an associated person of a registered broker-dealer.
Item 5. Ownership of Five Percent or Less of a Class.
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 [ ].
SCHEDULE 13G
CUSIP No. 60921T 10 6
Item 6. Ownership of More Than Five
Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification
of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of
Group.
Not Applicable
Item 10. Certification.
By signing below I certify
that, to the best of my knowledge and belief, the securities referred to above were not acquired and are 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 that purpose or effect.
[Signatures on following page]
SCHEDULE 13G
CUSIP No. 60921T 10 6
SIGNATURE
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: September 20, 2013
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Magna Group, LLC
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By:
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/s/ Joshua Sason
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Name: Joshua Sason
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Title: Chief Executive Officer
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/s/ Joshua Sason
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JOSHUA SASON
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SCHEDULE 13G
CUSIP No. 60921T 10 6
EXHIBIT
INDEX TO SCHEDULE 13G
EXHIBIT 1
Joint
Filing Agreement, dated as of September 20, 2013, by and between Magna Group, LLC and Joshua Sason.
