UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. __________)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
U.S. PRECIOUS METALS, INC.
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(Name of Issuer)
Common Stock, $.00001 Par Value
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(Title of Class of Securities)
91239R 10 2
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(CUSIP Number)
Diane Spano
196 Betsy Ross Drive
Freehold, New Jersey 07728
732-713-9068
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(Name, Address and Telephone Number of Person to Receive
Notices and Communication)
April 23, 2011
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d1(b)
[X] Rule 13d1(c)
[ ] Rule 13d1(d)
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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CUSIP NO. 91239R 10 2 SCHEDULE 13G PAGE 2 OF 4 PAGES
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1. NAME OF REPORTING PERSON: Diane Spano
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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. CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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5. SOLE VOTING POWER: 7,500,000
NUMBER OF ------------------------------------------------------------
SHARES
6. SHARED VOTING POWER: -0-
BENEFICIALLY
OWNED BY ------------------------------------------------------------
EACH
7. SOLE DISPOSITIVE POWER: 7,500,000
REPORTING
PERSON ------------------------------------------------------------
WITH:
8. SHARED DISPOSITIVE POWER: -0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON: 7,500,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (9): 9.26%
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12. TYPE OF REPORTING PERSON*: IN
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CUSIP NO. 91239R 10 2 SCHEDULE 13G PAGE 3 OF 4 PAGES
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ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, par value $0.0001 per share (Common Stock), of U.S. Precious Metals, Inc., a Delaware corporation (Issuer). The address of the Issuer is 15122 Tealrise Way, Lithia, FL 33547.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This Schedule 13D is filed by Diane Spano, an individual.
(b) The address of the Reporting Person is 196 Betsy Ross Drive, Freehold, New Jersey 07728.
(c) United States
(d) Common stock, par value $0.0001 per share
(e) CUSIP NO. 91239R 10 2
ITEM 3. Not Applicable.
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.
(a) Amount beneficially owned: 7,500,000.
(b) Percent of class: 9.26%.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 7,500,000.
(ii) Shared power to vote or to direct the vote: 7,500,000.
(iii) Sole power to dispose or to direct the disposition of: 7,500,000.
(iv) Shared power to dispose or to direct the disposition of: 7,500,000.
ITEM 5. OWNERSHIP OF 5 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 5 percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN 5 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 OR CONTROL PERSON.
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. MATERIALS TO BE FILED AS EXHIBITS.
ITEM 11. CERTIFICATIONS.
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.
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CUSIP NO. 91239R 10 2 SCHEDULE 13G PAGE 4 OF 4 PAGES
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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.
September 16, 2011
/s/ Diane Spano
Diane Spano
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