NAMG RS COMING
On March 17, 2015, the Board of Directors (the “Board”) of the Company adopted resolutions by unanimous written consent in lieu of a meeting pursuant to which the Board approved:
(i)
an increase in the authorized shares of common stock, par value $.001 per share (the “Common Stock”) of the Company from two hundred million (200,000,000) to one billion (1,000,000,000) such shares without affecting the issued and outstanding shares of the Company’s Common Stock;
(ii)
an amendment to the Company’s Articles of Incorporation to permit the Company’s Board to approve a reverse split from time to time of the Company’s issued and outstanding shares of Common Stock without requiring an accompanying proportional reverse split of the Company’s authorized shares of Common Stock, and without obtaining the approval of holders of a majority of the issued and outstanding shares of the Company’s Common Stock entitled to vote thereon.
