On August 17, 2015, the Board of Directors (sole director) of Source Gold Corp., a Nevada corporation (the “Company”), approved the authorization of a 1 for 2,000 reverse stock split of the Company’s outstanding shares of common stock.
On August 17, 2015, the Company obtained the written consent of a stockholder, Santa Rosa Resources, Inc. a Nevada corporation, holding 1,000 shares of the Company’s Series B Voting Preferred Stock, which is equal to 99% of the voting power of the Company’s outstanding capital stock as of August 14, 2015, to effect the reverse stock split.
The Company will prepare and file timely an Information Statement on Schedule 14C giving notice and disclosing the details of the reverse stock split.
The reverse stock split is anticipated to be effective at the close of business on September 8, 2015, or such later date as all conditions and requirements to effectuate such reverse stock split are satisfied, to the holders of those shares at the close of business on August 14, 2015."
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