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Re: sanctuary post# 19368

Thursday, 04/28/2016 2:27:07 PM

Thursday, April 28, 2016 2:27:07 PM

Post# of 25284
As you can see below, the announcements were made after the decision.

Summary of 1:200 Reverse Stock Split of Q4'15:

From 8K dated July 15, 2015:
On July 13, 2015 our board of directors and the holders of a majority of our voting securities approved by written consent an amendment to our articles of incorporation to increase the authorized number of shares of our common stock from 5,000,000,000 shares to 10,000,000,000 shares, par value of $0.001 per share.
The approval of the shareholders was obtained without a meeting in accordance with section 78.320 of the Nevada Revised Statutes. The shareholders also authorized our board of directors to effect, by July 13, 2016, at the discretion of the Board, a reverse stock split of our issued and outstanding shares of common stock on the basis of up to 200 old shares for 1 new share.

From Proxy Statement 14C dated July 22, 2015:
Our Board of Directors (sole director) approved the Amendment and the Reverse Stock Split on July 9, 2015.
On July 13, 2015, subsequent to the approval by our Board of Directors of the Amendment and the Reverse Stock Split, the holder of the majority of the outstanding shares of our corporation entitled to vote gave us written consent for the Amendment and the Reverse Stock Split.

From 8K dated September 30, 2015:
The reverse split will become effective with the Over-the-Counter Bulletin Board at the opening of trading on September 30, 2015 under the symbol “LEXGD”. The "D" will be placed on our ticker symbol for 20 business days.

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