Mining Company research board

[gitreal]

BMIX - AS increase from 12.5 to 15 billion today. Will this next 2.5 billion be dumped as easily as the last few billions?

INCREASE IN AUTHORIZED SHARES OF COMMON STOCK

The number of authorized shares of our Common Stock will be increased from twelve and one half billion (12,500,000,000) shares to fifteen billion (15,000,000,000) shares. The Board of Directors believes that the Authorized Increase is necessary and advisable so that the Company shall have a sufficient amount of authorized, but unissued and unreserved shares to issue upon (a) the conversion of outstanding convertible securities, (b) the sale of additional equity securities, including common stock and securities convertible into, or exercisable for, common stock and (c) the issuance of common stock as compensation to management and consultants in lieu of cash payments. The Authorized Increase, in particular, is being made to satisfy the Company's obligations with its one remaining variable-rate convertible noteholder and with holders of Series B Stock.

The Authorized Increase will not have any immediate effect on the rights of existing stockholders, but may have a dilutive effect our existing stockholders if additional shares are issued.

We are not increasing our authorized shares of Common Stock to construct or enable any anti-takeover defense or mechanism on behalf of the Company or for any planned merger or acquisition.