Reverse Splits

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LODE - Splitting 1 for 5

"1-for-5 Reverse Stock Split and Adjustment of Authorized Shares
The Company and the New York Stock Exchange (NYSE) have approved and will effect a reverse split of its common stock, $0.000666 par value (Common Stock), at a ratio of 1-for-5 (the Reverse Split), effective November 9, 2017 . The Common Stock will begin trading on a split-adjusted basis when the market opens on November 10, 2017 . The Reverse Split will result in each outstanding five pre-split shares of Common Stock automatically combining into one new share of Common Stock without any action on the part of the stockholders. The total number of outstanding common shares will be reduced from approximately 226 million to approximately 45 million shares. The Companys authorized number of shares of Common Stock of the Company will also be proportionately decreased from 3,950,000,000 to 790,000,000 shares. No fractional shares will be issued as a result of the Reverse Split as any fractional shares resulting from the Reverse Split will be rounded up to the nearest whole share.

The Board of Directors of the Company approved the action in accordance with Nevada law (NRS Section 78.207). The NYSE approved the 1-for-5 reverse stock split on October 27, 2017 . No additional Company or stockholder approval is required because both the number of authorized shares of Common Stock and the number of outstanding shares of Common Stock are proportionally reduced as a result of the Reverse Split, and the Reverse Split does not adversely affect any other class of stock of the Company and the Company will not pay money or issue scrip to stockholders who would otherwise be entitled to receive a fractional share as a result of the Reverse Split. The NYSE and the Company's transfer agent, Corporate Stock Transfer, will provide instructions to stockholders regarding the process for exchanging certificated shares. The Common Stock will continue to trade on the NYSE American under the trading symbol "LODE" but will trade under the new CUSIP number 205750201.
Mr. De Gasperis concluded, "The split satisfies the NYSE American minimum share price requirement. We consider this a mechanical change that does not impact our strategy, business plans, liquidity, operations or the intrinsic value of the shares. Our focus is on growing that value with an outstanding investor and share base."