Extension of Record Date for Special Common Stock Dividend from Issuer’s Subsidiary
WHEREAS, on February 27, 2019, the Company’s Board of Directors passed a corporate resolution to authorize the filing of a registration statement for the special dividend shares in American Pacific Resources, Inc. with the Securities and Exchange Commission as soon as possible and to set the new Payment Date for the distribution of the special stock dividend to be ten (10) business days after said registration statement is declared effective by the Securities and Exchange Commission.
WHEREAS , at the request of certain holders of currently outstanding convertible promissory notes of the Company, it deems necessary for the Company to extend the Record Date of the special stock dividend so that all the holders of currently outstanding convertible promissory notes may retain their rights with respect to the special stock dividend if they choose to convert said notes into common shares of the Company.
On March 1, 2019, the Company’s Board of Directors passed a corporate resolution to extend the Record Date of the afore-mentioned special stock dividend to May 31, 2019 and to keep the Payment Date for the distribution of the special stock dividend to be ten (10) business days after a registration statement for said special stock dividend shares is declared effective by the Securities and Exchange Commission.