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Wednesday, September 10, 2014 10:04:13 AM
http://biz.yahoo.com/e/140902/gryef8-k.html
Extracted from the above link:
VI. Incentives to the dissolved and past ZNext Mining Shareholders: All the existing Shareholders of AU MARCGE MINERALS AG were entitled to convert and exchange all their issued common shares to unrestricted common shares of AU MIN AFRICA PTY LTD (CUSIP No. S31451A 101) at a ratio of 25:1. AU MARCGE MINERALS AG (the company that Acquired the dissolved ZNEXT Mining Corp. in 2012 (CUSIP No. 98975U 108 Common [ZNXT] and CUSIP No. 98975U 405 Preferred
[ZNXPP] Shares) is the holding company of AU MIN AFRICA PTY LTD [CUSIP No. S23141A101]; thus as been passed on June 20, 2014 per Board Resolution and with written consent and approval from 2/3 votes of outstanding shares entitled to vote, are to exchange all issued and outstanding common shares held by its shareholders to the current common unrestricted shares of AU MIN AFRICA PTY LTD [CUSIP No. S23141A101: Stock Symbol: GRYEF] according to the following provisions:
v.(1) 25:1 Conversion Ratio: That for every twenty-five (25) outstanding common shares of AU Marcge Minerals AG are exchanged for one (1) unrestricted common share of AU MIN AFRICA PTY LTD [CUSIP No. S3141A 101]. All shares with One Hundred Thousand (100,000) or fewer will receive four thousand(4,000) new unrestricted common shares of AU MIN AFRICA PTY LTD. The minimum shares each shareholder will receive are four thousand (4,000) shares and rounded up to the nearest one (1) full share.
v.(2)Conversion-Exchange of all shares held by the dissolved and past ZNext Mining Shareholdersmust convert/exchange their ZNEXT Mining common and preferred stocks into the Restricted common shares of AU Marcge Minerals AGfirst and foremost before the ZNXT Mining shares are converted to AU MIN AFRICA PTY LTD - Non-Restricted Common shares [CUSIP No. S3141A 101; Ticker Symbol: GRYE] based upon the following conversion ratios to AU Marcge Minerals AG common shares:
v.(2)i 50:75 Conversion Ratio for Common Stocks with CUSIP No. 98975U108 v.(2)ii 1:10,000 Conversion Ratio for Preferred Stocks with CUSIP No. 98975U
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