Yep, 3 for 1 F/S: Monarch America Inc. (OTCQB: CANK) ("Monarch America" or the "Company") (f/k/a Cannabis Kinetics Corp.) is pleased to announce that the Financial Industry Regulatory Authority ("FINRA") has accepted the Company's recent name change and approved the proposed 3-for-1 forward stock split previously authorized by the Board of Directors of the Company.
The payment date for the 3-for-1 stock split will be December 26, 2014. Accordingly, shareholders owning Monarch America Inc. common shares on such date will receive two (2) common shares of the Company in addition to each one (1) common share owned as of such date. Following the forward stock split, the Company will have 93,804,618 shares issued and outstanding.
The Company expects that shareholders with stock held at registered brokerage firms will have their additional shares automatically credited to their accounts without further action. Shareholders holding physical certificates will have the additional shares mailed directly to them by the Company's transfer agent.
