Pilgrim Petroleum Corp. (PGPM)

[blackshirej]

Pilgrim Petroleum Corporation correct statement concerning outstanding and issued shares

Jun 19, 2017
OTC Disclosure & News Service

Addison, TX -

Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P), focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.

On the previously released disclosure statements, the company had disclosed an inaccurate number of total shares outstanding. Management inadvertently used incomplete information resulting in the miscalculation. The company also confirms, no new shares have been issued since Oct 2008.

The corrected statement of the document is as follows:
Total Authorized and Issue Shares as 6-19-17: 2,000,000,000
Total Non-Restricted shares as 6-19-17: 1,696,325,480
Total Active Shares: 1,601,651,712

The current statement in the OTC Disclosure to be corrected is Section 3(a), with no other changes or Amendments.