Verus International Inc (VRUS)

[shotsky]

The AS increase, the change in par value and the reverse split approval are posted in filings at OTCM.
AS/RS Approvals-Schedule 14C

The stated reason for the increase in AS is to provide shares against the 1.5M loans:
The Board believes that the availability of additional authorized shares of Common Stock is required for reasons including, but not limited to, the following:
in order to avoid defaulting upon its obligations, the Company must satisfy certain covenants in its debt instruments which, among other things, require that the Company maintain a certain reserve of authorized, but unissued shares of Common Stock;

certain of the Company’s debt instruments and preferred stock are convertible into shares of the Company’s Common Stock. Therefore, the Company must maintain a sufficient amount of authorized, but unissued shares of Common Stock adequate to issue shares of Common Stock upon the conversion of its outstanding convertible debt instruments and preferred stock; and

the additional authorized shares of Common Stock will provide the Company with additional flexibility to issue Common Stock for a variety of general corporate purposes as the Board may determine to be desirable including, without limitation, future financings, investment opportunities, acquisitions, or other distributions and stock splits (including splits effected through the declaration of stock dividends).