Artificial Intelligence Technology Solutions Inc (AITX)

[fromtheuk]

Well you cant say you were not warned

AS increased to 5 billion
Seeking approval for RS 2000:1

Dear Stockholder:

This Information Statement is furnished to holders of shares of common stock, par value $0.001 per share (the “Common Stock”), of Artificial Intelligence Technology Solutions Inc. (the “Company”). Our Board of Directors approved on April 23, 2019, and recommended the approval by our stockholders, of the following corporate actions (“Corporate Actions”):

1.
To approve the increase in authorized share capital to 5,000,000,000 shares of common stock (“Common stock”) and change the par value of the Common Stock to $0.00001 (the “Common Stock Authorized Share Capital Increase”); and


2.
To grant the Board of Directors discretionary authority to effectuate a Reverse Stock Split of the Company’s Common Stock, by a ratio of no less than 2:1 and not more than 2000:1 (“the Range”), with such ratio to be determined at the sole discretion of the Board and with the process to effect such Reverse Split to be commenced at any time, if at all, within a period of 6 months after the date of the mailing of this Information Statement (the “Reverse Split”).

Certain of our stockholders, holding a majority of our voting power on April 24, 2019 (the “Record Date”), approved the Corporate Actions by written consent in lieu of a special meeting of stockholders.