Followers | 0 |
Posts | 1406 |
Boards Moderated | 0 |
Alias Born | 04/05/2020 |
Wednesday, October 14, 2020 9:50:09 AM
UPPLEMENTAL INFORMATION
Shareholder Update
Maverick Energy Group, Ltd, a Nevada corporation (“Maverick”), is pleased to update its shareholders
with the progress made since the end of the second quarter of 2020. Maverick has completed the
successful transition from a grey sheet listed company to Pink Current Information on OTC Markets.
In addition, on July 3, 2020 in a private transaction, James McCabe, CEO of Maverick Energy Group, Ltd.,
purchased 34,438,039 shares of common stock of Maverick from three separate shareholders.
Subsequently, Maverick completed a share buyback agreement with Mr. McCabe to buyback 79,118,683
common shares of Maverick in return for 100,000 shares of Preferred A stock of Maverick. This transaction
represents a 60.4% reduction in outstanding common shares of Maverick. With this transaction
completed, the current Capital Structure of Maverick Energy Group, Ltd. is as follows.
Common Authorized Shares 250,000,000
Common Outstanding Shares 51,975,506
Preferred A Authorized Shares 100,000
Preferred A Outstanding Shares 100,000
Maverick would also like to announce the engagement of Sterling Issuer Services, LLC to assist with
uplisting requirements to OTCQB, which includes becoming fully-reporting with a PCAOB auditor, DTC
eligible, an SEC filer, and become eligible for DWAC services. On September 17, 2020 Maverick Energy
Group, Ltd. was granted access to the EDGAR filing service for future SEC filings, meeting the SEC filer
requirement. Maverick anticipates DTC eligibility to be approved in the coming weeks and management
is in active discussions to engage a PCAOB auditor.
The Company has duly caused this Supplemental Information to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated October 1, 2020
/s/ James McCabe
Chief Executive Officer
Maverick Energy Group, Ltd.
FEATURED DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • Nov 7, 2024 2:16 PM
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • Nov 7, 2024 8:48 AM
FEATURED SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • Nov 7, 2024 7:00 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM