iGen Networks Corp (IGEN)

[JMMatthews]

On May 16, 2023 pursuant to NRS 78.315, the Board determined that not later than ten (10) days after notifying FINRA (the “Effective Date”) of the actions taken by the Board, the Company shall affect a 10:1 reverse stock split of all of the issued and outstanding shares of the Corporation’s common stock. Pursuant to the reverse split, each ten (10) shares of common stock issued and outstanding as of the Effective Date shall from and after the Effective Date, represent one (1) share of common stock. No fractional shares shall be issued in connection with the reverse split and, in lieu thereof, the Corporation shall round up to the nearest whole share any fraction of a share that any stockholder would otherwise receive.

The Board and the majority of stockholders have determined that the increase in Authorized Shares of Common Stock is in the best interests of the Corporation. The Company will complete the re structuring and extinguishing of all convertible debt from its balance sheet. The re-structuring of debt will enable the Company to re-finance in a meaningful way on a non-dilutive basis. In conjunction with the 10:1 reverse split of issued and outstanding shares the extinguishing of debt will facilitate the execution of previously announced strategic initiatives.

Effective Date

Under Rule 14c-2, promulgated pursuant to the Securities Exchange Act of 1934, as amended, the Amendment shall be effective twenty (20) days after this Information Statement is mailed to stockholders of the Company. We anticipate the effective date to be on or about October 10, 2023

https://www.otcmarkets.com/filing/html?id=16983179&guid=rh5-kaKC2iwfJth

IGEN $$$