Nextsource Materials Inc (NSRCF)

[trevorbc]

PROPOSAL 2
APPROVAL TO INCREASE THE AUTHORIZED CAPITAL STOCK OF THE COMPANY
To approve an increase of the Company’s authorized capital stock to 350,000,000 from 185,000,000, of which 340,000,000 will be deemed common shares and the remaining 10,000,000 will be deemed eligible to be divisible into classes, series and types as designated by the Board of Directors.
This increase is being requested in order to allow the Company the ability, if deemed appropriate, to issue shares in connection with equity financings, among other things.
Recommendation of the Board of Directors
The Board recommends a vote FOR the change of the Company’s capital stock to 350,000,000 from 185,000,000.