8-K filed. R/S effective October 28, 2011..
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Effective October 28, 2011, after receipt of approval from the Financial Industry Regulatory Authority (“FINRA”), Ironwood Gold Corp., a Nevada corporation (the “Company”), effected a 1-for-20 reverse stock split together with a corresponding reduction (from 500,000,000 to 25,000,000) in the number of authorized shares of the Company’s common stock (the “Reverse Split”).
The Reverse Split was duly approved by the Board of Directors of the Company on September 30, 2011 without shareholder approval in
accordance with the authority conferred by Section 78.207 of the Nevada Revised Statutes. In accordance with the Reverse Split, the
corresponding reduction in the number of authorized shares of the Company’s common stock was effected via an amendment to the
Company’s Articles of Incorporation. The full text of the amendment to the Company’s Articles of Incorporation setting forth the authorized capital stock of the Company is filed herewith as Exhibit 3.1(a) and incorporated herein by reference.
Pursuant to the Reverse Split, holders of the Company’s common stock are deemed to hold 1 whole post-split share of the Company’s common stock for every 20 shares of the Company’s issued and outstanding common stock as classified immediately prior to the effective date of the Reverse Split. No fractional shares of the Company’s common stock will be issued in connection with the Reverse Split. Shareholders who are entitled to a fractional post-split share will receive in lieu thereof 1 whole post-split share.
SECTION 8 - OTHER EVENTS
Item 8.01 Other Events.
In connection with the Reverse Split described in Item 5.03 above, FINRA has assigned a “D” to the Company’s stock symbol “IROGD,” such
“D” to be removed 20 business days from the open of business on October 28, 2011.
AI
