Trans Global Group Has Filed The Amendment To Reduce The Authorized Shares By 20 Percent
CORAL SPRINGS, Fla., Nov. 19, 2012 /PRNewswire via COMTEX/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the Company has filed an Amendment with the State of Nevada to reduce the authorized shares of the Company from 5 billion to 4 billion shares.
The Company would like to state that it will not effect any type of Reverse split or restricting of the Common stock until January 2014.
The Company will look to try to reduce the number of Authorized shares again before the end of fiscal year 2012.
The Company will issue further news as events unfold over the coming weeks regarding restructuring of the Company's debt.