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Wednesday, August 14, 2013 10:09:50 AM
During the First Quarter of 2013, six million (6,000,000) shares of Common stock were issued to Directors, past and present, for services rendered. One of the Directors, Gregory A. Chapin, returned 2,200,000 of his Director's fees gratuitously to the Company. In addition, preferred shares were converted into 2,000,000 shares of Common stock during the First Quarter. A total of 3,540,000 shares of Common stock were issued for cash, at a purchase price of two cents ($0.02) per share, to one individual during the First Quarter. Including the JOTA property issuance, the Company issued a total of 29,340,000 shares of Common stock during the First Fiscal Quarter of 2013."
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