Wednesday, November 13, 2013 3:31:49 PM
On June 17, 2013, the Company increased the total authorized preferred stock to 500,000,000 shares.
Series E: On April 6, 2011, the Company affected a 10-for-1 forward stock split. From April 19 through June 30, 2011 a total of 948,000 Series E shares were converted into 4,740,000 common shares. On July 7, 2011, 151,000 Series E shares were converted into 755,000 common shares. On April 1, 2012, 700,000 Series E shares were issued in exchange for services valued at $3,938. Effective June 17, 2013, each Series E share converts into .05 share of common stock and has voting rights on an as-converted basis.
Series F: Effective June 17, 2013, each Series F share has no conversion rights and has super-voting rights equal to the total of all common and preferred shares issued and outstanding.
Series G: From April 28 through June 30, 2011 a total of 360,000 Series G shares were converted into 9,000,000 common shares. On December 5, 2011, 20,000 Series G shares were converted into 500,000 common shares. On December 31, 2012, a total of 10,348,000 Series G shares were cancelled. Effective June 17, 2013, each Series G share converts into .001 share of common stock and has voting rights on an as-converted basis.
Series H: On April 6, 2011, a total of 2,245,000 Series H shares were issued for services valued at $22,450. On April 1, 2012, 100,000 Series H shares were issued in exchange for services valued at $562. Effective June 17, 2013, each Series H share converts into .1 share of common stock and has voting rights on an as-converted basis.
Series I: On October 17, 2012, the Company issued 38,000,000 Series I shares in exchange for mining claims valued at $400,000,000. Effective June 17, 2013, each Series I share converts into 10 shares of common stock and has voting rights on an as-converted basis.
Series J: On June 26, 2013, the Company issued 1,000,000 Series J shares, convertible into $5,000,000 worth of the Company’s common stock after one year, in exchange for a long-term mining lease. Effective June 17, 2013, each Series J share converts into $5.00 worth of the Company’s common stock after one year and has voting rights of one vote per share.
Series K: Effective June 17, 2013, each Series K share converts into 12 shares of common stock and has voting rights of two votes per share.
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