North Bay Resources Inc (NBRI)

[fung_derf]

While no preferred shares have as yet been designated for issuance, we may at some future date designate and issue up to 10,000,000 shares of preferred stock having rights, preferences, and privileges senior to the rights of our common stock with respect to dividends, rights to share in distributions of our assets if we liquidate our company, or voting rights. Any preferred stock may also be convertible into shares of common stock on terms that would be dilutive to holders of common stock.