Replies to post #9834 on Maverick Energy Group Ltd (MKGP)

[TradingThings4]

No dilution, share REDUCTION!

MKGP Reduces Outstanding Shares
Posted on August 21, 2020
Maverick Energy Group, LTD is pleased to announce the Company is completing the buyback of 79,118,683 common shares from CEO James McCabe. These common shares will be returned to the treasury of the Company. In return, the Company will issue 100,000 newly-formed Preferred Shares to James McCabe and his assignees. This transaction represents 60.4% reduction of outstanding shares of the Company.

http://www.maverick-energy.com/mkgp-reduces-outstanding-shares/