I believe this will be a change in A/S to cover the consultants fees, which will be paid in unrestricted shares totaling 3% of the transaction value, which will be based on the 30 rolling average immediately prior to the close of the acquisition.
A little more info.
From TEXAS SOS
Entity Information: ARCLAND ENERGY CORPORATION
17101 PRESTON RD STE 210
DALLAS, TX 75248-1369
Status: NOT IN GOOD STANDING
Registered Agent: BULLOCH, DUPERTUIS, SEGER & CO., PC
17101 PRESTON ROAD SUITE 210
DALLAS, TX 75248
Registered Agent Resignation Date:
State of Formation: UT
File Number: 0047089080
SOS Registration Date: Not Registered
Taxpayer Number: 32037545418
*******************************************************
From UTAH SOS
ARCLAND ENERGY CORPORATION
Entity Number: 7085520-0111
Company Type: Business Name Reservation
Address: 17101 PRESTON RD STE 210 Dallas, TX 75248
State of Origin:
Applicant
Applicant Name:
Name Reservation
Status: Expired
Status: Expired as of 12/08/2008
Status Description: Failure to File Renewal
Employment Verification: Not Registered with Verify Utah
************************************************************
ARCLAND ENERGY CORPORATION
Entity Number: 763770-0142
Company Type: Corporation - Domestic - Profit
Address: 20-30 47TH STREET SECOND FLOOR ASTORIA, NY 11105
State of Origin: UT
Registered Agent: CT CORPORATION SYSTEM
Registered Agent Address:
136 E SOUTH TEMPLE STE 2100 Salt Lake City UT 84111
Status: Expired
Status: Expired as of 07/06/2009
Status Description: Failure to File Renewal
Employment Verification: Not Registered with Verify Utah
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