http://www.stockta.com/cgi-bin/analysis.p l?symb=GGRI&num1=4&cobrand=&mode=stock 06/16/2011 (09:05 ET)GGRI: Filed New Form 8-K, Material Event Disclosure - Edgar http://www.knobias.com/individual/public/quote.htm?ticker=GGRI http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7995826 http://www.otcmarkets.com/stock/GGRI/financials "The aggregate number of shares which the corporation shall have authority to issue is four hundred million (400,000,000) shares of common stock, par value $0.001 page # 1 Nevada SOS http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=E7nYUaZFEPGYNsSWPZdVvg%253d%253d&nt7=0 gage # 2 Nevada SOS http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=E7nYUaZFEPGYNsSWPZdVvg%253d%253d&CorpName=GREENWOOD+GOLD+RESOURCES%2c+INC. Greenwood Gold Resources, Inc. SEC (Filer) CIK: 0001440172 (see all company filings) http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001440172&owner=exclude&count=40 Filing Detail SEC http://www.sec.gov/Archives/edgar/data/1440172/000147793211000921/greenwood_8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7995826 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 2, 2011 GREENWOOD GOLD RESOURCES, INC. Exact name of registrant as specified in its charter Nevada 000-53614 N/A (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 4285 SW Martin Highway, Palm City FL 34990 (Address of principal executive offices) (Zip Code) (886 788 4474) Registrant’s telephone number, including area code n/a (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT ITEM 5.03 AMENDMENT TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGES IN FISCAL YEAR On June 9, 2011, the Board of Directors and the shareholders holding a majority of the total issued and outstanding shares of common stock of Greenwood Gold Resources, Inc., a Nevada corporation, (the “Company”), approved a decrease in the authorized capital of the Company from one billion five hundred million (1,500,000,000) shares of common stock to four hundred million (400,000,000) shares of common stock, par value $0.001 (the “Decrease in Authorized Capital”). Therefore, on June 10, 2011, the Company filed an amendment to its articles of incorporation with the Nevada Secretary of State regarding the Decrease in Authorized Capital (the “Amendment”).
The Board of Directors considered certain factors regarding the Decrease in Authorized Capital including, among others, the following: (i) establishing a proper market value for the Company and its shares and increasing the potential marketability of it’s common stock; (ii) increasing the opportunities for the Company to engage in successful financing arrangements with a proper market cap; and (iii) no imminent future need for the issuance of additional shares of common stock of the Company. The amendment will not affect the number of the Company’s issued and outstanding common shares. SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements of Business Acquired. Not applicable. (b) Pro forma Financial Information. Not applicable. (c) Shell Company Transaction. Not applicable. (d) Exhibits. 3.1 Certificate of Amendment to Articles of Incorporation of Greenwood Gold Resources Inc. dated June 13, 2011 as filed with the Nevada Secretary of State. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GREENWOOD GOLD RESOURCES INC. Dated: June 15, 2011 By: /s/ BranislavJovanovic Name: Branislav Jovanovic ` Title: Chief Executive Officer 3 ROSS MILLER Secretary of State 204 North Carson Street, Suite 1 Carson City, Nevada 89701-4520 (775) 684-5708 http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=E7nYUaZFEPGYNsSWPZdVvg%253d%253d Filed in the office of Document Number 20110435548-73 Certificate of Amendment (PURSUANT TO NRS 78. 385 AND 78.390) Filling Date and Time 06/13/2011 8:00 PM Ross Miller Secretary of State Entity Number State of Nevada E0196232008-4 USE BLACK INK ONLY - DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY Certificate of Amendment to Articles of Incorporation For Nevada Profit Corporations (Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock) 1. Name of corporation: Greenwood Gold Resources Inc. 2.The articles have been amended as follows: (provide article numbers, if available) Fourth: Article Fourth shall be deleted in its entirety and replaced with the following: "The aggregate number of shares which the corporation shall have authority to issue is four hundred million (400,000,000) shares of common stock, par value $0.001 http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=E7nYUaZFEPGYNsSWPZdVvg%253d%253d&nt7=0
3. The vote by which the stockholders holding shares in the corporation entitling them to exercise a least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the articles of incorporation* have voted in favor of the amendment is: 130.000,000 . 4. Effective date of filing: (optional) (must not be later than 90 days after the certificate is filed) 5. Signature: (required) x_________________ Signature of Officer *lf any proposed amendment would after or change any preference or any relative or other right given to any class or series of outstanding shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof. http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=E7nYUaZFEPGYNsSWPZdVvg%253d%253d IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected. This form must be accompanied by appropriate fees. 06/16/2011 (09:05 ET)GGRI: Filed New Form 8-K, Material Event Disclosure - Edgar http://www.knobias.com/individual/public/quote.htm?ticker=GGRI http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7995826 http://www.otcmarkets.com/stock/GGRI/financials
PALM CITY, Fla., July 5, 2011 /PRNewswire/ -- Greenwood Gold Resources Inc. (OTCBB: GGRI) (OTCQB-GGRI) is pleased to announce that preliminary planning for its initial drill program of the Summer Property has been completed.
The initial phase of the drilling program is intended to further define the limits of the West zone of the property in both strike length and at depth, and to test the exploration target (the IP anomaly) which is one kilometer long and 350 meter wide, IP chargeability high.
The drilling program will consist of 7 core holes of 200 meters each, for a total of 1400 meters of diamond drilling. The focuses of the initial drilling program are targets which have been identified in the Company's technical report of the Summer Property. Discovery Consultants have suggested that 200 m is a reasonable depth considering the IP profiles.
Drill holes will likely be angle holes (-45 to -60) which will be all drilled in same direction. This could change as the program advances, as more knowledge will be gained with each hole. The azimuth of the holes is yet to be determined - except in a general sense at right angles to the trend of the target. The drilling will take approximately 30 days depending on weather and terrain conditions.
Drill core will then be sent to a testing facility, and results should be available within a month of submittal. The drilling program is intended to further define the limits of the West zone in both strike length and at depth, and to test other exploration targets.
As stated in the Company's technical report written by Discovery Consultants, the deposit type sought on the Property is copper-gold alkalic porphyry deposits. These deposits are known worldwide and the best known are from the Mesozoic arc (Quesnel Trough) of British Columbia and the Late Ordovician Lachlan Fold Belt of New South Wales (Chamberlain et al, 2007).
Safe Harbor Act Notice:
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
About Greenwood Gold Resources Inc.
Greenwood Gold Resources, Inc. ("GGRI") is a junior exploration company focused on exploration for gold and other valuable minerals deposits in Canada and US. The company is focused on acquiring, developing and joint venturing with other junior or major gold mining companies with properties within North America. GGRI has developed a set strategy to acquiring gold and other valuable mining properties following several key investment criteria. It will look for assets ranging from grass roots exploration to near production. GGRI will look to have a balanced portfolio of properties across this spectrum so as to maximize returns while also mitigating risk.
Behalf of the Board of Greenwood Gold Resources Inc.
Contact us:
Greenwood Gold Resources Inc. 4285 SW Martin Highway, Palm City, FL 34990 866-788-GGRI (4474).
info@greenwoodgoldresources.com
For information please visit our website:
www.greenwoodgoldresources.com
SOURCE Greenwod Gold Resources Inc.
Public Companies Associated with this story: GGRI GGRI
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