RE:RE:Augusta GoldRunandcoke -- 3 very informative posts by you below. Thanks for that.
Not that I am complaining...as I've been accumulating a fairly sizeable position in the market...but it would be good for the Company to issue a news release when they are contemplating a material change. I am surprised they didn't news release this.
From the Filing that you referenced :
| | Item 5.07 | Submission of Matters to a Vote of Security Holders |
On December 21, 2020, stockholders of Bullfrog Gold Corp. (the “Corporation”) holding a majority of the voting power of the Corporation entitled to vote (the “Consenting Stockholders”) as of the record date of December 21, 2020 (the “Record Date”) approved the following matters by way of a written consent resolution:
| | · | Authorization of the Corporation’s board of directors (the “Board”), in its sole and absolute discretion, and without further action of the stockholders, to file an amendment to the Corporation’s amended and restated certificate of incorporation (the “Certificate of Incorporation”) to effect a reverse stock split of the Corporation’s issued and outstanding common stock, (the “Reverse Stock Split”), at a planned ratio of five pre-Reverse Stock Split shares for every one post-Reverse Stock Split share, with the Board reserving the right to change the actual ratio of the Reverse Stock Split to be between 3:1 and 10:1 pre- to post- Reverse Stock Split shares, in its sole discretion, and with the Reverse Stock Split to be effective on or about January 26, 2021, or at such other time and date, if at all, as determined by the Board in its sole discretion. |
| | · | Authorization of the Board to file an amendment to the Certificate of Incorporation to change the name of the Corporation from “Bullfrog Gold Corp.” to “Augusta Gold Corp.” (the “Name Change”). |
On the date of the written consent, which is the Record Date and the date we received a copy of the consent of the holders of a majority of the voting power of capital stock, there were issued and outstanding 333,851,288 shares of common stock and 18,562,500 shares of Series B Preferred Stock convertible into 18,562,500 shares of common stock (the “Preferred Stock”). Each share of the common stock entitled the holder to one vote per share. Shares of the Series B Preferred Stock are entitled to vote on an as-converted basis with the Common Stock, such that each share of Series B Preferred Stock was entitled to one vote; therefore, on the Record Date, the total voting capital stock issued and outstanding amounted to 352,413,788 shares with total voting power of 352,413,788 votes.
The Consenting Shareholders from whom we obtained the written consent in lieu of a meeting held in the aggregate 188,237,204 shares of common stock, representing approximately 53.41% of the outstanding voting power of our stockholders. As the Reverse Stock Split and Name Change were approved by written consent, there were no votes against, abstaining or broker non-votes in relation to these matters.