Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds.
The following information
represents securities sold by the Company during the period covered by this Quarterly Report, and the subsequent period, which were not
registered under the Securities Act. Included are sales of reacquired securities, as well as new issues, securities issued in exchange
for property, services, or other securities, and new securities resulting from the modification of outstanding securities. All issuances
were exempt under Section 4(a)(2) of the Securities Act unless otherwise noted.
● On
April 8, 2023, the Company issued 3,203,661 shares of its Common Stock upon the cashless
exercise of a Warrant.
● On
April 30, 2023, the Company issued 717,011 shares of its common stock for a cashless warrant
exercise.
● On
May 5, 2023, the Company closed a transaction with an accredited investor under which the
Company issued a convertible promissory note in the original amount of $50,000. The Company
received net proceeds of $50,000.
● On
May 16, the Company issued 250,000 shares of its common stock as compensation for services
rendered by an independent consultant.
● On
May 16, 2023, the Company issued 30,000,000 shares of its common stock as compensation for
services rendered by an independent consultant.
● On
May 22, 2023, the Company issued 3,000,000 shares of its common stock under a resignation
and release agreement with a departing director.
● On
May 22, 2023, the Company issued 2,000,000 shares of its common stock under a resignation
and release agreement with a departing director.
● On
May 22, 2023, the Company issued a total of 11,666,669 shares of its common stock to its
seven (7) directors (1,666,667 shares to each director) as compensation for services pursuant
to a director stock grant executed by the Company with each director.
● On
May 22, 2023, the Company issued 5,000,000 shares of its common stock as compensation for
services rendered by an independent consultant.
● On
May 22, 2023, the Company issued 2,500,000 shares of its common stock as compensation for
services rendered by an independent consultant.
● On
May 22, 2023, the Company issued 500,000 shares of its common stock as compensation for services
rendered by an independent consultant.
● On
August 7, 2023, the Company issued 6,883,399 shares of its Common Stock upon the cashless
exercise of a Warrant.
Item
3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety
Disclosures.
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.