Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On August 26, 2020 and September 4, 2020, the Company issued 6,194 shares of common stock to certain accredited personnel pursuant to the exercise of stock options and 205,000 shares of common stock to Maxim Group LLC for services rendered, respectively. These securities were issued in reliance on the exemptions set forth in Rule 506(b) of Regulation D under the Securities Act of 1933 (the “Act”), as amended and Section 4(a)(2) of the Act, respectively.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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