Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
During the three months ended September 30, 2020, we issued 3,700 shares of common stock as dividends on our outstanding shares of Series B Preferred Stock. In addition, we issued 330,000 stock purchase warrants for services. The warrants have an exercise price of $1.4905 per share.
In connection with the foregoing, we relied upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving a public offering.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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