Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On July 31, 2020, we issued a total of 1,116 shares of common stock to the four directors serving on the Company’s Board of Directors who are also a chairperson of a committee. The shares were issued as compensation for services rendered during the fiscal quarter ended July 31, 2020. The shares were issued to the directors pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act since, among other things, the transactions did not involve a public offering.
Item 3. Defaults upon Senior Securities
Nothing to report.
Item 4. Mine Safety Disclosures
Nothing to report.
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