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Non-Tech : US Global Nanospace (USGA)
USGA 0.00002000.0%Mar 7 3:00 PM EST
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To: scion who wrote (25)2/20/2004 10:05:10 PM
From: scion  Read Replies (1) of 132
 
Section 242 of the Delaware General Corporation Law

Section 242 of the Delaware General Corporation Law permits the amendment of a corporation’s certificate of incorporation to allow for an increase or decrease of the aggregate number of authorized shares of a class so long as the holders of at least a majority of the issued and outstanding shares of the effected class approve the action.

Effective Date

The Authorized Shares Amendment will become effective upon the filing of the Amendment with the Delaware Secretary of State. Under federal securities laws, US Global cannot file the Amendment until at least 20 days after mailing this Information Statement
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