Quasar Aerospace Industries, Inc. CEO Announces Increase in the Corporation's Authorized Shares
February 09 2010 - 3:29PM
Marketwired
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) -- Dean
Bradley, the CEO of Quasar Aerospace Industries, Inc. hereby
informs the public that the Board of Directors of the corporation
has approved unanimously a resolution increasing the number of
Authorized Shares (A/S) of common stock from 750,000,000 to
1,500,000,000. The officers have filed Amended and Restated
Articles of Incorporation with the Secretary of State for Colorado
effecting this change.
The reason for this change is that the terms of the funding of
the balance of our $350,000,000 financing requires us to issue
Class B non-voting shares equal to forty percent of the total
outstanding common stock to the lender.
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause
future circumstances, events, or results to differ materially from
those projected in the forward-looking statements as a result of
various factors, and other risks. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place undue reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and
Quasar Aerospace Industries, Inc. under take no obligation to
update such statements.
Contact: Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
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