1 for 5
posted on
Oct 07, 2009 05:16PM
In Chapter 7 BK
Voluntary Changes Deemed Beneficial to Firstgold
In addition to the changes required by Northwest described above, the Company is seeking stockholder approval for several other changes which the Board believes to appropriate at this time including a 1-for-5 consolidation of its outstanding common stock, increasing its authorized shares to 500,000,000 shares, allowing for automatic adjustments to the number of shares issuable pursuant to the Company's 2006 Stock Option Plan and amending and restating the Company's Bylaws.