Stock Authorization. The total number of shares of capital stock that the Corporation shall have the authority to issue is one hundred fifty million (150,000,000) shares, which shall consist of (i) one hundred million (100,000,000) shares of Common Stock, par value ($0.0015) per share (the "Common Stock") and (ii) fifty million (50,000,000) shares of Preferred Stock, par value ($0.01) per share (the "Preferred Stock").
Appears in 1 contract
Sources: Securities Purchase Agreement (Queen Sand Resources Inc)
Stock Authorization. The total aggregate number of shares of capital stock that the Corporation shall have the authority to issue is one hundred fifty million (150,000,000) 10,000 shares, which shall consist of (i) one hundred million (100,000,000) 9,000 shares of Common Stock, par value ($0.0015) 0.01 per share (the "Common StockCOMMON STOCK") and (ii) fifty million (50,000,000) 1,000 shares of Preferred Stock, $0.01 par value ($0.01) per share (the "Preferred StockPREFERRED STOCK")."; and
Appears in 1 contract