OKMIN RESOURCES INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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Dec 31, 2023 · Filed Feb 14, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During the six month period ended December 31, 2023, the Company issued the following shares of common stock in lieu of cash for services:
As of August 1, 2023, the Company issued 460,000 shares pursuant to a consulting agreement which vest quarterly, at a deemed price of $0.22 per share. During the six months ended December 31, 2023 we expensed $50,600 in connection with this agreement.
As of August 28, 2023, the Company issued 59,375 shares at a deemed price of $0.12 per share for previous services valued at $7,125 rendered by its consulting geologist.
On November 27, 2023, the Company issued 151,305 shares at a deemed price of $0.10 per share for services valued of $15,131 pursuant to an ongoing services agreement with Sierra Land Resources, LLC, in connection with Land and Resource Development work.
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