OKMIN RESOURCES INC
For the period ended Mar 31, 2024. Filed Jun 26, 2024.
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Mar 31, 2024 · Filed Jun 26, 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 nine month period ended March 31, 2024, 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 nine months ended March 31, 2024 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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