OKMIN RESOURCES, INC.
For the period ended Mar 31, 2025. Filed May 16, 2025.
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Mar 31, 2025 · Filed May 16, 2025
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Item 1A. RISK FACTORS
Risk factors describing the major risks to our business can be found under Item 1A, “Risk Factors”, in our Annual Report on Form 10-K for the year ended June 30, 2024. There has been no material change in our risk factors from those previously discussed in the Annual Report on Form 10-K.
During the nine month period ended March 31, 2025, the Company issued the following shares of common stock in lieu of cash for services:
| · | On November 12, 2024, the board of directors approved the issuance of 250,000 common shares at $0.04 per share in connection with consulting services for the Company’s filings preparation, compliance matters and business activities. |
| · | In connection with ongoing services, the Company issued 2,500,000 common shares at $0.04 per share on November 12, 2024 to Samuel Naparstek, who has been a corporate consultant to the Company since 2021 and took up a position to join the Board of Directors as of July 31, 2024. |
| · | On December 3, 2024, the Company issued 225,000 common shares at $0.04 per share to Sierra Land Resources, LLC in connection with ongoing consulting on the Company’s oil and gas properties. |
None
Not applicable.
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