PETROTERRA CORP. (OTCMKTS:PTRA) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03
On August 7, 2017, PetroTerra Corp. (the “Company”) filed an Amended and Restated Certificate of Designation, Preferences and Rights of the Series A Convertible Preferred Stock (the “Amended and Restated Certificate of Designation”) amending and restating certain provisions of the preferred stock designated as “Series A Convertible Preferred Stock”. to the Amended and Restated Certificate of Designation, provisions capping the amount of conversion shares to be issued by the Company to holders of the Company’s Series A Convertible Preferred stock were amended and restated. The Amended and Restated Certificate of Designation was approved by the requisite stockholders.
| Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On August 7, 2017, the Company filed the Amended and Restated Certificate of Designation with the Nevada Secretary of State. The Certificate of Amendment to Certificate of Designation is attached hereto as Exhibit 4.1 and incorporated herein by reference. The Amended and Restated Certificate of Designation became effective upon filing with the Nevada Secretary of State.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description |
| 4.1 | Certificate of Amendment to the Certificate of Designation, Preferences and Rights of the Series A Convertible Preferred Stock of PetroTerra Corp., dated August 7, 2017. |
PETROTERRA CORP. Exhibit…To view the full exhibit click here
About PETROTERRA CORP. (OTCMKTS:PTRA)
PetroTerra Corp. is a development-stage company. The Company holds oil and gas leases for property in the Central Utah Thrust Belt in Sevier County and Beaver County, Utah. As of March 31, 2016, the Company’s leases covered 5,950.54 gross acres in Sevier and Beaver counties in southwest Utah. The Company’s Sevier leases are UTU-89243 and UTU-89244, and its Beaver county lease is UTU-86466. As of March 31, 2016, the Company had not generated any revenues. The Company focuses on seeking a strategic alternative both inside and outside of the oil and gas market. The Company was an independent exploration and development company focused on the acquisition of property.
