GOLD LAKES CORP. (OTCMKTS:GLLK) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws,
Change in Fiscal Year.
On March 27, 2017, the Company filed a Certificate of Amendment
with the Nevada Secretary of State to increase the Companys
authorized shares of common stock to 20,000,000,000 shares
($0.001 par value) and to authorize up to 10,000,000 shares of
blank check preferred stock ($0.001 par value). On March 27,
2017, to a resolution approved by the Companys Board of
Directors, the Company filed a Certificate of Designation with
the Nevada Secretary of State designating up to 9,000,000 shares
of Series A Restricted Preferred Stock. The Series A Preferred
Stock has 2,000 votes per share and is convertible into shares of
the Companys Restricted common stock at a conversion ratio of
2,000 shares of common stock for each share of preferred stock.
The Series A Preferred Stock has a liquidation preference equal
to the original issue price. This description of the Series A
Preferred Stock is qualified in its entirety by reference to the
actual provisions of the Certificate of Designation.
Item 8.01 Other Events.
On April 10, 2017, the Board of Directors issued 9,000,000 shares
of Series A Restricted Preferred Stock to Flex Mining, Ltd., in
respect to all sums owed. The Preferred Stock will be considered
the Companys new control block and will never be converted into
Common Stock.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits:
|
Exhibit 3.1 |
Certificate of Amendment to Articles of Incorporation filed |
|
Exhibit 3.2 |
Certificate of Designation of Series A Preferred Stock |
|
|
About GOLD LAKES CORP. (OTCMKTS:GLLK)
Gold Lakes Corp. is an exploration-stage company. The Company is engaged in the business of exploring, mining and developing of precious metals and primarily gold. The Company’s properties include big monty property and ponderosa property. As of July 31, 2016, the big monty property consisted of seven claims totaling 2,846 acres and was located approximately 70 kilometers north of Kirkland Lake, Ontario, and 68 kilometers east of Timmins, Ontario. The Company focuses on conducting exploration activities on the big monty claims. As of July 31, 2016, the ponderosa property consisted of 329 claim units encompassing over 13,000 acres and was located in the townships of Frecheville, Stoughton and the Mistaken Islands of Ontario, Canada. As of July 31, 2016, the Company had not generated any revenues. GOLD LAKES CORP. (OTCMKTS:GLLK) Recent Trading Information
GOLD LAKES CORP. (OTCMKTS:GLLK) closed its last trading session 00.00000 at 0.00030 with 397,212,831 shares trading hands.