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IBEX ADVANCED MORTGAGE TECHNOLOGY, INC. FILES (8-K) Disclosing Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year

June 26, 2014



Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On June 23, 2014, the Board of Directors recommended and a majority of the shareholders approved decreasing the authorized capital of the Company from Five Billion (5,000,000,000) Shares to Two Hundred Fifty Million (250,000,000) shares. The effective date of this corporate action was June 23, 2014.

Accordingly, beginning on June 23, 2014, the total authorized capital of the Company will be comprised of 250,000,000 shares of common stock.

This was just a reduction in the authorized capital; the number of issued and outstanding shares was not changed and remains the same.


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Source: Edgar Glimpses


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