FINANCE
The Share Capital Structure of Great West Gold, Inc. as at November 9, 2005 is :-
50,000,000,000 Authorized Shares of Common Stock.
46,227,193,220 shares of Common Stock are in issue at this time.
43,852,477,949 shares of the Issued Common Stock are restricted under Regulation 144*
A total amount of 2,374,715,271 shares of the Company's Common Stock is "free trading" but this does not translate into actual sales. Many shareholders "free up" their stockholdings but do not sell the stock.
* Regulation 144 prohibits sales of these shares until one year has elapsed from the date of issue of these shares. Furthermore, not more than 1% of the outstanding company's shares may be sold by any one shareholder every three months.
Great West Gold, Inc. undertakes to update this information on restricted and "free trading" shares as it changes (and as shares become "free trading") or as shares are issued by the Company. The Company wishes to dispel any notions that any shares are being sold without regulatory approval, this being illegal and impossible; the Transfer Agent and no NASD Licensed Broker/Dealer would not (and could not) participate in these activities.
Any shareholder wishing to dispose of restricted shares (Regulation 144) requires Counsel's Opinion and has to file their intention to sell these shares with the SEC. No shareholder may obtain a "de-restriction" of their stock from the Transfer Agent without having sought and obtaining this permission from Corporate Counsel and by a prior filing of their intention to sell their shares with the SEC.
A complete list (updated daily) of these filed notifications to dispose of the Company's Stock (published by the SEC) can be obtained from :-
finance.yahoo.com/q/it?s=GWGO.OB or from www.edgar-online.com
This list gives any investor an immediate "snapshot" of what shares could or have been sold by various shareholders over the last few years.
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