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MMEX Resources Corp Issues Common Stock to Consultants
MMEX
Executive Compensation
- MMEX Resources Corporation issued an aggregate of 8,025,000,000 shares of common stock on August 26, 2025, and an additional 1,114,749,216 shares on September 2, 2025, to consultants.
- These issuances were made to satisfy past due obligations and upon conversion of previously issued convertible notes.
- The common stock was issued to consultants in lieu of cash compensation to conserve working capital and align their interests with shareholders.
- The sales were unregistered under the Securities Act of 1933 and state securities laws, relying on exemptions.
Sep 2, 2025, 4:43 PM
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