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Stock Market & Financial Investment News

News Breaks
November 29, 2012
12:37 EDTGMXRGMX Resources shareholders approve reverse stock split proposal
On November 29, GMXR held a special meeting of shareholders in Oklahoma City. At the Special Meeting, the shareholders approved a proposal to grant the Board of Directors of the company discretionary authority to amend the company's Certificate of Incorporation to effect a reverse stock split of the issued and outstanding shares of the company's common stock, par value $0.001 per share, such split to combine a whole number of outstanding shares of Common Stock in a range of not less than five (5) shares and not more than thirteen (13) shares, into one share of Common Stock at any time prior to January 31, 2013. The Board of Directors of the company has not yet determined the number of shares of Common Stock to be applicable in the Reverse Split Proposal or set any date to effect the reverse stock split, but the company expects to effect such split prior to January 31, 2013 when determined and approved by the Board of Directors.
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