Business
Rewards Nexus Increases Its Authorized Common Shares
Rewards Nexus Increases Its Authorized Common Shares.
About this update from Metawells Oil & Gas Inc.
[{"type":"text","content":"\n \n Normal\n 0\n \n \n \n \n false\n false\n false\n \n EN-US\n X-NONE\n X-NONE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\nRewards Nexus Inc. (OTC: ERNI)\nannounced today an increase of its authorized common shares from 100,000,000 to\n250,000,000. This change\nwas effected through an amendment to the Company?s Articles of Incorporation,\nwhich was filed with the Nevada Secretary of State on December 4, 2013. \n\nNikolaos Mangas, President and\nTreasurer of Rewards Nexus, stated ?This is a long-term strategic move that was\npreviously planned in the effort to expand the Company. This increase in\nauthorized common shares will enhance our ability to access additional equity\ncapital for appropriate corporate purposes in the future such as, reducing debt\nand creating opportunities for further acquisitions; and to increase our\nshareholder base. The Board of Directors has no plans to issue all of these\nshares to the public. The shares will remain within the corporate treasury and\nwill only be issued at the appropriate time and in a reasonable quantity.\"\n\nAbout Rewards Nexus Inc.\n\nRewards Nexus offers U.S. retailers\ninnovative loyalty solutions including rewards and gift card programs, along\nwith emerging marketing strategies aimed at consumers. Rewards Nexus grows\nthrough acquisitions and cooperative agreements with companies that have high\npotential and capabilities of achieving sustainable growth, resulting in a\nrapidly acquiring market share. The Company builds key strategies for its\nsubsidiaries while providing financing and operational business support. \n\nwww.rewardsnexus.com\n\nIssued by Rewards Nexus Inc.\n\nFor further information in this\nrelease please contact Mrs. Vasiliki Anagnostou at Rewards Nexus Inc. on tel.:\n212-688-1007, e-mail: [email protected].\n\nThis document was produced by and\nthe opinions expressed are those of Rewards Nexus Inc. as of the date of\nwriting and are subject to change without obligation to update. It has been\nprepared solely for information purposes and for the use of the recipient. It\ndoes not constitute an offer or an invitation by or on behalf of Rewards Nexus\nInc. to any person to buy or sell any security. Any reference to past\nperformance is not a guide to future performance. The information and analysis\n...