$CEGX: 8k JUST OUT...On January 5, 2017, Cardinal Energy Group, Inc. (the “Company”) filed a Form 8-K in which it reported, in part, that on or about December 30, 2016, the Company issued to each of Meyers Associates, L.P. and to Gregory R. Traina 150,000,000 shares each of its restricted common stock in connection with placement agent and other services rendered to the Company, resulting in a total issuance of 300,000,000 shares of restricted common stock (collectively, the “Shares”).
Effective on or about
February 10, 2017, 250,000,000 of the Shares were rescinded and returned to the treasury of the Company resulting in 50,000,000 of the Shares from the original issuance of 300,000,000 Shares described above remaining issued and outstanding.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11947932
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