Dakshidin Corporation Increases Authorised Share Capital
Las Vegas, Nevada--(Newsfile Corp. - March 23, 2021) - Dakshidin Corporation (OTC Pink: DKSC) shareholders representing more than 50% of all outstanding shares voted in favor of increasing the authorised share capital by 50%.
Dakshidin Corporation had not issued any shares out of treasury for more than 2 years. The total issued and outstanding during that time was within 0.2% of the total authorised. This increase will allow the company to explore various opportunities, the first of which is expected to be announced shortly. Any shares issued out of treasury will have the usual rule 144 restriction. At this time the company is not planning to file a registration statement to lift that restriction.
Dakshidin CEO Chris Haigh said: "This past year has been extremely challenging for everyone, however our involvement in the PPE world has proven to be a positive experience, enabling us to work with clients and manufacturing partners all over the world. We have added several products to our product offerings. Four of which we have exclusive agreements with and three of those have their own patents, This increase will allow us the room to look at marketing and distribution deals in our ongoing efforts to increase shareholder value."
About Dakshidin Corporation (DKSC) and Whitechapel Holdings
DKSC has positioned itself as an innovator and industry leader in the quickly emerging organic health and wellness industry.
Dakshidin Corporation - Investor Relations
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Forward looking statements
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
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