LODE-STAR MINING INC. Lode-Star Mining Inc. (OTCPK:LSMG) acquired assets used in connection with the business from Sapir Pharmaceuticals Inc. on December 28, 2021. The purchase price for the Business paid by the Company was the issuance to Sapir of one million shares of Series A Convertible Preferred Stock, valued at a price of $1.00 per share. The Preferred Stock is convertible to shares of the common stock of the Company at a conversion rate of 450 shares of Preferred Stock to each share of common stock.
Each share of the Preferred Stock entitles Sapir to 450 votes for each share of stock.
