9. Former name or former address, if changed since last report
None
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
2,884,232,615
11. Indicate the item numbers reported herein
Other Matters
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Puregold Price Club, Inc.PGOLD
PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Amendment of Article II of the company's Articles of Incorporation
Background/Description of the Disclosure
Amendment of Article II of the company's Articles of Incorporation to include the following:
"To act as joint and solidary obligor, mortgagor, guarantor, or surety for principal and accessory security obligations incurred to or be incurred by subsidiaries, affiliates, sister companies, and other corporations."
Date of Approval by Board of Directors
Jul 9, 2020
Date of Approval by Stockholders
TBA
Other Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
TBA
Date of Receipt of SEC approval
TBA
Amendment(s)
Article No.
From
To
Article II - Secondary Purpose
please see attached
please see attached
Rationale for the amendment(s)
The amendment will enable the company to provide its subsidiaries with credit security usually required by banks and other financial institutions not only from the subsidiaries but also from the company.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC
TBA
Expected date of SEC approval of the Amended Articles of Incorporation
TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any