Daybreak Oil & Gas8 Feb 2022 11:13
On January 25, 2022, Daybreak Oil and Gas, Inc. (OCT PINK:DBRM), a Washington corporation ("Daybreak" or the "Company"), obtained the approval of a majority of the outstanding shares of the Company's Series A Preferred shares to convert each Series A Preferred share to three (3) shares of Daybreak's common stock, par value $0.001. The accrued and unpaid dividends of $2,449,979 with respect to the Series A Preferred Stock (the "Series A Conversion") will also be converted into 1,100,000 shares of common stock.