Common Stock- Securities representing equity ownership in a corporation, providing voting rights, and entitling the holder to share in the company's success through dividends or capital appreciation. As of November 27, 2019, the registrant's outstanding common stock consisted of 317,943,990 shares. On July 22, 2019, Hunt Mining Corp. (“Hunt", or “Hunt Mining"), completed a reverse acquisition with Patagonia Gold PLC "(Patagonia)" on the terms that Hunt would acquire all issued shares of common stock of Patagonia in exchange for common shares of Hunt Mining on the basis of 10.76 Hunt shares for each Patagonia share. Hunt issued 254,355,192 common shares to the shareholders of Patagonia representing an ownership interest

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

Please refer to the sample and paraphrase the ''common stock''. Please write a close word count to the sample and do not change the company name and figure, just explain in other words. The below images are the same, I just separated them.

Common Stock- Securities representing equity ownership in a corporation, providing voting
rights, and entitling the holder to share in the company's success through dividends or capital
appreciation. As of November 27, 2019, the registrant's outstanding common stock consisted of
317,943,990 shares. On July 22, 2019, Hunt Mining Corp. (“Hunt", or “Hunt Mining"),
completed a reverse acquisition with Patagonia Gold PLC "(Patagonia)" on the terms that Hunt
would acquire all issued shares of common stock of Patagonia in exchange for common shares of
Hunt Mining on the basis of 10.76 Hunt shares for each Patagonia share. Hunt issued
254,355,192 common shares to the shareholders of Patagonia representing an ownership interest
sample
Transcribed Image Text:Common Stock- Securities representing equity ownership in a corporation, providing voting rights, and entitling the holder to share in the company's success through dividends or capital appreciation. As of November 27, 2019, the registrant's outstanding common stock consisted of 317,943,990 shares. On July 22, 2019, Hunt Mining Corp. (“Hunt", or “Hunt Mining"), completed a reverse acquisition with Patagonia Gold PLC "(Patagonia)" on the terms that Hunt would acquire all issued shares of common stock of Patagonia in exchange for common shares of Hunt Mining on the basis of 10.76 Hunt shares for each Patagonia share. Hunt issued 254,355,192 common shares to the shareholders of Patagonia representing an ownership interest sample
of approximately 80%. The operating name of Hunt Mining Corp. has been changed to Patagonia
Gold Corp.
sample
Transcribed Image Text:of approximately 80%. The operating name of Hunt Mining Corp. has been changed to Patagonia Gold Corp. sample
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Information system controls
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education