MMEX Resources issues 1.565B shares to related-party consultants for past-due services and note conversions

MMEX Resources Corp

Issued 1,565,000,000 shares of common stock on October 21, 2025 to consultants including parties related to directors Jack Hanks and Bruce Lemons.
Shares issued to satisfy past due obligations for services or upon conversion of convertible notes, conserving working capital.
Issuance was unregistered, exempt under Section 4(a)(2) and Regulation D of the Securities Act.
Consultants include related parties; no cash consideration received for the shares.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

MMEX Resources Corp issued 1,565,000,000 shares of common stock of common stock to key consultants for in lieu of cash compensation.

Security: common stock
Shares: 1,565,000,000 shares of common stock
Purchaser: key consultants
Consideration: in lieu of cash compensation

Exact text from the filing

Effective October 21, 2025, we issued an aggregate of 1,565,000,000 shares of common stock to the consultants in order to satisfy a portion of the past due obligations

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MMEX Resources Corp filing history →

Source: SEC EDGAR

accession 0001477932-25-007704

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