Quest Water Global increases authorized shares to 500M; insiders convert $3.04M debt into 46.7M shares

Quest Water Global, Inc.

Shareholders approved increase of authorized common shares from 95M to 500M; Certificate of Amendment filed July 21, 2022.
CEO John Balanko and CFO Peter Miele each converted $1,519,000 in management fee debt into 23,369,230 shares at $0.065/share.
Total 46,738,460 shares issued to insiders on July 22, 2022; exempt under Section 4(a)(2) and Regulation S.
Conversion clears $3,038,000 in unpaid management fees accrued from April 2014 to June 2022.
Authorized preferred stock unchanged at 5M shares; proceeds used to satisfy insider debt.

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