MMEX Resources Corporation Issues Over 9 Billion Shares to Consultants to Fulfill Past Obligations
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MMEX Resources Corporation has issued over 9 billion shares of common stock to consultants to meet past obligations and conserve working capital. The issuance, effective August 26 and September 2, 2025, totaled 9,139,749,216 shares, with 8 billion shares issued first and 1.1 billion shares later. This issuance was unregistered under the Securities Act, relying on specific exemptions. The share price was not disclosed.
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