Description of the Registrants Securities
Exhibit 4.20
Goldrich Mining Company
DESCRIPTION OF REGISTRANTS SECURITIES
Goldrich Mining Company (the Company) is authorized to issue 750,000,000 shares of common stock, $0.10 par value, and 10,000,000 shares of preferred stock, no par value.
Common Stock
Each holder of the Companys common stock is entitled to one vote per share in the election of directors and on all other matters submitted to the vote of shareholders. No holder of the Companys common stock may cumulate votes in voting for our directors.
Subject to the rights of the holders of any the Companys preferred stock that may be outstanding from time to time, each share of common stock will have an equal and ratable right to receive dividends as may be declared by the Companys board of directors out of funds legally available for the payment of dividends, and, in the event of liquidation, dissolution or winding up of the Company, will be entitled to share equally and ratably in the assets available for distribution to the Companys shareholders. No holder of the Companys common stock will have any preemptive right to subscribe for any of the Companys securities.
We have not paid any dividends and do not anticipate the payment of dividends on our common stock.
The Companys common stock is quoted under the symbol GRMC on the OTCQB of the OTC Markets. The OTCQB is a network of security dealers who buy and sell stock. The dealers are connected by a computer network which provides information on current bids and asks as well as volume information. The OTCQB is not considered a national securities exchange.