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Mustang Geothermal Corp. announced today important information concerning actions taken by the Company as the result of its entrance into a Material Definitive Agreement on March 8, 2012.
As was previously disclosed by the Company in a Form 8-K filed on March 9, 2012 and announced in a separate press release, a majority of the Company's stockholders eligible to vote approved and authorized the Company's Board of Directors of the Company to:
- Implement a 10:1 reverse split on all of the common shares of Mustang;
- Change the name of the Company to Dakota Territory Resource Corp, and apply for a new ticker symbol; and
- Acquire all of the issued and outstanding common shares of North Homestake Mining Company (North Homestake), a Nevada Corporation.
