26 Feb 2018capital raising announcement● NeutralMajor
The company renamed itself from International Western Petroleum to Norris Industries (new ticker NRIS), tripled its authorized share count, and created a new "blank check" preferred stock class - using it to convert a $750,000 promissory note owed to JBB Partners into 1,000,000 shares of new Series A Preferred Stock, eliminating that debt.