Also noted in the current Quarterly Report was the share count as of March 31, 2016:
C. Beneficial Shareholders
Other. The ownership or management or anyone known to the issuer who beneficially owns more than 5% of the outstanding shares as of the date hereof:
Name, # Of Shares Beneficially Owned, & % Owned
Cede & Co. 906,504,556 (67.2%)
Compañia Minera Altos de Lipangue Limitada 109,936,500 (8.2%)
Juan Jose Quijano Claro 92,864,713 (6.9%)
Cede & Co. is the nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock. The Company believes that The Depository Trust Company is the largest security depository and post-trade financial services company in the world. Cede & Co. is commonly referred to as “Street Name.” Other than those listed below, the Company is not aware of any individual shareholders who hold 5% or more of the Company’s Common stock.
Compañia Minera Altos de Lipangue Limitada is a corporation owned and controlled by Juan José Quijano Fernández, a former director of the Company. The Company believes that the shares referenced above may be subject to the transaction described in Item 6) A Business Development, under the heading “Material Agreement Regarding Future Share Issuance.”
To the best knowledge and belief of the issuer, no broker, dealer or any other person associated with a broker/dealer is associated directly or indirectly with the issuer.
One can infer that 17.7% of shares (approximately 239 million) are currently held in certificate form.