Toronto, Ontario- June 3, 2015- GoldLand Holdings Company (OTC-PINK: GHDC) announces that its Board of Directors agreed, as a follow up to the 2-year (24- month) hold or $2.00 common stock price conversion freeze on their preferred stock, to a dilution clause, allowing majority vote of the Board of Directors, to lower the 10–to-1 preferred stock conversion to common stock, once the conversion pricing or 2-year terms have been met.
GoldLand Holdings Company will be issuing a complete Board Resolution that will be signed by all members on the preferred stock they issued themselves to take control and remove the past management. This pending resolution will NOT ONLY NOT be accepted for conversion unless a 2-year (24-month) period or $2.00 per share common stock price from the date of this release occurs, but can also now potentially be lowered from a 10-to-1 preferred to common stock conversion to a more reasonable conversion to benefit the Company and its shareholders.
Mr. John Gwynne Prosser II, Chairman, stated, “We are all in this together and we all need to be respectful of each other in order to build a bright and healthy future. So it is only right that the Board implement the changes to ‘Preferred’ conversion ratios based off performance.”
About Goldland Holdings Company:
GoldLand Holdings Company (OTC-PINK: GHDC) is a diversified Company, holding gold and silver mining properties in North America, as well as gaming equipment leased to an operator in South America.
GoldLand Holdings Company cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, vagaries of trade, market competition and other risks detailed herein and from time to time in the U.S. Securities and Exchange Commission filings of the Company.