UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14C INFORMATION
Information
Statement Pursuant to Section 14(c) of the Securities
Exchange
Act of 1934
[X]
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Filed
by Registrant
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[
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Filed
by Party other than Registrant
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Check
the appropriate box:
[X]
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Preliminary Information Statement
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Confidential, for Use of the Commission Only
(as permitted by Rule 14c-5(d)(2))
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[ ]
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Definitive Information Statement
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TIGER
OIL & ENERGY, INC.
(Name
of Registrant as Specified in Its Charter)
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Payment of Filing Fee (Check the
appropriate box):
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[X]
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No fee required.
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Fee computed on table below per
Exchange Act Rules 14c-5(g) and 0-11.
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(1)
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Title of each class of securities
to which transaction applies: Common Stock: Par Value $0.00001
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(2)
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Aggregate number of securities to which transaction
applies: Not Applicable.
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(3)
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Per unit price or other underlying value of
transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state
how it was determined):
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Not Applicable.
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(4)
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Proposed maximum aggregate value of transaction:
Not Applicable.
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(5)
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Total fee paid: Not Applicable.
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[ ]
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Fee paid previously with preliminary
materials. Not Applicable.
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Check box if any part of the fee
is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
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for which the offsetting fee was
paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its
filing.
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(1)
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Amount previously paid:
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(2)
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Form, Schedule or Registration Statement No.:
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(3)
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Filing Party:
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(4)
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Date Filed:
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TIGER
OIL & ENERGY, INC.
7230
Indian Creek Ln., Ste 201
Las
Vegas, NV, 89149
(702)
839-4029
www.tigeroilandenergy.com
PRELIMINARY
INFORMATION STATEMENT
Pursuant
to Section 14(c) of the Securities Exchange Act of 1934
NO
VOTE OR ACTION OF THE COMPANY'S STOCKHOLDERS
IS
REQUIRED IN CONNECTION WITH THIS INFORMATION STATEMENT.
WE
ARE NOT ASKING YOU FOR A
PROXY
AND YOU ARE REQUESTED NOT TO SEND A PROXY.
Dear
Stockholders:
We
are writing to advise you that TIGER OIL & ENERGY, INC., a Nevada corporation, (the "Company", "we",
"our", "us" or words of similar import) has obtained the written consent of the stockholder
of the Company owning at least a majority of the outstanding shares of the Company securities entitled to vote on the matter set
forth in this Information Statement as of the Record Date (the "Majority Stockholder") to the following corporate
action:
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To effect a reverse stock
split of all the outstanding shares of the Company’s Common Stock at a ratio of one post-split share for every twenty-five
thousand pre-split shares (1:25,000), without changing the $0.0001 par value or authorized amount of Common Stock (the “Reverse
Stock Split”), with fractional shares resulting from the Reverse Stock Split being rounded up to the nearest whole
number.
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The
foregoing actions were approved on December 12, 2019 by our Board of Directors. In addition, on December 12, 2019 (the "Record
Date") the holder of 83.63% of the Company's outstanding voting securities approved the Reverse Stock Split. The number
of shares voting for the Reverse Stock Split was sufficient for approval.
The
Reverse Stock Split will only become effective after completion of regulatory review by FINRA and SEC, filing an Amendment to
the Articles of Incorporation with the Secretary of State of the Nevada, and twenty (20) days after the mailing of a definitive
Information Statement to our stockholders entitled to receive notice thereof, expected to be on or around January 24, 2019 (the
“Effective Date”). The Company will advise stockholders when the Reverse Stock Split is effective by filing
a Current Report on Form 8-K with the SEC.
Section
78.320 of the Nevada Revised Statutes (the "NRS") provides in part that any action required or permitted to be
taken at a meeting of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto
is signed by stockholders holding at least a majority of the voting power, except that if a different proportion of voting power
is required for such an action at a meeting, then that proportion of written consents is required.
In
order to eliminate the costs and management time involved in obtaining proxies and in order to effect the above actions as early
as possible in order to accomplish the purposes of the Company as herein described, the Board consented to the utilization of,
and did in fact obtain, the written consent of the Consenting Stockholders who collectively own shares representing a majority
of our Voting Stock.
The
entire cost of furnishing this Information Statement will be borne by the Company. The Company will request brokerage houses,
nominees, custodians, fiduciaries and other like parties to forward this Information Statement to the beneficial owners of the
Common Stock held of record by them and will reimburse such persons for their reasonable charges and expenses in connection therewith.
WE
ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
No
action is required by you. The accompanying Information Statement is furnished only to inform our stockholders of the actions
described above before they take place in accordance with Rule 14c-2 of the Securities Exchange Act of 1934. This Information
Statement is first mailed to you on or about December____, 2019.
If
you have any questions on the enclosed Information Statement you may contact us directly. We thank you for your continued interest
in our Company.
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By
Order of the Board of Directors of
TIGER
OIL & ENERGY, INC.,
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_____________, 2019
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By
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/s/Howard
Bouch
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Howard Bouch,
CEO
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GENERAL
This
Information Statement is being furnished to the stockholders of Tiger Oil & Energy, Inc. as of December 12, 2019 (the "Record
Date") in connection with the written consent of the holder of a majority of our issued and outstanding voting securities.
FORWARD
LOOKING STATEMENTS
This
Information Statement contains forward-looking statements about the Company's business containing the words "believes,”
"anticipates", "expects" and words of similar import. These forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual results or performance to be materially different from the results
or performance anticipated or implied by such forward-looking statements. Given these uncertainties, stockholders are cautioned
not to place undue reliance on forward-looking statements. Except as specified in SEC regulations, the Company has no duty to
publicly release information that updates the forward-looking statements contained in this Information Statement. An investment
in the Company involves numerous risks and uncertainties, including those described elsewhere in this Information Statement. Additional
risks will be disclosed from time-to-time in future SEC filings.
SECURITY
OWNERSHIP OF
CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT
The
following table sets forth information with respect to the beneficial ownership of shares of our Common Stock, Series A Preferred
Stock and Series C Non-Convertible Preferred Stock as of the Record Date owned by our officers, directors and each person known
by us to beneficially own 5% or more of the outstanding voting shares of such class of stock, based on filings with the Securities
and Exchange Commission and certain other information, each of our "named executive officers" and directors, and all
of our executive officers and directors as a group.
Except
as otherwise indicated in the notes to the following table, we believe that all shares are beneficially owned, and investment
and voting power is held by the persons named as owners.
Beneficial
Stockholder (1)
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Common
Stock
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Series
A
Preferred
Stock
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Series
C Non-Convertible Preferred Stock
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Amount
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Percent
of
Class
(2)
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Amount
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Percent
of
Class (3)
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Amount
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Percent
of
Class
(4)
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Howard
Bouch
—CEO, Pres., Chairman
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67,018,000
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4.47%
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100,000
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98.03%
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100,000
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100%
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All
Officers and Directors as a group (person)
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67,018,000
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4.47%
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100,000
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98.03%
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100,000
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100%
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(1)
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Unless
otherwise indicated, the address of the Beneficial Stockholder is c/o Tiger Oil & Energy, Inc., 7230 Indian Creek
Ln., Ste 201, Las Vegas, NV, 89149.
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(2)
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Applicable
percentage ownership is based on 1,498,908,173 shares of Common Stock outstanding as of the Record Date.
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(3)
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Applicable
percentage ownership is based on 102,013 shares of Series A Preferred Stock outstanding as of the Record Date. Holders
of the Preferred Stock are entitled to vote on a matter with Holders of Common Stock, voting together as one class, each
share of Series A Preferred Stock shall be entitled to twenty-five hundred (2,500) votes.
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(4)
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Applicable
percentage ownership is based on 100 shares of Series C Non-Convertible Preferred Stock outstanding as of the Record Date.
The outstanding shares of Series C
Non-Convertible Preferred Stock votes together
with the shares of Common Stock and other voting securities of the Company
as a single class and, regardless of the number
of shares of Series C Non-Convertible Preferred
Stock outstanding and as long as at least
one share of Series C Non-Convertible Preferred Stock is
outstanding, such share shall represent eighty
percent (80%) of all votes entitled to be voted
at any annual or special meeting of stockholders of the Company or action by written consent of stockholders.
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CORPORATE
ACTION TO BE TAKEN
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To effect a reverse stock
split of all the outstanding shares of the Company’s Common Stock at a ratio of one post-split share per twenty-five
thousand pre-split shares (1:25,000), without changing the $0.0001 par value or authorized amount of Common Stock (the “Reverse
Stock Split”), with fractional shares resulting from the Reverse Stock Split being rounded up to the nearest whole
number.
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Background:
The
members of the Board of Directors and stockholder owning approximately 83.63% of the outstanding voting securities of the Company
(the "Majority Stockholder") have executed a written consent approving the Reverse Stock Split. The Majority
Stockholder held on the Record Date total of 67,018,000 shares of our Common Stock, 100,000 shares of our Series A Preferred
Stock and 100 shares of our Series C Non-Convertible Preferred Stock. Each share of Series A Preferred Stock entitles the
holder thereof to 2,500 votes per share. Each share of Series C Non-Convertible Preferred Stock entitles the holder to 80%
of the total votes on any matters brought to a vote of the holders of the Company's Common Stock and has no conversion rights.
As a result, holders of approximately 83.63% of our outstanding voting securities approved the foregoing actions. There was no
other class of securities entitled to vote on these matters. Dissenting stockholders do not have any statutory appraisal rights
as a result of the actions taken. The Board does not intend to solicit any proxies or consents from any other stockholders in
connection with these actions. All necessary corporate approvals have been obtained, and this Information Statement is furnished
solely to advise stockholders of the actions taken by written consent.
Section
78.320 of the Nevada Revised Statutes ("NRS") provides that any action required or permitted to be taken at a meeting
of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders
holding at least a majority of the voting power, except that if a different proportion of voting power is required for such an
action at a meeting, then that proportion of written consents is required. In order to eliminate the costs and management time
involved in obtaining proxies and in order to effect the above actions as early as possible in order to accomplish the purposes
of the Company as herein described, the Board consented to the utilization of, and did in fact obtain, the written consent of
the Majority Stockholders who collectively own shares representing a majority of our Voting Stock.
Upon
completion of the necessary filings, the Reverse Stock Split will decrease the number of outstanding shares to approximately 59,956,
depending the number of fractional shares rounded up to the nearest whole number. The par value and the number of authorized shares
will remain the same as before the Reverse Stock Split.
Commitments
We
have no commitment to issue any Common Stock nor are we in negotiation to issue Common Stock.
Dilutive
Effect
Any
issuance of Common Stock may have a dilutive effect on holders of our Common Stock.
Purpose
and Effect of the Reverse Stock Split
Our
Board believes that, among other reasons, the number of outstanding shares of Common Stock has made it difficult for the Company
to attract new investors and potential business candidates. Our Board proposed the Reverse Stock Split as one method to attract
business opportunities for the Company. Our Board believes that the Reverse Stock Split could increase the stock price of our
Common Stock and that the higher stock price could help generate interest in the Company by investors and provide business opportunities.
However,
the effect of the Reverse Stock Split, if any, upon the stock price for our Common Stock cannot be predicted, and the history
of similar stock split combinations for companies like us is varied. Further, we cannot assure you that the stock price of our
Common Stock after the Reverse Stock Split will rise in proportion to the reduction in the number of shares of Common Stock outstanding
as a result of the Reverse Stock Split because, among other things, the stock price of our Common Stock may be based on our performance
and other factors as well.
The
principal effect of the Reverse Stock Split will be the reduction in the number of shares of Common Stock issued and
outstanding from 1,498,908,173 shares as of the Record Date to approximately 59,956 shares (depending on the number of
fractional shares that are issued). The Reverse Stock Split will affect all of our stockholders uniformly and will not affect
any stockholder’s percentage ownership interest in the Company or proportionate voting power, except to the extent that
the Reverse Stock Split results in any of our stockholders holding a fractional share of our Common Stock. The Common Stock
issued pursuant to the Reverse Stock Split will remain fully paid and non-assessable. The Reverse Stock Split shall not
affect any rights, privileges or obligations with respect to the shares of Common Stock existing prior to the Reverse Stock
Split, nor does it increase or decrease the market capitalization of the Company. The Reverse Stock Split is not intended as,
and will not have the effect of, a “going private transaction” under Rule 13e-3 of the Exchange Act. We will
continue to be subject to the periodic reporting requirements of the Exchange Act.
By
reducing the number of issued and outstanding shares of Common Stock, more shares of Common Stock are available for issuance as
a result of the Reverse Stock Split. The Board believes that the availability of more shares of Common Stock for issuance will
allow the Company greater flexibility in pursuing financing from investors and issuing shares of Common Stock in exchange for
such financing, meeting business needs as they arise, taking advantage of favorable opportunities, and responding to a changing
corporate environment.
The
following chart depicts the capitalization structure of the Company both pre-Reverse Stock Split and post-Reverse Stock Split:
Common Stock
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Pre-Split
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Post-Split
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Authorized
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5,000,000,000
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5,000,000,000
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Outstanding
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1,498,908,173
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59,956
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*
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Available
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3,501,091,827
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4,999,940,044
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*
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*Final
numbers may differ slightly based due to fractional shares being rounded up to nearest whole-number.
Certain
Risks Associated with the Reverse Stock Split
You
should recognize that you will own a lesser number of shares of Common Stock than you presently own. While we hope that the Reverse
Stock Split will result in an increase in the potential stock price of our Common Stock, we cannot assure you that the Reverse
Stock Split will increase the potential stock price of our Common Stock by a multiple equal to the inverse of the Reverse Stock
Split ratio or result in the permanent increase in any potential stock price (which is dependent upon many factors, including
our performance and prospects). Should the stock price of our Common Stock decline, the percentage decline as an absolute number
and as a percentage of our overall market capitalization may be greater than would occur in the absence of a Reverse Stock Split.
Furthermore, the possibility exists that potential liquidity in the stock price of our Common Stock could be adversely affected
by the reduced number of shares of Common Stock that would be outstanding after the Reverse Stock Split. In addition, the Reverse
Stock Split will increase the number of Stockholders of the Company who own odd lots (less than 100 shares). Stockholders who
hold odd lots typically will experience an increase in the cost of selling their shares, as well as possible greater difficulty
in effecting such sales. As a result, we cannot assure you that the Reverse Stock Split will achieve the desired results that
have been outlined above.
Following
the Reverse Stock split, there will be approximately 1,4998,848,217 additional shares of Common Stock available for issuance by
the Board, without further stockholder approval, for stock dividends, acquisitions, raising additional capital, stock options
or other corporate purposes. The additional shares of Common Stock could be used for potential strategic transactions, including,
among other things, acquisitions, strategic partnerships, joint ventures, restructurings, business combinations and investments,
although there are no immediate plans to do so. Assurances cannot be provided that any such transactions will be consummated on
favorable terms or at all, that they will enhance stockholder value or that they will not adversely affect the Company’s
business or the trading price of the Common Stock. Any such issuance of additional shares of Common Stock could have the effect
of diluting the earnings per share and book value per share of outstanding shares of Common Stock, and such additional shares
could be used to dilute the stock ownership or voting rights of a person seeking to obtain control of the Company. The Board is
not aware of any attempt to take control of the Company and has not presented this proposal with the intention that the increase
in the number of available authorized shares of Common Stock be used as a type of antitakeover device. Any additional Common Stock,
when issued, would have the same rights and preferences as the shares of Common Stock presently outstanding. Other than convertible
notes and other agreements previously disclosed by the Company in its public filings, there is currently no plan, agreement or
other understanding that could require the Company to issue shares of Common Stock.
Anti-Takeover
Effects of the Reverse Stock Split
Although
the Series C Non-Convertible Preferred Stock essentially guarantees that the holder(s) thereof will maintain control of matters
subject to a Company stockholder vote, Howard Bouch, the current holder of the outstanding shares Series C Non-Convertible Preferred
Stock is also the Company’s Chief Executive Officer, President and Chairman of the Board. In the event Mr. Bouch would be
required to recuse himself from voting on one or matters presented to the stockholders for a vote, the Company would have more
authorized Common Stock as a result of the Reverse Stock Split which could be issued and dilute the voting power of the Common
Stock held by the disinterested stockholders prior to the issuance.
THE
OVERALL EFFECT OF THE REVERSE STOCK SPLIT MAY BE TO RENDER MORE DIFFICULT THE CONSUMMATION OF MERGERS WITH THE COMPANY OR THE
ASSUMPTION OF CONTROL BY A PRINCIPAL STOCKHOLDER, AND THUS MAKE IT DIFFICULT TO REMOVE MANAGEMENT.
A
possible effect of the Reverse Stock Split is to discourage a merger, tender offer or proxy contest, or the assumption of control
by a holder of a large block of the Company’s voting securities and the removal of incumbent management. Our management
could use the additional shares of Common Stock available for issuance to resist or frustrate a third-party take-over effort favored
by a majority of the independent stockholders that would provide an above market premium by issuing additional shares of Common
Stock.
The
Reverse Stock Split is not the result of management’s knowledge of an effort to accumulate the Company’s securities
or to obtain control of the Company by means of a merger, tender offer, solicitation or otherwise. Nor is the Reverse Stock Split
a plan by management to adopt a series of amendments to the Company’s charter or by-laws to institute an anti-takeover provision.
The Company does not have any plans or proposals to adopt other provisions or enter into other arrangements that may have material
anti-takeover consequences. As discussed above, the reason for the Reverse Stock Split is to increase the number of shares of
Common Stock that the Company is able to issue in order to attract potential investors and conduct equity financings.
Procedure
for Effecting Reverse Stock Split and Exchange of Stock Certificates
The
Reverse Stock Split will only become effective after completion of regulatory review by FINRA and SEC, filing an Amendment to
the Articles of Incorporation with the Secretary of State of the Nevada, and twenty (20) days after the mailing of a definitive
Information Statement to our stockholders entitled to receive notice thereof, expected to be on or around January 24, 2019 (the
“Effective Date”). The Company will advise stockholders when the Reverse Stock Split is effective by filing
a Current Report on Form 8-K with the SEC.
Beginning
on the Effective Date, each stock certificate representing pre-Reverse Stock Split shares of Common Stock will be deemed for all
corporate purposes to evidence ownership of post-Reverse Stock Split shares of Common Stock.
Our
transfer agent, Action Stock Transfer, will act as exchange agent (the “Exchange Agent”) for purposes of implementing
the exchange of stock certificates. Holders of pre-Reverse Stock Split shares of Common Stock are asked to surrender to the Exchange
Agent stock certificates evidencing their pre-Reverse Stock Split shares in exchange for stock certificates representing post-Reverse
Stock Split shares of Common Stock in accordance with the procedures set forth in the letter of transmittal sent by the Exchange
Agent. No new stock certificates will be issued to a stockholder until such stockholder has surrendered the outstanding stock
certificate(s) held by such Stockholder, together with a properly completed and executed letter of transmittal.
STOCKHOLDERS
SHOULD NOT DESTROY ANY STOCK CERTIFICATES AND SHOULD NOT SUBMIT ANY CERTIFICATES WITHOUT THE LETTER OF TRANSMITTAL.
Fractional
Shares
No
fractional shares of Common Stock will be issued as the result of the Reverse Stock Split. Instead, the Company will issue to
the Stockholders one additional share of Common Stock for each fractional share.
Interests
of Certain Persons in the Action
Certain
of the Company’s officers and directors have an interest in the Corporate Action as a result of their ownership of
shares of our Common Stock, as set forth in the section entitled “Security Ownership of Certain Beneficial Owners and
Management” below. However, we do not believe that our officers or directors have interests in the Corporate Action
that are different from or greater than those of any other of our stockholders
STOCKHOLDERS
SHARING THE SAME LAST NAME AND ADDRESS
The
SEC has adopted rules that permit companies and intermediaries such as brokers to satisfy delivery requirements for proxy and
information statements with respect to two or more stockholders sharing the same address by delivering a single proxy or information
statement addressed to those stockholders. This process, which is commonly referred to as "householding," potentially
provides extra convenience for stockholders and cost savings for companies. We and some brokers household proxy and information
materials, delivering a single proxy or information statement to multiple stockholders sharing an address unless contrary instructions
have been received from the affected stockholders. Once you have received notice from your broker or us that they are or we will
be householding materials to your address, householding will continue until you are notified otherwise or until you revoke your
consent. If, at any time, you no longer wish to participate in householding and would prefer to receive a separate proxy or information
statement, or if you currently receive multiple proxy or information statements and would prefer to participate in householding,
please notify your broker if your shares are held in a brokerage account or us if you hold registered shares. You can notify us
by sending a written request to Tiger Oil & Energy, Inc., 7230 Indian Creek Ln., Ste 201, Las Vegas, NV, 89149
WHERE
YOU CAN FIND MORE INFORMATION
This
Information Statement refers to certain documents that are not presented herein or delivered herewith. Such documents are available
to any person, including any beneficial owner of our shares, to whom this Information Statement is delivered upon oral or written
request, without charge. Requests for such documents should be directed to Howard Bouch at our corporate headquarters.
We
file annual and special reports and other information with the SEC. Certain of our SEC filings is available over the Internet
at the SEC's web site at http://www.sec.gov. You may also read and copy any document we file with the SEC at its public reference
facilities:
Public
Reference Room Office
100
F Street, N.E. Room 1580
Washington,
D.C. 20549
You
may also obtain copies of the documents at prescribed rates by writing to the Public Reference Section of the SEC at 100 F Street,
N.E., Room 1580, Washington, D.C. 20549. Callers in the United States can also call 1-202-551-8090 for further information on
the operations of the public reference facilities.
SIGNATURES
In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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TIGER
OIL & ENERGY, INC.
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Date: ___________, 2019
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By:
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/s/Howard
Bouch
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Howard Bouch,
CEO
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Tiger Oil and Energy (CE) (USOTC:TGRO)
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