New York, NY, May 05, 2021 (GLOBE NEWSWIRE) -- (GTII: OTCQB) – Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today a further update regarding its previously announced warrant distribution.
The Company continues to receive inquiries from shareholders regarding the procedure for moving warrants from their brokerage accounts to direct book-entry registration with the Company’s transfer agent. The easiest and quickest method for effecting the transfer is for each shareholder who owned common shares of the Company’s stock at a broker or bank, as of April 1, 2021, to download and complete the “Shareholder Request to Bank/Broker” form available on the GTII Website, www.gtii-us.com. Once you have completed and signed the form, you should email it to both your bank/broker and the Company’s transfer agent.
As the Company’s transfer agent receives copies of the shareholder request forms, it will coordinate with the applicable banks/brokers to transfer each such shareholder’s warrants to book-entry with the Company. During this process, the transfer agent will also be tabulating the shareholder warrant transfer requests received from each bank/broker to determine whether any discrepancies exist with their respective original warrant allocation.
The strike price for the warrants is $2.75 per warrant, and the exercise period expires on April 1, 2023. Each GTII shareholder as of the record date of April 1, 2021 is entitled to one warrant for every ten shares of GTII’s common stock held.
The direct contact information for the Company’s transfer agent is as follows:
Liberty Stock Transfer, Inc.
jeff@libertystocktransfer.com
732.372.0707
About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.
Please follow our company at: www.otcmarkets.com/stock/GTII
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