General European Strategic Investments Inc. to Cancel 100 Million Common Shares in Preferred Exchange – Marketscreener.com

Vegas – GENERAL EUROPEAN STRATEGIC INVESTMENTS INC. (OTC Pink: GESI) (the “Company or GESI”) is pleased to announce that shareholders representing an aggregate of 100,000,000 common shares have formally agreed to exchange their shares on a 100:1 basis for shares of Series C Convertible Preferred Shares.

The Company has prepared and submitted the necessary documents to designate this new series of preferred shares to the appropriate regulatory authorities.

As previously announced in our May 20, 2022 press release, these newly authorized preferred shares: will designate 1,500,000 of its 10,000,000 authorized preferred shares as a new series of preferred shares entitled “Series C Preferred Shares” with a par value of $0.0001.

The 1,500,000 Series C Preferred Shares are to be convertible on a 1:100 basis after the company’s shares trade at a volume-weighted average price (VWAP) of $5.00 for 20 consecutive days. These shares will not have voting, dividend or liquidation rights but will have an additional registration right.

The filing of the designation certificate having now been completed, the Company will coordinate with its transfer agent the cancellation of the aforementioned common shares and the issuance of the Series C convertible preferred shares.

Forward-looking statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include anything that predicts, predicts, indicates or imply future results, performance or achievement, and may contain the words “estimate”, “project”, “intend”, “expect”, “anticipate”, “plan”, “plan”, “expect”, ” believe’, ‘likely’, ‘should’, ‘could’, ‘would’, ‘may’ or similar words or phrases. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the actual results and financial condition of the Company to differ materially from those contained in these statements, which involve risks and uncertainties. , including those related to the Company’s ability to grow. Actual results may differ materially from those anticipated and any report should not be relied upon as an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, and all usual and customary economic, competitive and market conditions/risks.

Contact:

Robert Seguin

Email: [email protected]