OTCPicks Featured Company: MetaPower International, Inc. (MTPW.PK) to Begin Stock Exchange Program for Shareholders
MetaPower International, Inc. (OTC: MTPW) announced today that the company will begin to offer a share exchange program for its shareholders. The company will offer the exchange of common shares of stock for convertible preferred stock to be valued at $1.00 a share. As a shareholder, every 100 shares of common stock given back to the company, the shareholder will incur one share of convertible preferred stock valued at $1.00 for future conversion purposes. The shareholders will also acquire a warrant to purchase one share of the company's common stock. In order to be considered for the program, current shareholders…