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FORM 7 MONTHLY PROGRESS REPORT Name of CNS Issuer: Danforth Resources Inc. (the Issuer) Trading Symbol: RFR Number of Outstanding Listed Securities: 132,217,162 Date: June 5, 2018, Report on Business
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The number of outstanding listed refers to the total number of shares that are currently held by shareholders, including shares held by institutional investors and company insiders, excluding treasury shares.
Companies that are publicly traded are required to file the number of outstanding listed with regulatory bodies, such as the Securities and Exchange Commission (SEC).
To fill out the number of outstanding listed, a company should prepare its reports by calculating the total number of shares issued, subtracting any treasury shares, and then reporting the accurate figure in the designated section of their regulatory filings.
The purpose of reporting the number of outstanding listed is to provide transparency regarding a company's equity structure, inform investors about the total share distribution, and ensure compliance with regulatory requirements.
The report must include the total number of outstanding shares, details regarding shares available for trading, and any changes in the number of shares during the reporting period.
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