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FORM 7 MONTHLY PROGRESS REPORT Name of CNS Issuer: MAGMA RESOURCES LTD. (the Issuer). Trading Symbol: MNA Number of Outstanding Listed Securities: 11,210,000 Date: September 6, 2011, This Monthly
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The number of outstanding listed refers to the total shares of a company that have been issued and are currently held by shareholders, excluding treasury shares.
Companies that are publicly traded and listed on stock exchanges are required to file the number of outstanding shares as part of their regulatory compliance.
To fill out the number of outstanding listed, companies must report the total shares issued minus any shares treasury held by the company in their periodic financial statements submitted to regulatory bodies.
The purpose is to provide transparency to investors about the total equity ownership in the company, which is essential for calculating metrics such as earnings per share (EPS) and market capitalization.
Companies must report the total number of outstanding shares, any changes in the number due to stock buybacks or issuances, and provide detailed disclosures in their financial reports.
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