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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: 205,771,167 Date: February 5, 2020, Report on Business
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The number of outstanding listed refers to the total number of shares that have been issued by a company and are held by shareholders, including shares held by institutional investors and restricted shares owned by the company's officers and insiders.
Companies listed on public stock exchanges are typically required to file the number of outstanding listed as part of their regulatory disclosures.
To fill out the number of outstanding listed, a company must report its total issued shares outstanding including shares held by the public and restricted shares, as per the guidelines set forth by the relevant financial regulatory authority.
The purpose of reporting the number of outstanding listed is to provide transparency to investors and regulators regarding the equity structure of the company and to aid in the calculation of key financial metrics such as earnings per share.
Companies must report the total number of shares outstanding, any changes to that number, and details regarding dilution from stock options or convertible securities if applicable.
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