Press release content from Globe Newswire. The AP news staff was not involved in its creation.
GLOBAL TECH INDUSTRIES GROUP, INC. CLARIFIES DETAIL REGARDING WARRANTS HELD IN RETIREMENT ACCOUNTS
Global Tech Industries Group, Inc.April 21, 2021 GMT
New York, NY, April 21, 2021 (GLOBE NEWSWIRE) Global Tech Industries Group, Inc. (GTII:OTCQB) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today a clarification regarding its recently distributed warrants that are held in retirement accounts.
Questions have arisen as to whether shareholders who hold their warrants through an IRA or other retirement account must take a distribution from their retirement account in order to directly register their warrants with Liberty Stock Transfer, Inc., the transfer agent, or exercise their warrants. The Company does not believe it is necessary for such shareholders to take a distribution in either situation.