Common Stock

6 Months Ended

Dec. 31, 2014

Equity [Abstract]

Common Stock

NOTE 6 – COMMON STOCK

At a shareholder meeting held October 29, 2010, shareholders authorized an increase in authorized capital from 200,000,000 to 300,000,000 common shares with a par value of $0.001. In addition, shareholders also authorized a share consolidation of 20:1. These financial statements have been restated retroactively to reflect this share consolidation.

There were 1,875,000 shares of common stock issued for a cash consideration of $0.08 per share during the period ending September 30, 2013. The shares were issued to a director of the Company.

On December 1, 2013, the Company issued 100,000 common shares to a consultant pursuant to an administrative consulting services agreement dated November 16, 2013.

Also on December 1, 2013, the Company issued 200,000 common shares to a consultant pursuant to an additional administrative consulting services agreement dated November 16, 2013.

On December 6, 2013, the Company issued 5,000,000 common shares at a price of $0.20 per share for proceeds of $1 million.

On December 16, 2013, the Company issued 6,000,000 common shares for three mineral properties.

On December 23, 2013, the Company issued 8,000,000 common shares to acquire a 24% interest in Everenergy.

On February 11, 2014, the Company issued 100,000 common shares to a senior officer for administrative consulting services agreement dated November 16, 2013.

On February 19, 2014 the Company issued 11,000,000 common shares to acquire 29% in Everenergy.

On June 15, 2014, the Company issued 653,823 common shares to a director as repayment of debt.

On September 17, 2014, the Company cancelled all the 11,000,000 common shares and 8,000,000 common shares originally issued for the acquisition of 29% and 24% interest respectively, in Everenergy. The 11,000,000 common shares were effectively cancelled on October 21, 2014. The 8,000,000 common shares as at the date of this report have not been returned. The Company is seeking legal advice on its next steps.

At December 31, 2014, there are 28,432,118 common shares issued and outstanding.

On January 19, 2015, six million shares issued for the acquisition of three mineral properties will be returned after the cancellation.

There were no stock options, warrants or other potentially dilutive securities outstanding as at December 31, 2014, June 30, 2014 and December 31, 2013.