COMMON STOCK

3 Months Ended

Sep. 30, 2017

Notes to Financial Statements

6. COMMON STOCK

On December 1, 2015, the Board of Directors of the Company approved to issue 200,000 shares of restricted common stock at $0.08 per share for the rendering of consulting services of $16,000 in a service period of twelve months commencing from December 2015. In August 2016, all 200,000 shares were issued.

On July 27, 2017, the Company issued 1,811,429 common shares as settlement of $126,800 in advances made by the director of the Company.

On July 27, 2017, the Company issued 462,495 common shares as settlement of $32,375 in advances made by the former director of the Company.

There were no stock options, warrants or other potentially dilutive securities outstanding as of September 30, 2017 and June 30, 2016.

As of September 30, 2017, there were 24,146,042 shares of common stock issued and outstanding.