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COMMON STOCK
12 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
7. COMMON STOCK

On July 27, 2017, the Company issued 3,238,431common shares as settlement of $126,800 in advances made by the director of the Company.

 

On July 27, 2017, the Company issued 826,838 common shares as settlement of $32,375 in advances made by a former director of the Company.

 

On October 12, 2017, the Company completed a private placement of $100,000 and issued 20,000,000 shares of its common stock at a price of $0.005 per share and used the proceeds to settle all outstanding liabilities with a former director.

 

On October 12, 2007, the Company exchanged 20,000,000 shares of its common stock for 50,000 shares of the common stock of Gain First.

 

On December 12, 2017, the Company issued 75,000,000 shares of its common stock to as consideration in lieu of a payment at a deemed value of $100,000 for Gain First to acquire an agency agreement for exclusive rights to distribute De Lassalle Ltd.’s wine products in the South East Asia region.

 

As of June 30, 2018, there were 141,137,387 shares of common stock issued and outstanding and no options or warrants issued and outstanding.