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NOTE 4 - LOANS PAYABLE
12 Months Ended
Aug. 31, 2019
Disclosure Text Block [Abstract]  
Short-term Debt [Text Block]

NOTE 4 – LOANS PAYABLE


   

August 31,

 
   

2019

   

2018

 

Loans payable

  $ 671,424     $ 440,000  

The loans payables are due on demand, are unsecured, and bearing interest at a range of 2-12%. During fiscal 2019 and 2018, the Company generated loan proceeds of $231,424 and $135,000, respectively.


In connection with the issuance of the loans payable, the Company issued 12,000,000 restricted common shares of its common stock during the fiscal 2019.


The company may have to provide additional consideration (which may be in cash, shares or other financial instruments) up to $24,600 to satisfy its obligations under certain unsecured loans payable.