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CONVERTIBLE NOTE PAYABLE
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
CONVERTIBLE NOTE PAYABLE

NOTE 5 – CONVERTIBLE NOTE PAYABLE

 

As at December 31, 2015, the Company had a convertible note payable totaling $32,720 (2014 - $77,720). The convertible note was issued in 2011 and has no interest rate and no fixed terms of repayment. The Note is convertible into common shares at $0.001 per share. Currently, the note could be converted to 32,720,000 shares. On July 15, 2015, the Company converted $45,000 of the convertible note payable into 45,000,000 shares of the Company. The Company calculated a beneficial conversion factor of $1,305,000 and recorded this amount as stock-based compensation in the statement of operations.