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CONVERTIBLE NOTE PAYABLE
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
CONVERTIBLE NOTE PAYABLE

NOTE 4 – CONVERTIBLE NOTE PAYABLE

 

As at September 30, 2020, the Company had convertible notes payable totaling $297,603 (December 31, 2019 - $32,720). Convertible notes were issued on July 1, 2020 pursuant to the conversion of Notes Payable of $264,883 as at June 30, 2020 (Amounts payable December 31, 2019 of $248,103). Previously convertible notes payable consisted on the conversion of a Notes Payable in 2011 and has no interest rate and no fixed terms of repayment. The recent convertible notes payable have an interest rate of 8% commencing on January 1, 2021. All of the notes are convertible into common shares at $0.001 per share. Currently, the note could be converted to 297,605,000 shares.