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Subsequent Events
3 Months Ended
Apr. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events

NOTE 11 – Subsequent events 

 

In May and June of 2017, the Company issued an aggregate of 27,676,767 shares of common stock for total proceeds of $69,870 to Tangiers Investment Group, LLC under the Investment Agreement.

 

In May and June of 2017, the Company issued an aggregate of 4,715,935 units to investors for aggregate proceeds of $16,000. Each unit consists of one share of the Company’s common stock and one-half warrant to purchase one-half equivalent share each of the Company’s common stock. The warrants have an exercise price of 40% above the share price, calculated using the average 4-day look-back period from the date of deposit of investment funds, with a floor of $0.002, and have a three-year term.

 

In May 2017, the Company issued 999,480 shares for services with a fair value of approximately $3,748.

 

Subsequent to April 30, 2017, the Company agreed to issue 24,242,424 shares to a third-party with an aggregate fair value of approximately $44,000 to settle unpaid services which is reflected in accounts payable as of April 30, 2017. These shares have not yet been issued as of the date of this filing.