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Subsequent Events
6 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events

Note 9 – Subsequent Events

 

On September 22, 2014, the Board of Directors approved and the majority shareholders of the Company voted to approve the following:

 

To authorize a reverse split of the common stock issued and outstanding of the Company on a one (1) new share for three hundred and fifty (350) old shares basis. Fractional shares will be redeemed in cash. This action required an amendment to the Articles of Incorporation, which was filed on October 8, 2014, and required the approval of FINRA which FINRA approved effective October 29, 2014; and

 

To authorize additional shares of preferred stock in the amount of 50,000,000 shares, $.001 par value in such series and classes, and with such rights and privileges as the Board hereafter adopts in its sole discretion. This action required an amendment to the Articles of Incorporation which was filed on October 8, 2014; and

 

To authorize the Board of Directors to grant authority to redomicile and reincorporate by merger in Colorado. The Company has merged into its wholly owned subsidiary, T-Rex Oil, Inc., effective October 20, 2014 to redomicile to Colorado as a Colorado corporation. T-Rex Oil, Inc. was incorporated on September 2, 2014 for the sole purpose of merging with Rancher Energy Corporation and as of the effective date of the merger, T-Rex Oil, Inc. had no assets or liabilities and no operations had yet to commence.