XML 39 R14.htm IDEA: XBRL DOCUMENT v3.20.1
COMMON STOCK DISCLOSURE
6 Months Ended
Sep. 30, 2019
Notes  
COMMON STOCK DISCLOSURE

NOTE 8 - COMMON STOCK

 

Six months ended September 30, 2019:

 

(a)Nine convertible notes plus accrued interest were converted into 1,525,928 shares for a total value of $166,581. 

 

(b)The Company raised $931,800 under a private placement, of which $920,800 subscribed by twenty four subscribers who were issued 4,904,000 shares at an average price of $0.20 per share and equal number of warrants convertible into equal number of shares at an exercise price of $0.50 per share within two years of their issuance and one subscriber subscribed $11,000 for which 55,000 shares were not issued as at September 30, 2019. $550 was included under common stock subscribed and the balance $10,450 was included under additional paid in capital. 

 

(c)1,614,275 shares were issued to fourteen consultants valued at $431,087. 

 

(d)250,000 shares were issued to a warrant holder who exercised his warrants for $50,000. 

 

Common stock activities during the six months ended September 30, 2018 were as follows:

 

(a)On August 10, 2018, Lupama exercised 29,843,335 warrants to convert into equal number of shares at an exercise price of $.0025 for a total of $74,608 and On September 6, 2018, exercised the remaining 156,665 warrants to convert into equal number of shares at an exercise price of $.0025 for a total of $392. Excercise price was off set against amounts payable to Lupama. 

 

(b)On September 6, 2018, Lupama was issued 843,335 shares and on September 27, issued further 999,999 shares. These shares were valued at $0.45 per share, being the market price prevailing on the dates of heir issues for a total of $829,501, which was off set against amount payable to Lupama. 

 

(c)During the six months ended September 30, 2018, twelve convertible notes plus accrued interest were converted into 1,707,499 shares for a total value of $415,658. 

 

At September 30, 2019 and March 31, 2019, the Company had 300,000,000 common shares of par value $0.001 common stock authorized.