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RELATED PARTY TRANSACTION
12 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTION

NOTE 4.   RELATED PARTY TRANSACTION

 

The Company neither owns nor leases any real or personal property.  The officer/director of the Company is retired.  It is possible he could become involved in other business activities as they become available.  This could create a conflict between the Company and his other business interests.  The Company has not formulated a policy for the resolution of such a conflict should one arise.

 

Loan from a related party is from Mr. Bravo.  As of June 30, 2013 the loan balance is $30,228.  All funds provided to Placer Del Mar by Mr. Bravo are unsecured and he has agreed to forego any penalties or interest should Placer Del Mar be unable to repay any funds provided to the Company.