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LOAN PAYABLE
6 Months Ended
Nov. 30, 2013
LOAN PAYABLE  
LOAN PAYABLE

NOTE 3. LOAN PAYABLE

 

On February 28, 2013, the company took a loan from American Compass Inc. in the amount of $20,000. This is a 5% interest bearing and unsecured loan due on June 30, 2013. On April 18, 2013, the Company accepted another loan from American Compass Inc. in the amount of $5,000. This is a non-interest bearing and unsecured loan due on June 30, 2013.

 

The due date of the loan were extended and the new date is yet to be determined.

 

On November 4, 2013 the company took another loan from ACI in the amount of $10,000. This is a non-interest bearing and unsecured loan. The loan does not have a maturity date.