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SUBSEQUENT EVENTS
3 Months Ended
Nov. 30, 2013
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 - SUBSEQUENT EVENTS

 

On or about April 18, 2014, the Company entered into a Share Exchange Agreement (the “Share Exchange”) with Petlife Corporation, a Delaware corporation (“Petlife”) and the shareholders of Petlife Corporation (the “Shareholders”) for the exchange of all of the issued and outstanding shares of Petlife. These shares of Petlife are being exchanged for 40,000,000 fully paid non-assessable shares of the Company or 80% of the issued and outstanding shares of the Company.

 

The closing of the Share Exchange Agreement is conditioned upon certain, limited customary representations and warranties as well as conditions to close such as the total issued and outstanding shares of the Company being limited to 50,000,000 issued and outstanding post-closing. Following the closing of the Share Exchange Agreement the Company intends to continue the Company’s and Petlife’s historical businesses and proposed businesses. The Company’s historical business and operations will continue independently through a newly formed wholly owned subsidiary.

 

Both our CUSIP number and our trading symbol for common stock which trades on the OTCQB Tier of the OTC Markets, Inc. will change as a result of the name change. The Company is in the process of submitting the notification and certain other information to the Financial Information Regulatory Association, Inc. (“FINRA”) to process the name change.