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Related Party Transactions
9 Months Ended
May 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

 

Included in general and administrative costs were amounts paid to its chief operating officer of $112,500 and its chief financial officer of $97,497.

 

Included in Accounts Payable and Accrued Expenses are amounts owed to its officers and directors for salaries and benefits of $414,811.

 

Included in notes payable is an amount of $30,089 owed to the CEO for a loan. The loan is without interest and is secured by a stock issuance of 30,000,000 shares in the event of non repayment.

 

During the nine months ended May31, 2015 the Company issued 3,928,290 shares of stock for services to its CEO and 500,000 shares to its CFO.