XML 33 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMON STOCK TRANSACTIONS
12 Months Ended
Aug. 31, 2012
Equity  
COMMON STOCK TRANSACTIONS

NOTE 3 - COMMON STOCK TRANSACTIONS

 

During the year ended August 31, 2012, the Company issued 121,410 shares of common stock for cash of $18,212.

 

During the year ended August 31, 2011, the Company issued 290,003 shares of common stock for cash of $43,500.  The Company also issued 400,000 shares of common stock in exchange for services provided to the Company.  The shares were valued at $0.15 per share, a value determined by a Consent of Directors, for a total value of $60,000.  Also during the year, the Company converted the unsecured promissory note as discussed in Note 2 above.  The note was converted into 490,654 shares of common stock.

 

Effective March 11, 2011, the Company’s Articles of Incorporation were amended to increase the aggregate number of shares authorized from 50,000,000 to 300,000,000 shares of common stock having no par value.