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Stockholders' Deficit
12 Months Ended
Apr. 30, 2016
Equity [Abstract]  
Stockholders' Deficit

NOTE 6. STOCKHOLDERS’ DEFICIT

 

COMMON SHARES - AUTHORIZED

 

As at April 30, 2016, the Company had 600,000,000 common shares authorized (April 30, 2015: 300,000,000 common shares). The common shares have a $0.001 par value. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they chose to do so, elect all of the directors of the Company.

 

On July 3, 2015, the Company’s Board of Directors unanimously approved the amendment to Articles of Incorporation (the “Articles of Amendment”) to increase authorized stock from 300,000,000 shares of common stock with a par value of $0.001 to 600,000,000 shares of common stock with a par value of $0.001 per share. Subsequent to the approval of the amendment by the Board of Directors, on July 3, 2015, the holders of the majority of the outstanding shares of common stock of the Company provided written consent to the Articles of Amendment. A Preliminary Information Statement was filed with the SEC on July 7, 2015. The Definitive Information Statement was filed with the SEC, and mailed to all stockholders of record as of the record date, on July 20, 2015. The Articles of Amendment to our Articles of Incorporation were filed with the Nevada Secretary of State on August 17, 2015, and became effective, on that date.

  

COMMON SHARES - ISSUED AND OUTSTANDING

 

In May 2014, the Company issued 750,000 common shares to Beauty Scouts against a liability of $6,000 pursuant to a consulting agreement dated January 21, 2014.

 

On August 1, 2015, the Company issued 1,937,500 shares of common stock to a consultant. These shares were valued at a rate of $0.007 per share, being the market value on that date, and consulting charges amounting to $13,562 is included in condensed consolidated statements of operations and comprehensive loss.

 

On August 19, 2015, the Company issued 2,000,000 shares of common stock to a consultant. These shares were valued at a rate of $0.007 per share, being the market value on that date, and marketing amounting to $14,000 is included in condensed consolidated statements of operations and comprehensive loss.

 

On December 28, 2015, the Company issued 7,058,824 shares of common stock to Vis Vires Group Inc. pursuant to notice of conversion as explained in Note 5 to the condensed consolidated financial statements.

 

On February 22, 2016, the Company issued 1,937,500 shares of common stock to Snowbell Management Limited in connection with their services to develop the Visible Youth™ consumer skin care brand for its relaunch. These shares were valued at a rate of $0.0055 per share.

 

As at April 30, 2016 there were 113,951,705 shares of common stock issued and outstanding (April 30, 2015: 101,017,881 common shares).