XML 26 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Cash Flows (USD $)
3 Months Ended 66 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2012
Operating Activities      
Net loss for the period $ (22,578) $ (20,982) $ (783,442)
Adjustments to reconcile net loss to net cash used in operating activities:      
Donated services and rent 4,500 4,500 100,381
Accretion of discount on convertible note 0 0 112,500
Loss on change in fair value of derivative liability 0 0 251,159
Impairment of mineral property acquisition costs 0 0 5,000
Changes in operating assets and liabilities:      
Accounts payable and accrued liabilities 7,944 5,081 6,086
Due to related parties 538 (5,639) 80,509
Net Cash Used in Operating Activities (9,596) (17,040) (227,807)
Investing Activities      
Acquisition of mineral property claims 0 0 (2,500)
Net Cash Used in Investing Activities 0 0 (2,500)
Financing Activities      
Advances from related party 30,000 0 89,103
Proceeds from issuance of convertible notes 0 0 112,500
Proceeds from issuance of common stock 0 0 65,000
Net Cash Provided by Financing Activities 30,000 0 266,603
Increase (Decrease) in Cash 20,404 (17,040) 36,296
Cash - Beginning of Period 15,892 62,629 0
Cash - End of Period 36,296 45,589 36,296
Non-Cash Financing Activities      
Conversion of debt into common shares 0 0 112,500
Supplemental Disclosures:      
Interest paid 0 0 0
Income taxes paid $ 0 $ 0 $ 0