Capital Stock

3 Months Ended

Oct. 31, 2012

Capital Stock [Abstract]

CAPITAL STOCK

5.     CAPITAL STOCK

a) Authorized Stock

The Company has authorized 75,000,000 common shares with $0.0001 par value.  Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholder of the corporation is sought.

b) Share Issuances

From inception of the Company (Dec 11, 2006), to October 31, 2012, there are 50,364,842* common stock issued and outstanding:

30,000,000* shares of common stock to the director at $.001/per share.

15,000,000* shares were issued to private shareholders at $.01/per share

5,000,000* shares to private shareholders at $.02/ per share for a total of $28,000.

* After giving retroactive effect of 10:1 stock split effective June 8, 2009.

On September 12, 2012 pursuant to the closing of a private placement, 168,068 shares of common stock at a purchase price of $1.19 per share for total proceeds of $200,000 was issued.

On September 27, 2012 100,000 share of common stock were issued as part of the compensatory terms of the mineral rights option agreement entered into by the Company.

On October 2, 2012 pursuant to the closing of a private placement, 96,774 shares of common stock at a purchase price of $1.55 per share for total proceeds of $150,000 was issued.