Capital Stock

12 Months Ended

Jul. 31, 2016

Capital Stock [Abstract]

CAPITAL STOCK

5. CAPITAL STOCK

a) Authorized Stock

The Company has authorized 75,000,000 common shares with $0.001 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

At July 31, 2016, there are 25,827,818 common stock issued and outstanding:

On October 1, 2014 pursuant to the closing of private placements, 900,000 shares of common stock at a purchase price of $0.05 per share for total proceeds of $45,000 was issued.

On October 20, 2014, 2,000,000 shares of common stock were issued as part of the compensatory terms of the Terms of Farm-out Agreement to acquire a working interest in an oil and gas lease entered into by the Company.

On November 1, 2014, 100,000 shares of common stock that were purchased at $0.05 per share for total proceeds of $5,000 and issued on July 31, 2014 were cancelled. The $5,000 has been reclassed as an advance to the Company.

On August 18, 2015, 500,000 shares of restricted common stock were issued as part of the compensatory terms of the mineral rights option agreement entered into by the Company.

On October 6, 2015 pursuant to the closing of a private placement, 100,000 shares of restricted common stock at a purchase price of $0.05 per share for total proceeds of $5,000 was issued.

On October 6, 2015 pursuant to the closing of a private placement, 400,000 shares of restricted common stock at a purchase price of $0.06 per share for total proceeds of $24,000 was issued.

On January 2, 2016 pursuant to the closing of a private placement, 100,000 shares of restricted common stock at a purchase price of $0.04 per share for total proceeds of $4,000 was issued.

On January 15, 2016 pursuant to the closing of a private placement, 1,250,000 shares of restricted common stock at a purchase price of $0.275 per share for total proceeds of $34,375 was issued.

On June 1, 2016 pursuant to the closing of a private placement, 333,334 shares of restricted common stock at a purchase price of $0.03 per share for total proceeds of $10,000 was issued.

On June 1, 2016 pursuant to the closing of private placements, 7,000,000 shares of restricted common stock at a purchase price of $0.014 per share for total proceeds of $98,000 was issued.