XML 21 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Common Stock
3 Months Ended
Oct. 31, 2017
Equity [Abstract]  
COMMON STOCK

NOTE 7 - COMMON STOCK

 

On August 5, 2016, the Company issued 670,000 shares of common stock at $0.025 per share as a portion of the consideration to acquire an oil and gas lease known as the Guy Ranch (Note 4).

 

On January 24, 2017, the Company sold 300,000 shares of common stock along with warrants to purchase an additional 150,000 shares for total proceeds of $5,000. The warrants are exercisable at $0.10 and expire February 1, 2019.

 

During the three months ended October 31, 2017, the Company sold 10,000,000 shares of common stock for total cash proceeds of $100,000.

 

During the three months ended October 31, 2017, the Company sold 500,000 Units of its common stock for total cash proceeds of $25,000. Each Unit consists of one common share and one-half share purchase warrant exercisable for 1 years. Each whole share purchase warrant has an exercise price of $0.15 per common share.