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Common Stock
3 Months Ended
Oct. 31, 2018
Equity [Abstract]  
COMMON STOCK

NOTE 7 – COMMON STOCK

 

During the year ended July 31, 2018, the Company sold 16,559,000 shares of common stock for total cash proceeds of $219,475; $20,000 of which had not yet been received as of July 31, 2018. The $20,000 was received in the quarter ended October 31, 2018. In addition, 1,000,000 shares of those sold were not issued as of July 31, 2018 and have therefore been credited to common stock to be issued. The 1,000,000 shares have not been issued by the transfer agent as of October 31, 2018.

 

During the year ended July 31, 2018, the Company sold 2,730,000 Units of its common stock for total cash proceeds of $136,500. 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.

 

During the year ended July 31, 2018, the Company issued 200,000 shares of common stock for conversion of a $4,000 loan payable. The shares were valued at $0.05, the closing stock price on the date of conversion for a loss on conversion of $6,000.

 

During the year ended July 31, 2018, the Company issued 3,000,000 shares of common stock for per agreement. The shares were valued at $0.061, the closing stock price on the date of grant for total non-cash expense of $183,000.

 

During the three months ended October 31, 2018, The Company issued 150,000 shares of common stock to two individuals as consideration for their support with the Richey #2A project. The shares were valued at $0.065 per share, the closing price on the date of grant, for total non-cash expense of $9,750.

 

During the three months ended October 31, 2018, the Company sold 1,000,000 Units of its common stock for total cash proceeds of $50,000. Each Unit consists of one common share and one-half share purchase warrant exercisable for 2 years. Each whole share purchase warrant has an exercise price of $0.15 per common share. As of October 31, 2018, the shares have not yet been issued by the transfer agent and have therefore been credited to common stock to be issued.