CONVERTIBLE DEBT

6 Months Ended

Jan. 31, 2022

CONVERTIBLE DEBT

CONVERTIBLE DEBT

NOTE 6 - CONVERTIBLE DEBT

On October 20, 2017, the Company executed a convertible promissory note for $25,000 with a third party. The note accrues interest at 6%, matures in two years and is convertible into shares of common stock at maturity, at a minimum of $0.10 per share, at the option of the holder. During the six months ended January 31, 2022, the note holder converted the $25,000 of principal and $6,000 of interest into 310,000 shares of common stock.