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SHARE CAPITAL
12 Months Ended
Jun. 30, 2019
Equity [Abstract]  
SHARE CAPITAL

NOTE 9 – SHARE CAPITAL

 

Common Stock

 

On July 5, 2017, the Company repurchased and cancelled 85,475 shares of common stock of the company for $20,000.

 

On August 9, 2017, the Company has approved a 1 for 40 reverse split of its issued and outstanding common stock. The common stock accounts and all share related balances have been applied retroactively for all periods presented.

 

On September 11, 2017, the Company amended the Articles of Incorporation to decrease the authorized capital to 25,000,000 shares of common stock.

 

During the year ended June 30, 2018, the Company entered into four share purchase agreements with four investors for 406,000 common shares at $1 per share. The shares were issued during the year ended June 30, 2018.

 

During the year ended June 30, 2018, the Company issued 83,822 common shares to settle $132,437 of principal note payable and accrued interest.

 

During the year ended June 30, 2018, the Company issued 43,894 common shares to settle $69,352 of accounts payable.

 

During the year ended June 30, 2018, the Company issued 125,000 common shares for consulting services, valued at $140,000.

 

On October 17, 2018, the Company issued 250,000 and 200,000 common shares at $0.50 for consulting services, to two individuals, valued at $125,000, and $100,000, respectively.