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NOTE 4. Preferred Stock – Series A
12 Months Ended
Jan. 31, 2015
Notes to Financial Statements  
4. Preferred Stock – Series A

 

a)   On July 11, 2014, the Company filed an Amendment to Certificate of Designation with the State of Nevada to amend the designation of the blank check preferred stock to include 20,000 authorized shares of preferred stock – Series A, with each share entitling the holder to 25,000 votes on all matters submitted to a vote of the stockholders.  The Series A preferred stock is convertible to one common stock.

 

b)   On October 28, 2014, the Company issued 20,000 shares of Series A preferred stock at a fair value of $4 to settle $17,886 of notes payable and $1,566 of accrued interest owing to the former President of the Company.