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CAPITAL STOCK
6 Months Ended
Oct. 31, 2015
Notes to Financial Statements  
NOTE 3 - CAPITAL STOCK

The Company's capitalization was reduced to 75,000,000 common shares with a par value of $0.001 per share on July 27, 2015. No preferred shares have been authorized or issued.

During September of 2015, the Company issued 100,000 common shares for cash of $50,000 and in October 2015, the Company issued 1,996,000 common shares to various consultants for past services rendered at $0.15 per share. The value was determined based on the average price of shares issued for cash and services in the past. On the same day 750,000 shares were issued in settlement of $102,692 of the Company's payables.

On October 31, 2015 the Company had 12,860,745 common shares issued and outstanding, and on April 30, 2015, the Company had 10,014,745 common shares issued and outstanding. All share information has been retrospectively restated to reflect the 35:1 reverse split approved on July 27, 2015.

 

As of October 31, 2015 there were 100,000 stock warrants outstanding relating to the issue of 100,000 common shares in September 2015. Each unit sold includeded one common share and one warrant.

 

As of October 31, 2015, the Company has granted $299,400 stock for stock-based compensation.