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Note 12 - Subsequent Event
12 Months Ended
Dec. 31, 2013
Notes  
Note 12 - Subsequent Event

Note 12 – Subsequent Event

 

The Company follows the guidance in ASC Topic 855 “Subsequent Events” for the disclosure of subsequent events. The Company evaluated subsequent events through the date of the financial statements were issued.

 

On January 15, 2014, the Board of Directors approved to increase authorized common shares from 60,000,000 common shares, par value $0.001 to 1,990,000,000 common shares, par value $0.001 per common shares and to effectuate a forward split of RadTek’s common stock at an exchange ratio of 50 for 1 so that each outstanding common share before the forward split shall represent 50 common shares after the forward split.

 

On January 8, 2014, the Company adopted the 2014 Stock Option Plan which provides for the granting of stock options to acquire up to 20,000,000 common shares of the Company to eligible employees, directors and persons affiliated with the Company.  The Company issued stock options of 20,000,000 in January 2014 to 5 employees and consultants.  Exercise price is $0.0426 per share.  All options were exercised in January 2014.