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NOTE 5 - LOANS FROM STOCKHOLDERS
9 Months Ended
Jan. 31, 2015
Notes to Financial Statements  
NOTE 5 - LOANS FROM STOCKHOLDERS

NOTE 5 - LOANS FROM STOCKHOLDERS

 

The Company’s former President and former sole director along with another stockholder have advanced funds for organizational and administrative expenses.

 

During the year ended April 30, 2013, the Company’s former president and former sole director along with another stockholder agreed to forgive debt outstanding totaling $37,468, which has been recorded as contributed capital.

 

The Company’s President and sole director has advanced funds for organizational and administrative expenses. The total of these advances as of January 31, 2015, is $122,521. The loans are unsecured and payable on demand. Consequently, the loans are reported as current liabilities. $100,000 of the loan and accrued interest at 5% is payable at $0.30 per share at the option of the Company. The $100,000 is due April 11, 2015.