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Note 11 - Subsequent Events
9 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
Note 11 - Subsequent Events

NOTE 11 – SUBSEQUENT EVENTS

 

On April 21, 2013, effective as of April 15, 2013, American Graphite Technologies Inc. received back an executed agreement from Rosevale Capital S.A. (“Rosevale”)  whereby the Company has engaged Rosevale to provide investor relations and marketing services for the Company (the “Agreement”).

 

The Agreement will be effective April, 15, 2013, and will remain in full force and effect for a Six (6) month period up to and including the close of business on October 14, 2013, and

 

In consideration of Rosevale having rendered services to the Company, the Company will:

 

  a) pay to Rosevale a fee in the amount of Two Thousand and Five Hundred Dollars  (USD$ 2,500) forthwith on the 15th day of April 2013 , and Two Thousand Five Hundred Dollars (USD$ 2,500) on the  15th day of every month following, in which this Agreement is in effect;

 

  b) Upon signing of this agreement the Company will be required to pay Rosevale for the first three months of service in advance. The total amount will be $7,500; and

 

  c) the Company will reimburse Rosevale for all expenses and disbursements, including all reasonable travel expenses incurred by Rosevale in connection with the performance of Rosevale's duties, however Rosevale shall not make any single expenditure or any series of expenditures in connection with any single matter or any number of connected matters, exceeding one thousand USD ($1,000USD).