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STOCKHOLDERS' EQUITY
3 Months Ended
Nov. 30, 2012
Notes  
STOCKHOLDERS' EQUITY

NOTE 5 - STOCKHOLDERS’ EQUITY

 

The Company is authorized to issue up to 100,000,000 shares of its $0.00001 par value preferred stock and up to 100,000,000 shares of its $0.00001 par value common stock.

 

On July 6, 2012, the Board of Directors authorized approved an increase in the Company’s authorized shares of stock, and correspondingly increasing the number of issued and outstanding shares on the basis of 7 for 1.  The Company waited until the consummation of the Share Exchange Agreement to effect the action.  On December 28, 2012, the Company filed a Certificate of Change with the State of Nevada to increase the authorized capital at a ratio of 7 for 1 to 700,000,000 shares of common stock, having a $0.00001 par value per share and 700,000,000shares of preferred stock, having a $0.00001 par value per share.  In connection with the increase in authorized capital, the Company correspondingly increased the number of issued and outstanding common stock on the basis of seven (7) “new” shares for each one (1) “old” share issued and outstanding.  The action is being treated as a 7:1 forward split and was undertaken pursuant to a unanimous written consent of the Board of Directors, without a meeting, notice or vote as provided in Nevada Revised Statutes 78.207.  All references to share and per share information in the financial statements and related notes have been adjusted to reflect the stock split on a retroactive basis.

 

On September 18, 2012, the Company issued 7,143 shares of common stock to a non-affiliated third party for services rendered valued at $71.43.

 

During the three months ended November 30, 2012, there have been no other issuances of common stock.