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SUBSEQUENT EVENTS
3 Months Ended
Nov. 30, 2012
Notes  
SUBSEQUENT EVENTS

NOTE 7 - SUBSEQUENT EVENTS

 

The Company’s Management has reviewed all material events through the date of this report in accordance with ASC 855-10, and believes there are no further material subsequent events to report, other than the following;

 

On December 18, 2012, Prince México submitted to Eurasia Design audited financial statements for the years ended December 31, 2011 and 2010, thereby triggering the closing of the Agreement.  Pursuant to the terms of the Agreement, the Company issued 1,800,000 shares of its unregistered common stock in exchange for 100% of Prince México’s issued and outstanding common stock and obtained cancellation of a total of 26,483,100 shares of common stock, held by Mr. Forbes.  The total issued and outstanding common stock of the Company, post-closing, and upon cancellation of the shares herein referenced, and the issuance of shares to Prince México, will be 42,166,901.

 

As a result of the December 18, 2012 acquisition of 100% of Prince México, Prince México is the accounting acquirer and the Company’s board of directors has elected to change its fiscal year end from May 31 to December 31.

 

On December 28, 2012, the Company changed its name from Eurasia Design, Inc. to Prince Mexico S.A., Inc.