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Compensation Related Costs, Share Based Payments
12 Months Ended
Apr. 30, 2012
Disclosure Text Block Supplement [Abstract]  
Shareholders' Equity and Share-based Payments [Text Block]

NOTE 13 - COMMON STOCK (SUCCESSOR))

 

At April 30, 2012, the authorized capital was 75,000,000 common shares with a par value of $0.001 and 11,133,333 common shares were issued and outstanding.

 

a)       In October 2011, the Company issued 700,000 common shares at $0.20 per share as a payment of $50,000 for legal services and $90,000 for coffee consulting services. As of April 30, 2012, $18,262 in legal fees and $90,000 in consulting fees were expensed and $31,738 is considered as a prepayment for services to be rendered in the future. 

 

b)       In October 2011, the Company issued 133,333 shares at $0.15 per share for cash proceeds of $20,000.