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- CAPITAL STOCK
12 Months Ended
Jun. 30, 2011
- CAPITAL STOCK

NOTE 3 -   CAPITAL STOCK

 

Authorized Stock

 

The Company has authorized 100,000,000 common shares and 50,000,000 preferred shares, both with a par value of $0.001 per share.  Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

 

Share Issuance

 

Since inception (April 22, 2010) to June 30, 2011, the Company has issued 2,500,000 common shares at $0.01 per share, resulting in total cash proceeds of $25,000, being $2,500 for par value shares and $22,500 for capital in excess of par value.  There were 2,500,000 common shares issued and outstanding at June 30, 2011 and 2010.  Of these shares, 2,500,000 were issued to directors and an officer of the Company.

 

There are no preferred shares outstanding.  The Company has issued no authorized preferred shares.  The Company has no stock option plan, warrants, or other dilutive securities.