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COMMON STOCK
6 Months Ended
Oct. 31, 2011
Notes to Financial Statements  
Note 3 - COMMON STOCK

The authorized capital of the Company is 200,000,000 common shares with a par value of $ 0.0001 per share.

 

During January 2011 and February 2011, the Company authorized the issuance of 25,000,000 shares at $0.001 per share to Benjamin Chung, CEO of the Company. However till the end of balance sheet date April 30, 2011 the officer paid only $100 as contribution against the purchase of shares. Such shares are not considered issued and outstanding at the period ended April 30, 2011 and $100 is considered as stock payable. On July 13, 2011, the Company issued 25,000,000 shares of common stock at a price of $0.001 per share for a value of $25,000 to Benjamin Chung, its President. Of the $25,000, $20,000 was paid in cash and $5,000 was paid for accrued expenses. The Company relied on Section 4(2) of the Securities Act for this issuance.

 

During the period between January 2011 and February 2011, the Company issued 25,000,000 shares of common stock under the private placements agreement to various investors at $0.001 per share. Company received a total of $24,900 net of offering proceeds.

 

There were no further issuances of stock as of the quarter ended October 31, 2011.